If the UK going to redesign its #StateAid rules, then perhaps we should start with an informed debate about what type of economy the UK needs. ft.com/content/868fe3…
@MazzucatoM makes some excellent points about how the State currently doesn’t generate “bang for the buck”.
Instead she says we need an openly #EntrepreneurialState, willing to proactively invest and shape markets for society’s benefit.
We should be proud about the State supporting successful innovation and enterprise.
Perhaps when the UK taxpayer backs an initiative there should be a publicity requirement to recognise this? e.g. a standardised reference on the website to taxpayers money having been used.
#StateAid has been behind so many of the cutting edge products of the last 50 years. However it’s often (conveniently) forgotten.
A new UK State aid regime could seek to address this.
theguardian.com/commentisfree/…
I agree with Dominic Cummings’s vision that the State can do more to spur innovation and growth.
I’d be interested to hear more from him about how the State can generate returns from such investment (so it can be self-perpetuating) and help solve the big problems of the day.
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