The lost origins of industrial growth

Article

Any realistic growth plan should start by accepting that the UK lacks the sinews, networks and public perceptions of a genuine industrial society.'

Former trade and industry under secretary Chris Benjamin provides a critical review of British industrial policy over the past 30 years and lays out the scale of the challenge of staying competitive in the modern global economy.

'Amid the clamour for a 'plan for growth', or a 'plan B', or even a 'plan A+', it is generally forgotten that British industry has been losing international competitiveness for at least three decades. It is perverse to rely on the institutional structures and attitudes that have contributed to this decline to reverse the trend.

'A genuine growth strategy needs to junk conventional policy approaches, and replace them - to quote a senior policy adviser in Singapore - with a government team smarter than the smartest captains of industry.'

Related items

  1. An unrecognisable woman playing a slot machine in a social club

    Reforming gambling taxation: How to lift half a million children out of poverty

    A key priority for the government’s upcoming child poverty strategy should be to remove the two-child limit and scrap the household benefit cap.
  2. A primary school classroom. In the foreground are pots of pencils and rulers and water bottles. Children in blue school uniform are blurred in the background

    The IPPR Inclusion Taskforce

    Our new inclusion taskforce will focus on reforming England's failing special educational needs and disabilities (SEND) system.
  3. Southport high street on a sunny day. A colourful selection of people out shopping and some planters full of flowers

    Places to come together: Rebuilding local solidarities against the far right

    A discussion paper on the fight for local investment and why government must create, facilitate and maintain spaces where solidarity might thrive.