“So, yes, we welcome the fact that we were right and the economically illiterate Chief Commissioner No. 1, Max Caller, has been found out to be very wrong indeed. And we do hate to say we told you so.” New Blog from the Blackstuff + @johnclancy https://t.co/ilpFF48W6c
As the EU discusses a ‘Made in Europe’ strategy & prepares to unveil its Industrial Accelerator Act, where has the UK got to on industrial strategy? Our recent critical review in @RegionalStudies gets you up to speed. @regstud https://t.co/x2zIllT2Gf
Delighted our recent @RegionalStudies paper ‘A critical review of the UK's Modern Industrial Strategy’ is getting so many reads and attention… it is a call to arms for putting place at the centre of a modern industrial strategy. @regstud@SallyJHardy https://t.co/i45HtuRkzH
Writing off manufacturing risks locking Britain into a low-investment, low-productivity future, dependent on imports and exposed to fragile global supply chains.
Other advanced economies have reformed their markets, shielded industrial users from price volatility and decoupled electricity pricing from gas. The UK has chosen not to.
Nor are Britain’s energy costs a law of nature. They are the result of policy choices. Wholesale electricity prices are still set by gas, even when renewables are generating power at far lower cost.
Manufacturing is not some outdated relic we can painlessly abandon in favour of services. Modern industry and services are increasingly intertwined: advanced manufacturing sustains high-value activities in design, engineering, logistics, data analytics and after-sales support.