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The UK Needs a Broader Industrial Strategy
Rishisunak felt like he needed to grip the issue of higher inflation. But there's a difference between actively reducing inflation and not doing anything to add to it, right? He didn't really talk about halving inflation by the end of the year so much as reducing it. So is he shifting the goalposts? Yeah, absolutely. The former Bank of England Governor Andrew Mervin King talking about how it's not bad to claim credit for it once it's actually happened - but not before perhaps. And so too, the relationship between government and business, which is the other big struggle, I think, for RishisUnak and for the cabinet. An industrial strategy
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