PM May resurrects industrial policy as Britain prepares for Brexit

[uawchild]

Source: Reuters

Prime Minister Theresa May will on Tuesday outline her bid to reshape the British economy for a post-Brexit world, reviving the once unfashionable concept of industrial policy 30 years after Margaret Thatcher killed it off.

May will chair the first meeting of the "Cabinet Committee on Economy and Industrial Strategy" in her Downing Street Offices, bringing together the heads of 11 other ministries to set out her vision for a state-boosted industrial renaissance.

"If we are to take advantages of the opportunities presented by Brexit, we need to have our whole economy firing," May said ahead of the meeting in a statement released by her office.

"We also need a plan to drive growth up and down the country – from rural areas to our great cities."

After a referendum campaign that revealed dissatisfaction in many of Britain's struggling post-industrial regions, May is pitching a plan to reunite the country by raising the prospects of those who she casts as "hard-working people".

Read more: http://www.reuters.com/article/us-britain-eu-industry-idUSKCN10C3CR

[forest444]

1. There were so many factory closures during the Maggot's tenure,

that when she'd visit an industrial district (usually before a by-election), and the inevitable protest of laid-off workers would break out, she'd have to ask "which factory had closed."