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ID:
162592
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| Summary/Abstract |
Upon becoming Prime Minister, Theresa May installed industrial strategy as one of the principal planks of her economic policy. May's embrace of industrial strategy, with its tacit acceptance of a positive role for the state in steering and coordinating economic activity, initially appears to be a decisive break with an era dating back to Margaret Thatcher, in which government intervention was regarded as heresy. Whilst there are doubtless novel features, this article argues that continuity is the overriding theme of May's industrial strategy. First, despite the reluctance to confess it, like every UK government over the past forty years, May is proposing to intervene selectively to ‘pick winners’. Moreover, the strategy envisages extending assistance to industries which have been in receipt of substantial government resources since the 1970s. Likewise, the backing anticipated for industries identified in May's strategy is dwarfed by that given to those which are not, most notably the financial services sector. Far from radically rebalancing the structure of the UK economy, May's strategy seems destined to entrench the deindustrialisation with which its governments have grappled for almost a century.
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| 2 |
ID:
075686
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| 3 |
ID:
161664
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| Summary/Abstract |
The UK's ongoing political turbulence has prompted a reprise of debates from the 1970s when many concluded the country was ungovernable. Then, the most influential diagnosis conceptualised the UK's governance problem as one of ‘overloading’ caused by the electorate's excessive expectations. This article argues that these accounts overlooked another phenomenon besieging UK governance during this period. This phenomenon was freeloading: the withering of government capacity deriving from the ability of actors to enjoy the benefits of citizenship without altogether contributing to the cost. In the interim, these problems have become endemic, not least because of the unspoken but discernible policy of successive governments to turn the UK into a tax haven. High‐profile scandals involving prominent individuals and corporations, plus the failure to clamp down on them have reinforced the perception that the UK's political system is geared towards the rich and the powerful at the expense of the marginalised majority.
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