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Is the UK failing to keep pace with the big industrial strategies of the US and EU?

Geoff Riley

1st June 2023

Mariana Mazzucato, author of the Entrepreneurial State, writes in the Guardian about how Britain is failing to match the USA and the EU in its response to the Inflation Reduction Act.

She argues that whereas the US and the EU have the resources and the inclination to formulate a genuine industrial strategy designed to set up the economy for the challenges to the future, the UK has opted for 'ad hoc' policy changes, and a piecemeal industrial strategy.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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