" /> " allowfullscreen="true">

Britain's Conservative-led government says tax havens offer a solution to the country's huge budget deficit. But some say the country's biggest problem is that it is no longer a major manufacturer.

Take the automobile industry. Time was when Britain was a leading manufacturer of cars, and Coventry - where many of the factories were located - was the nation's pride.

Even today, as Al Jazeera's Laurence Lee reports from the town, local residents have not forgotten that the collapse of UK's industries coincided with Margaret Thatcher's Conservative government.

Source: Al Jazeera