Three things the Industrial Strategy should now do to raise productivity

George Osborne gave Philip Hammond what is known in sport as a hospital pass: an economic plan based on the UK returning to pre-2008 productivity growth of two per cent per annum without the investment or strategy to make it happen.  The Office of Budget Responsibility’s figures show we actually got paltry productivity growth of 0.2 per cent growth in

Will we get an industrial strategy for the 2050s or the 1950s?

In 2014, Dunlop Systems and Components relocated from a leaky old factory in Holbrook to a highly efficient new factory in 2014.  At the same time the company fundamentally redesigned the high pressure steam processes used in making its air suspension components, saving the business 67 per cent on energy and 38 per cent on water use.  This strategic approach

What Dieter Helm’s review and the industrial strategy might miss

Not all of the ten ‘pillars’ of the industrial strategy green paper will make it into the white paper expected by the end of this year.  Civil servants working on the final strategy say the innovation, skills, place, business and infrastructure pillars are the ones likely to remain and the content of the affordable energy and clean growth pillar will

Why the UK reducing its climate diplomacy may not be all bad for green industry

This post first appeared on BusinessGreen. The government’s Industrial Strategy consultation closed on Easter Monday. But before we had chance to draw breath, a snap election was called, moving the political agenda on again. The future for industrial strategy What will this mean for industrial strategy? If Theresa May remains prime minister there are strong indications it will remain a

Industrial strategy: where UK and US economic plans diverge

Last Monday, Theresa May launched the centrepiece of her domestic agenda: the UK’s industrial strategy. After six months of commentary on the parallels between the phenomena that led to the Brexit vote and US election result, it is useful to reflect on the differences that are starting to emerge. A quick read of the green paper appears to show that

Natural markets: an idea whose time has come?

It’s heretical for a think tank to admit this, but our latest big idea is not really that big. It is in fact medium sized and achievable step from where we are now. It’s an idea so obvious, that once you hear it, you’ll be surprised it’s not happening already. But it isn’t, we checked.

Five things you should know about industrial strategy

Industrial strategy is back.  It featured in Theresa May’s Birmingham leadership speech as one of the economic reforms necessary “to get the whole economy firing”.  As prime minister, May has followed through by elevating the former Department for Business Innovation … Continue reading →

Will the Green Investment Bank become just another bank?

The government is in asset sale mode.  The planned sale of the nationalised banks will set a new high watermark for capital raised, previously set by the BP privatisation, presided over by Margaret Thatcher in 1987. The sale of the … Continue reading →

Low carbon infrastructure is vital to UK investment ambitions

George Osborne has two main objectives for government expenditure as chancellor: eliminate the deficit by cutting day to day spending and increase investment by prioritising capital spending. As public expenditure has been reduced the chancellor has looked to the private … Continue reading →