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We need an industrial policy

Comment 19th July 2010

It is no good hoping that the private sector will create jobs without help or at least the government creating a benign environment for business.

We have had decades of indifference to manufacturing and engineering from politicians, many of whom seem to have little affinity or sense of importance of manufacturing. 

If anything the manufacturing is still shrinking.  It simply does not pay to employ lots of people in the UK.  The government need to reduce the cost of doing business in the UK so that when American, Japanese or Chinese move to the EU, they choose to come to Britain.

Goodwill alone is not good enough.

Why does this matter?

We need a positive industrial policy.

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