As the UK becomes ever more obsessed by Strictly Come X Factor Dancing I have been pondering the yet to come fate of Rolls Royce. One of our best companies and one of the last companies in the UK to actually make anything.
I have flown the A380, a cumbersome machine but an enjoyable flight, only ruined by the time spent getting off and unloading the thing. But to have an engine explode is a frightful affair. It happened to me once in Laos flying Air America and i still bear the scars from that little affair.
If Airbus are right and there is a design fault or build fault in RR's engines then RR will be wrung out like BP were over that spill in the Caribbean. Already their shares are dipping..
Which leads me to think that this is truly the end for British manufacturing. Soon we will be owned by the Chinese as we cant pay off our debt and they can.
I spent a wonderful night in a Mayfair club at the weekend with Baxter and met some wonderful people including an ex computer hacker, a hedge fund manager, an ex stripper and a retired stock broker. If only life was as simple as drinking Vintage Moet.
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