Manufacturing

Today

Matthew Lynn

Unmade in Britain: we’re becoming a zero-industrial society

The French sociologist Alain Touraine coined the term ‘post-industrial society’ in 1969. By the 1980s it had become shorthand for the kind of services-based, individualistic economies most major developed nations had created. Today, the UK is moving its economy beyond that. We are creating what might be called a ‘zero-industrial society’. Climate change targets, soaring energy prices and rising taxes on employment are killing off Britain’s small and vibrant industrial base. Last week, Ineos closed its ethanol plant in Grangemouth, Scotland, with its chairman Sir Jim Ratcliffe warning of ‘the extinction of our major industries’. The previous month, Airbus announced it was cutting 500 jobs. In October, JCB cut 230

Friday

James Forsyth

Covid has proven the benefits of ‘Made in Britain’

Thatcherite Tories have long been suspicious of the idea of an industrial strategy. Their view was that it wasn’t the job of government to pick winners (or, more likely, protect losers). But the pandemic has changed all that, I say in the Times this morning. The old certainties of globalisation have come crashing down. One influential secretary of state’s view is that ‘it proves the error once and for all of the Blair-era assumption that the location of your manufacturing doesn’t matter.’ The last year has shown that even in this globalised age the nation state trumps the market. You could see this in the scramble for personal protective equipment