@"If that is the case then why did we never have our own space programme"
We did have our own space programme!
We had the technical capabilities, even working rockets, just not the political will to push it forward. (Same story repeated with HOTOL and again with Skylon). It was the political elite who intentionally obstructed it and held it back. (See no real gain for the political elite when they can instead spend the money on things that far better benefit their greedy careers). So we the UK made deals with America and Europe instead. :(
@"Breakthroughs are made and then the idea sold to the US."
Yeah and who really gains out of these deals? ... certainly not the scientists and inventors of the technology. But the political elite gain by making deals and powerful friends, especially when they are also rewarded with directorships when they leave politics.
@"Not to mention that under Labour foreign ownership of UK companies increased from 25% to 75%. "
Didn't know it was that bad, but anyway it felt something like that. :( ... The thing is who really gains from selling off all our companies (which are really income assets for our country). ... Once again its the same group of rich and powerful people, basically Labour had a fire sale of the UK assets for their own Narcissistic gain and the gain of their rich Narcissistic friends. The rest of us are left to suffer in a mess of their making.
The industrial revolution transformed this country. We could make a lot of money again (like some countries have done) but the rich and powerful obstruct any chance of us building long term value into this country again because they are instead intentionally holding everyone else back (a typical behaviour of Passive–aggressive Narcissists) while they go for short term gains like selling off the UK for their own gain.