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Abstract:

cover
CentrePiece Article
Towards a new UK industrial strategy
Richard Davies and Anna Valero
July 2017
Paper No' CEPCP502:
Full Paper (pdf)

CentrePiece 22 (2) Summer 2017


Tags: uk industrial strategy; business regulation; uk economy

The regulation of business has been a rollercoaster ride for the UK over the past 20 years. Drawing on their work with the LSE Growth Commission, Anna Valero and Richard Davies outline an opportunity to build a new system based on transparency, independence and a long-term outlook. They note that stable policy frameworks are needed to stimulate business investment, but support for specific part s of the economy should not be restricted to high performance-high growth sectors. Industrial strategy should be given a new law or long-lasting mandate since the ultimate objective should be for it to be insulated from political cycles.

This article draws on UK Growth: A New Chapter, the LSE Growth Commission’s 2017 report.