Emeritus Prof Christopher May1d ago

As I have pointed out before, the problem is not so much that the UK doesn't have an industrial strategy, its that the one it does have (whatever claims made otherwise) is always focussed on the preferences/needs of financial services.

and if you needed some further evidence; while most of the economy is essentially flatlining or worse, somehow financial services is experiencing a major revival from its transient problems.

as usual Govt.s listen to bankers!

#politics
https://www.theguardian.com/business/2026/apr/07/uk-city-firms-cbi-financial-sector-rachel-reeves

UK City firms report fastest turnaround in fortunes in 30 years

CBI figures showing surprise jump in financial sector’s growth will be welcome news for Rachel Reeves

The Guardian
Show threadSister Lucy Fur

@ChrisMayLA6 Just wait til the UK catches up with these Untied States and private equity buys up everything for utter enshittification. Like they do with housing, medical practices, vets.

We need an army of Luigis.
https://www.theguardian.com/commentisfree/2026/apr/07/capitalism-endgame-private-equity-captured-nurseries-care-homes

Want to know capitalism’s endgame? Just look at private equity – it has captured our everyday lives

These companies now own everything from nurseries to care homes, squeezing vital services for profit while we foot the bill, says Hettie O’Brien, author of The Asset Class: How Private Equity Turned Capitalism Against Itself

The Guardian
Apr 7 at 12:46pmWeb