Economic Theory

Car firm bailouts could set bad precedent

Professor Philip Booth quoted in The Times

Britain may end up with  “government control of increasing chunks of the economy, as well as poor corporate governance as businesses end up being run by a mix of bureaucrats and politicians without clear rules and guidelines on how to operate” says Professor Philip Booth, IEA Senior Academic Fellow.

Philip was quoted in The Times newspaper responding to reports that the Treasury could end up with control of sweeping stakes in British industry if a mooted rescue package for Jaguar Land Rover sets a precedent for a series of coronavirus bailouts of struggling firms.

Read the full piece here.