Industrial Strategy is Not the Solution to Britain’s Economic Woes
25 March 2024
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In the Media
In the Media
Len Shackleton writes for The Times
25 March 2024
Economic Theory
11 November 2024
Matthew Lesh quoted in The i
IEA Director of Public Policy and Communications Matthew Lesh has been quoted in The i discussing Shadow Chancellor Rachel Reeves’ pledge to implement a ‘modern industrial policy’.
Matthew said:
“Reeves’ analysis of Britain’s era of low growth — driven by lacklustre productivity, underinvestment and a lack of ‘supply side’ reform — is entirely correct.
“Beyond understanding these basics, however, Reeves’ prescription for Britain’s growth challenge is problematic. ‘Securonomics’ [the term the Shadow Chancellor used for her prescription of growth based on economic security] is an effort to insulate Britain from global shocks through greater state investment in strategic industries where Britain has an advantage.
“She claims this is a ‘new’ model, but really at the heart of her agenda is the old, failed idea of a state-directed economy.”
Read the full article here.
Matthew said:
“Reeves’ analysis of Britain’s era of low growth — driven by lacklustre productivity, underinvestment and a lack of ‘supply side’ reform — is entirely correct.
“Beyond understanding these basics, however, Reeves’ prescription for Britain’s growth challenge is problematic. ‘Securonomics’ [the term the Shadow Chancellor used for her prescription of growth based on economic security] is an effort to insulate Britain from global shocks through greater state investment in strategic industries where Britain has an advantage.
“She claims this is a ‘new’ model, but really at the heart of her agenda is the old, failed idea of a state-directed economy.”
Read the full article here.
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