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Playing Britain without knowing how to make money (or other core strategies) isnt probably the best idea Best bet is to get solid "education" by developing a minor country and learning the basics before attempting a monster like the UK. Switzerland is a fun country to test things out on ... fairly stable economy, 12 divisions in reserve and a southern neigbor begging for some beatings
To get POPs for the factories: find a region (state) that has one or several provinces with a farmer/labourer POP of size 100.000 or close to getting there, build factories in that state and turn all the other POPs into craftsmen/clerks but keep the 100.000 one. This 100.000 POP will spawn new POPs for your factories.
Edit: not sure what happens if you turn the 100.000 POP into a craftsman, will it spawn new craftsmen? Might be a better alternative then...