Giles Wilkes Profile picture
Nov 29, 2021 17 tweets 6 min read Read on X
Kate Bingham's speech (link found here ox.ac.uk/news/2021-11-2…) is much more interesting than some of the more OTT, civil-service-hating coverage would have you believe. Some points 1/
First, for everything that follows, the monumental scale of what Covid has wrought needs this dramatic reiteration. Note: this is a conservative estimate of global deaths. Very few policy situations occur against such an extraordinary backdrop ...2/
and it could have been worse: SARS' slow-mutating nature allowed the prospect of a vaccine-exit from the nightmare 3/
A strong theme is the contrast between the "wartime" situation of 2020 and the steady-state "peacetime" of normal times. This cannot be emphasised enough. Normally, policy impacts emerge over years/decades, vs "visible in next month's @jburnmurdoch graph" timings of 2020/21 4/
KB usefully makes clear that the role of the Vaccine Taskforce wasn't the discovery of vaccines, but choosing them, helping their mass-manufacture - and getting them for the UK specifically, given how small we are 5/
And for those (including, sometimes, me) who struggle to see what an investor or "strategic customer" can do to enhance the whole industry they are in, these are the essential paragraphs. This is a speeded up version of what UK industrial strategy has tried to do in places 6/
KB also generously points out the strong performance of parts of the bureaucracy, such as the rapid and effective recruitment of volunteers for testing, with the NHS 7/
In terms of her lessons for government - the bit where @instituteforgov and thinkers like @AlexGAThomas are generating ideas - she appears to cite three positives: great senior civil servants in places; clear PM authority; single decision-making structure 8/
The result, clearest seen in this chart: about 6 months where we were 10-25 percentage points more vaccinated than, say, France - which given our horrendous infection levels, might have saved thousands of lives 9/
So what about the negatives? They are summarised as:
- lack of scientific skills in officials and politicians
- risk-averse culture *at the very worst time*
- lack of commercial nous/good relations with industry

Going through them: 10/
The first and third reflect a long-standing, anti-industrial strategy bias in political Whitehall: why would officials be expert in who's who in biosciences? It is one that Lord Heseltine banged on about in his 2012 report 11/ assets.publishing.service.gov.uk/government/upl…
I would observe that this does not come cheap. Having officials familiar and networked into major industries means having them just doing that, not whatever else you may want them doing. Good ones are attractive to industry too, so expensive. Doesn't survive austerity... 12/
Moreover, the problem is with the politicians too 13/
The issue of risk aversion is the real poser. Clearly, in pandemic circumstances, cavilling about proprietry/due process is mad- but it is *everyone*s job to fix this. If the media and the rest of us bang on about costs, politicians are forced to care 14/
Ultimately, if they want their officials to take decisions that go well beyond the comfort zone, they have to somehow insulate them from future Death By Select Committee - and that is difficult promise to make in a time-consistent way 15/
This is why I think "Adopt a venture capital mindset" is so much easier to write than carry out. I also think (for another piece, you'll be pleased to know) the VC mindset isn't right for *every* policy problem. Pandemic-ending drugs, sure. Social care? you show me 16/
Anyway, the whole speech is worth reading, if only to correct some of the cruder caricatures of KB that may have emerged from the spin of before. 17/17

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More from @Gilesyb

Jul 30
Reflection on yesterday's big moment from Reeves: this far, there's a pattern of the new government doing what was widely predicted, but still somehow managing to surprise on the upside in their delivery.

We all expected a "shocked face what a mess" moment...1/
It was visible from a distance that the Tories had set aside far too little spending to keep the public realm in a decent state, let alone deliver goodies like extra hospitals.

But the details, the vitriol and clear accusation of dishonesty were 🔥 2/

wp.me/pDsIG-15c
If the anger wasn't real, she's one helluva actor. The OBR's promised investigation into the circumstances of the last Budget means another big hit from this dishonesty accusation. It might build all summer, that narrative. They want it to land like 1992, like Truss...3/
Read 10 tweets
Jun 19
When I saw that @IPPR (@GeorgeDibb and @carsjung specifically) had written a report eviscerating the UK's investment record, my first reaction was a shrug and "huh, yeah we know that". But it is well worth your time: 1/ ippr-org.files.svdcdn.com/production/Dow…
To start cheekily: it praises the Sunak/criticizes Labour's plans!

"The government’s plans for ‘full expensing’ capital allowances are a step in the right direction"

"a Starmer-led government would cut public investment more than the 2010-24 Conservative administration"
2/
Two: it is salutory to be reminded of how deep-seated is the UK's failure to invest.

If you are looking for culprits behind our growth failures, *you need to find big things*. This is a big one - £1.9tn cummulatively. Had that been invested, GDP would be much higher ... 3/ Image
Read 7 tweets
Jun 3
Since there is nothing else going on, here is a good @IPPR report by @GeorgeDibb et al on Manufacturing and the Green transition

Some thoughts: 1/ippr-org.files.svdcdn.com/production/Dow…
They share the Johnsonian Cakeist position that Green Growth is a three-fer - you win at growth, regional balance and environmental policy by going for it.

This would be nice. But: 2/ Image
Others in the think tank ecosystem like @resfoundation with their Ending Stagnation work are more cautious: 3/ economy2030.resolutionfoundation.org/reports/ending…
Image
Read 14 tweets
Apr 15
Most of us are reasonably convinced that Truss's economic programme (fwiw) was proven to have failed within a month. The market verdict was brutal.

But most policy isn't that clear.

I read a LOT of centre left pamphlet-speak calling for industrial policy ... 1/
which you could machine-write: "the UK needs a green innovative industrial strategy that invests in sectors of the future and cuts pollution while creating green jobs and rebalancing the economy/levelling up. It should borrow to do this/tax the rich".

What I seldom read... 2/
... is anything like a statement of what failure would look like. Give it 50 times longer than Truss - 5 years, say. What would force you to concede "this hasn't worked"? What metrics would count for evidence? Or is that too short?

Or is it heretical to ask? 3/
Read 9 tweets
Mar 4
The Government has more Industrial Strategy than you can fit on an A2 sheet, a thread. Please tell me what is missing!

An Advanced Manufacturing Plan 1/assets.publishing.service.gov.uk/media/65788f51…
Which includes the GIGA fund (Green Industries Growth Accelerator)
2/gov.uk/government/new…
... and also a Life Sciences Innovative Manufacturing Fund 3/gov.uk/government/pub…
Read 33 tweets
Jan 26
"Budget blowouts and delays: why the UK struggles with infrastructure"

OK, this is a vitally important and *difficult* topic, and it plays directly into a subject I've been trying to force myself to think about: when markets or planning are better 1/on.ft.com/3S5WnbK
This observation crudely suggests to me that the UK has opted for the ever-more-market approach to doing stuff. Issue a tender, that gets sub-contracted and so on in an attempt to stimulate competitive dynamics that somehow produce the best outcome. But it hasn't worked! 2/ Image
In my amateur estimation, we've been trying to exploit the insights of Hayek's Use of Knowledge in Society which emphasises the supreme knowledge difficulty of planning. But he understands that the right answer depends on circumstances! 3/ econlib.org/library/Essays…
Image
Read 6 tweets

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