How to design a successful industrial strategy

Summary:

As the UK finally leaves the structures of the European Union, the government is expected to unveil an industrial strategy to address the country’s long-standing economic ills. This report argues that the case for an ambitious industrial strategy is strong, and aligns well with other government agendas like net zero and levelling up. However, the government is yet to set out a process for delivering on these ambitions. As it does so, it needs to remain vigilant towards the risk of government failure, and carefully restrict its interventions to where they make the most impact.

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