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Industrial angst

As with all aspirations, there is of course the small matter of reality to contend with. Don’t forget that this is a party of business that has just said it will substantially raise corporation tax in two years’ time, and while shutting down large chunks of the economy for the best part of a year has provided the patchiest of support and the muddiest of guidance to many of the nation’s small and solo businesses. 

It is also the party that in the past week has abandoned plans to create an industrial strategy for the UK, first outlined in a 2017 white paper ‘Industrial Strategy Building a Britain fit for the future’. Instead, support for business and industry will be provided on, as the Financial Times put it, a more “ad-hoc” approach – a move described by The British Chambers of Commerce (BCC) as “a short-sighted step that ministers will come to regret”.

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