Show Notes
Is Labour’s promise of reindustrialisation realistic for the UK economy? Dominic O’Connell explores the future of British manufacturing.
In his speech to the Labour Party conference, Chancellor John Healey promised "a new age of industrialisation". But with UK manufacturing output stagnant and England losing over 6,000 manufacturing businesses in the past five years according to the Office for National Statistics, can government fiscal policy turn the tide?
In this episode of The Business, Dominic O’Connell considers whether genuine reindustrialisation is possible, as well as the obstacles in the way including the impact of high energy costs, skills shortages and the global impact of Chinese manufacturing competition.
Joined by David Smith, economics editor at The Sunday Times, and Liam Sides, director of regional analysis at Oxford Economics, we examine the structural shifts that transformed Britain into a service-based economy over the last 50 years and evaluate what a realistic reindustrialisation strategy looks like for British business, from growing advanced manufacturing sectors like aerospace and pharmaceuticals to regional investment and planning reform.
Guests: David Smith, Economics Editor at The Sunday Times Liam Sides, Director of Regional Analysis at Oxford Economics
Presenter: Dominic O’Connell, Times columnist and Times Radio business correspondent
Producer: Hope Federico Executive Producers: Emily Leahy and Miriam Hall
Picture: Getty Hosted on Acast. See acast.com/privacy for more information.
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