Industrial Policy in the Context of Brexit
This paper reviews UK industrial policy in the context of Brexit and weak productivity performance. It considers proposals made in a recent White Paper as well as more general arguments for reform now that the ‘post-Thatcher consensus’ has ended. The desirability of improving horizontal policies in...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Blackwell Publishing Ltd
2018
|
| Subjects: | |
| Online Access: | View Fulltext in Publisher |
| Summary: | This paper reviews UK industrial policy in the context of Brexit and weak productivity performance. It considers proposals made in a recent White Paper as well as more general arguments for reform now that the ‘post-Thatcher consensus’ has ended. The desirability of improving horizontal policies in the areas of innovation, infrastructure and skills is noted. In the event of a hard Brexit, there would be an opportunity to return to 1970s-style selective industrial policies and public-interest-based competition policy. An advantage of a soft Brexit is that it would preclude interventionism of this kind. © 2018 Institute for Fiscal Studies |
|---|---|
| ISBN: | 01435671 (ISSN) |
| DOI: | 10.1111/1475-5890.12174 |