The future of economic growth and industrial strategy
The aim of the Industrial Strategy is to boost productivity by backing businesses to create good jobs and increase the earning power of people throughout the UK with investment in skills But even without Simpson Bowles, here are a few common-sense proposals which would reverse the “new normal” with policies focused on economic growth. 1. Promote economic growth through innovation. Given the last decade of low economic growth, developed countries including the UK which previously rejected overt state involvement in the economy are returning to industrial strategy as a means to try and stimulate investment, increase productivity, create highly skilled jobs, regenerate regional economies and generate per capita growth.