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Making things worse

The government is missing a vital opportunity to restore the fortunes of British manufacturing

By Michael Prest   October 2008

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Britain needs a concerted effort to boost manufacturing. The credit crunch has driven home the country’s overdependence on fragile financial services. At the same time, fast-growing developing countries such as China and India offer huge new export markets. But the government’s new manufacturing strategy, published in early September, does not go far enough to right the balance of the British economy.

The strategy paper, which has the dreary title “Manufacturing: New Challenges, New Opportunities,” is the joint work of the department for business, enterprise and regulatory reform and the…

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