After Covid, is it time for the UK to invest in its industry again?

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The reopening of shops tomorrow offers hope of recovery. But with new forecasts of the economic challenges after Covid, our writer asks: will we end decades of orthodoxy and follow Europe by investing state funds into our struggling industries?

Approaching the Jaguar Land Rover assembly works in Castle Bromwich, the eye is drawn to a 16 metre-high sculpture commemorating the wartime production of Spitfires. In the summer of 1940, this was the industrial site where the fighter planes which won the Battle of Britain were built. A couple of hundred yards down from “Spitfire Island”, a source of 21st-century manufacturing pride is on display.

 

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You mean foreign industry in UK

What industry?

If lessons had been learned from this we would invest in the people rather than industry.

Ask again after covid

I think the UK should take a gap year.

Yep. Keep it local, pay what it’s worth not as little as you can get away with, everyone’s a winner.

After?

After every downturn in the financial markets it’s the same old tune, it’s the cry of bring back manufacturing and industry. The Brits are too lazy for this kind of work, get the useless facist Brits shipped to Africa and bring in the foreigners who know what a days work is.

No and unfortunately the state has to invest in R&D because the private sector won't

Unlike the success in New Zealand, the UK has failed to eradicate Covid with one lockdown and now seeks to balance economic concerns with people's lives. Difficult to say when we shall get past covid to begin such investments.

When will After Covid be I wonder?

Yes, duh.

He's gone

The Covid effects haven’t even started yet. The US economy is going to crash and burn and tank the global economy this fall. Economic free fall as the disease ravages the world.

I don’t know

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