But the result has been to leave Britain as the only major economy without an industrial strategy, the only G8 country without a national investment strategy, and pretty much the only advanced country without a serious regional development policy. Britain is virtually the only big country in the world that thinks it can grow industry without having an actual strategy to do it.
So we stand alone, again, do we?
Good. Now, please check our economic performance against those of other countries. Are we growing more slowly over time? No, the last three years is not an adequate timescale: try a couple of decades at least. Has our manufacturing sector shrunk more or less than that of other countries?
Given that it hasn\’t shrunk that is.
This is the important question. Not whether everyone else has a strategy but does having a strategy make any difference?
To provide good new jobs? His speech did not so much as mention the words, yet jobs should surely be front and centre in any such plan.
Jobs are a cost, not a benefit, you ignorant tosspots (actually, tosspot, as it is Aditya Chakrabortty who writes The Guardian\’s economic editorials).