Mark Littlewood writes for The Times
In his article Mark writes that government has a vital role to play in establishing rules and regulations that allow for innovation, competition and discovery. But history shows us that they are especially poor at predicting the key drivers for change in a highly complex and diverse economy. Unfortunately, Mr Clark’s industrial strategy seeks to design Britain’s economic future to within a decimal point. We cannot yet be sure about exactly how inaccurate his projections will be. But we can be almost certain that they will be scuppered by myriad unpredictable events, just as the royal engagement derailed his media plans last week.
Read the full article here. (££)
Further IEA Reading: Taxation, Government Spending and Economic Growth