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Industrials

engine-industrial-strategies

Has the UK learned the lessons of past industrial strategies?

Industrial strategy has shifted throughout contemporary history, but it is most associated with the interventionist policies of the 1970s. Nevertheless, in July 2016 the business department became the Department of Business, Energy and Industrial Strategy (BEIS), marking a shift towards a renewed interest in industrial strategy in the UK. This was subsequently followed by a government industrial strategy green paper[1] promising a long-term vision and commitment to a comprehensive policy framework. In the wake of Brexit uncertainty, the pursuit of a clear and consistent policy seems advisable. However, seven months on from this consultation, it is unclear whether this strategy offers a solution and alternative...