Taxpayers should not have to bail out failing industries
IEA research quoted in UAE media
Andy Mayer writes in CapX
Matthew Lesh appears on Sky News
“It is certainly not clear that taxpayer money should go to massively subsidising our steel industry.
“There is a risk that you’re selling people a lie. The longer you use taxpayer money – and large amounts of taxpayer money – for a very small number of jobs, you’re building people up in a sector that doesn’t have a clear future.
“That money could be better used focusing on those individuals to make sure they get the skills they need to retrain in whatever the future industries are in the UK.”
Watch Matthew’s full appearance here (6:23).