What is wrong with the british film industry?

'If one were to dramatise the history of the British film industry, it probably wouldn't be a film at all. A soap opera would suit it better. How else to frame this litany of false dawns and hubristic triumphs; ignominious collapses and agonised soul-searching? On and on the drama runs, dragging so much history in its wake that certain incidents start repeating themselves, and the latest cliffhanger can look suspiciously similar to the last'