An industrial strategy that works for all places?
Theresa May has advocated stepping in to repair markets where they are not working, but will the first industrial strategy in a generation really deliver an economy that works for all places?
We wrote back in January about how a modern industrial strategy needed to be backed up by a greater spatial and redistributive drive. This advocated direct investment toward areas of the country, which were not just the ‘winners’ but were also being left behind. Indeed, the Confederation of British Industry (CBI), British Chambers of Commerce and the manufacturers’ organisation EEF urged the Government to boost living standards and improve productivity in the country’s poorest regions, adding that we must avoid the outdated ideas of “picking winners”. [1]
