Britain’s economy: PM Theresa May’s “New Industrial Strategy”
July 24, 2016 – The Economist
Theresa May, Britain’s prime minister, bucked political orthodoxy by elevating “industrial strategy” to the top of her new government’s agenda. She has indicated that her strategy will include raising Britain’s low productivity, pressing ahead with big infrastructure projects and scrutinising foreign takeovers. For now the policy remains somewhat inchoate, but already free-market types are worried.
Why “industrial strategy” is back?
THERESA MAY, Britain’s new prime minister, has certainly been bold, maybe even foolhardy, in some of her cabinet appointments. But she has been equally bold in elevating “industrial strategy” to the top of her new government’s agenda—a move that could mark a clear break with her predecessor’s governments. Continue reading