There is such thing as a strategically important industry.
In other words, not everything can be left to the market: industrial strategy and takeover laws will need to change to make Britain more resilient.
telegraph.co.uk/news/2021/01/3…
In other words, not everything can be left to the market: industrial strategy and takeover laws will need to change to make Britain more resilient.
telegraph.co.uk/news/2021/01/3…
The decline of British manufacturing, we had been told for years, don't matter: we are a services economy. But our struggles with procuring protective equipment, testing and even the early obstacles to vaccine production, were all connected to this lack of capacity at home.
Our successes have occurred where the state has worked strategically, in partnership, with scientific institutions and the private sector.
It is this model – a strategic state, seeking to achieve a rebalanced economy, investing in science and working in partnership with the private sector – that can put right our past failures and put our country back onto a path to security and prosperity.
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