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Alison Wolf argued controversially that the economic benefits of education are limited

It is suddenly fashionable again to talk about industrial policy. For years, ministers have shied away from the notion that they should try to promote or rescue businesses, scarred by the history of failures of “picking winners” or saving national champions. But since 2008, the need to rescue banks with billions of pounds of taxpayers’ money, and calls to “rebalance” the economy away from finance towards manufacturing, have prompted them to think again; so has the rise in unemployment, the struggles of apparently viable businesses to secure financing,…

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