No offence taken, it is what it is...
I agree, as a country, we are notorious for under funding anything that doesn't work immediately.
It's not just in mechanical engineering, it's across the culture. In the late 60's and early 70's we sold off the empire (what was left of it), took a short term view of our military capability and then rolled into the union led mid 70's where the British bike industry finally gave up closely followed by our woeful motor industry. One of my mates worked at Cowley in the late 70's and through to the launch of the ill-fated Rover 800. He joked about the standard of workmanship & mngt, no wonder we lost it all.