Tag Archives for Industrial strategy

The UK, EU and the distance effect on trade

Despite the notion of hyper-globalisation, most trade happens with countries in close geographic proximity. Tendencies towards regionalisation and the UK’s strong dependence on EU imports seem to have been forgotten in the Brexit debate A persistent feature of the Brexit debate is the conviction among Brexiteers that the UK will be able to offset any losses from trade with its … Continue reading

20 February 2018 by
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The next Brexit

The path to ‘soft Brexit’ has now been firmly established. But the real disjuncture between the UK and the EU may be yet to come The divorce deal between the UK and the European Union (EU) agreed earlier this month has effectively averted the immediate prospect of a ‘hard Brexit’. After the UK’s capitulation on a range of key sticking … Continue reading

19 December 2017 by
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Craig Berry and Arianna Giovannini’s book on Northern economic development

SPERI is delighted to report that Developing England’s North: The Political Economy of the Northern Powerhouse, edited by our deputy director Craig Berry and honorary research fellow (and senior lecturer at De Montfort University) Arianna Giovannini, has been published by Palgrave. This collection explores the politics of local economic development in Northern England. It starts from the premise that socio-economic … Continue reading

4 December 2017 by
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George Osborne’s legacy lives on in Philip Hammond’s latest budget

The Chancellor glossed over terrible forecasts, delivered more hype than substance on industrial strategy, and succumbed to another housing market stimulus. But the Osbornomics bag of budget tricks is delivering diminishing returns for the British economy Philip Hammond lacks the showmanship of George Osborne, but his latest budget taught us, if nothing else, that he is a great deal funnier. … Continue reading

23 November 2017 by
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Industrial strategy: here come the British

Craig Berry

The final report of the Industrial Strategy Commission outlines a bold vision for strategic economic management in the UK, including institutional reforms at the centre. Can we expect the same radicalism from the May government? A nation awaits. After decades of economic inaction, the UK stands on the verge of adopting a comprehensive industrial strategy, long after the international consensus … Continue reading

1 November 2017 by
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The Life Sciences should not have an Industrial Strategy

Richard Jones

Industrial policy should be driven by and framed in terms of the demand for innovation, not by the science areas which contribute to it The UK government has published the first outcome of the Industrial Strategy “sector deals” announced in the spring’s Industrial Strategy Green Paper. The Life Sciences Industrial Strategy was headed by Sir John Bell; the area is of undoubted … Continue reading

20 September 2017 by
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Towards a coherent industrial strategy for the UK

Richard Jones

The new report by Industrial Strategy Commission sets out positive principles that can be the foundations for a new UK industrial strategy What should a modern industrial strategy for the UK look like? Last week the Industrial Strategy Commission, of which I’m a member, published its interim report – Laying the Foundations – which sets out some positive principles which we suggest … Continue reading

19 July 2017 by
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General election 2017 and the incompleteness of industrial strategy

Craig Berry

Industrial strategy is the Achilles heel of British economic statecraft, but the radical approaches promised by both the Conservatives and Labour fall short of a transformative agenda When Theresa May suggested that economic growth would be pursued much more inclusively under her premiership than under David Cameron and George Osborne, a renewed focus on industrial strategy was offered as a … Continue reading

21 June 2017 by
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Margaret Thatcher, Theresa May and industrial strategy

What does the discursive appeal to industrial strategy by Margaret Thatcher and Theresa May tell us about the prospect for radical policy change or continuity? Theresa May’s speech on July 11th 2016, delivered at the launch of her national campaign to become leader of the Conservative Party, was notable for its assertion that a government under her leadership would implement … Continue reading

19 January 2017 by
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Industrial strategy failures increase the likelihood of soft Brexit

Craig Berry

As Theresa May knows, Britain is too weak economically to prosper outside the single market under the current economic policy paradigm – this inconvenient truth will soon tear apart the pro-Brexit coalition In many ways, 2016 was a fairly typical year in post-crisis Britain. The economy continued to stumble along, but the government continued to pretend otherwise, declaring austerity to … Continue reading

17 January 2017 by
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Picking winners – Nissan and industrial strategy

Nissan’s announcement and questions about a deal show why the government must quickly set out a clear industrial strategy plan Industrial policy is back.  On the eve of becoming Prime Minister, Theresa May stated that the UK needs ‘A proper industrial strategy to get the whole economy firing’.  By the end of the same week she’d created the new Business, … Continue reading

1 November 2016 by
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