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 threadTerryB1d ago
@ChrisMayLA6 This seems to have been in built since Thatcher. In my ignorance of such matters I do wonder why a Labour party seems so wedded to this thinking. A collective loss of belief in the possibility that the UK can design, make and sell physical products?
Show threadEmeritus Prof Christopher May1d ago

@TerryBTwo

I'd say it goes further back, but like so many negative things was certainly made worse in the Thatcher years

Show threadTerryB
@ChrisMayLA6 So where’s this idea that we shouldn’t make stuff come from? Or maybe that the money is in services rather than making stuff?
Apr 7 at 1:21pmWeb