Time for strategy

Fairly recently, the UK government issued a draft Industrial Strategy.  Any discussion on this seems to have been drowned out by the Brexit rhetoric.  Yet it is too important to ignore. UK productivity is low – wages are low – living standards are low. We need a kick up the backside, to shock us into action … or we need a sensible, long-term strategy.

Instead what we get is Brexit posturing – and all the media attention is fixed on that (and Trump, of course).

When I advise companies, I tell them to beware of concentrating on the urgent at the risk of ignoring the important.  Well, productivity improvement is both urgent and important – it is the only way out of the low wage, low living standards cycle.

Put the industrial strategy back on the table, please.

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