Is the big state back in Britain?

Illustration of a hand holding a large one penny coin inbetween its thumb and forefinger, on a red background.

2024-08-01  775  中等

Tilt the lens slightly, though, and this programme appears less alarming. Labour’s enthusiasm for industrial policy is never going to be something that The Economist shares. But the details differ from the slogans. Behind the statist rhetoric, Labour’s actions so far amount to a fairly orthodox agenda of supply-side economic reform. Indeed, if anything, the big risk to the mission of boosting growth is not Labour’s headstrong interventionism, but its lack of audacity.

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