Industrial strategy will provide confidence for business

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FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

The writer is the Prime Minister of the United Kingdom

The world entered a new economic period. More dangerous in many ways, with increasing threats for our security. But at the same time, it is a world of great opportunity. Technological advances in lifestyle, pure energy, artificial intelligence and more technology change our economy deep.

Gold is an opportunity. We can connect these great forces and use our economy to make both fair and stronger. The race is undoubtedly placed well to win the British. All our financial industry, universities and scientific institutions are the world leader. Our legal system determines global standards. We have a perverse heritage in trade and enterprise. With the latest hat-trick of trade deals – in India, the United States and the EU, we have restored our identity as a global champion for free trade. A submissive signal, such as the more variable in the world, is clearly open for England’s work. And these years, chaos are now strong in the past.

There is still a grip. Consecutive governments for decades have moved away from a correct industrial strategy. We have a state, paradoxical and back and are very interfering. When the industries find themselves in the mercy of change, it is often left for them when the government is uninteresting in providing a bridge for the future. Still in the same extent, when new opportunities present themselves, Britain often adjusted to change itself or to change itself or changed the course. The result is an economy that has an economy that has a very slow economy to both exceeded and global variability, but also global variability and has a very slow economy to take advantage of opportunities.

This cannot stop during the technological transformation. In the past, a large or small government belongs to tired debates. Now only the dispute is to be flexible enough to capture the future chances or stay behind quickly. The purpose of driving my plan for this change. And so I’m proud to get a job New Industrial Strategy Today is for the nation. Healthy, strategic and unapologeticly, respond to long-term call challenges. A 10-year plan to make the United Kingdom best country to invest in any place in the world. A new connection between the enterprise and the government established by partnership.

Deal is simple. The government ensures strategic confidence. And it is free to make businesses best and create wealth.

Of course, some of them still will say that the government is more interfering with the economy. I don’t deny it. I think that this is our role to return British enterprises, investing in our comparative advantage and betting in the growing and productivity. However, this strategy is written with themselves. This shows that it is constantly asking for the importance of agility and whether the Reylings are the thinking of the conditions for the development of Britain.

The result is supported by eight high growth sector – life sciences, developed production, digital technology, defense, clean energy, finance, finance, professional and business services and creative industries. Each has a clear way of comparative advantage. Each will create work and wealth. Each will be supported by investing in billions of pounds: 86 billion pounds in research and development and expand our innovation. More capital for the English Business Bank. New generation of technical colleges. And to focus on our competitiveness of our events related to industrial electricity prices.

Do not make mistakes, these will make a change in thousands of enterprises. But most importantly, this is part of our English growth plan. We wanted a lot of work to make the foundations of the first year. But now we also received the decisions we had given us a big platform to build a more prosperous Britain. We supported English exporters by opening new markets with these three trading deals.

We radically manage the planning system. To use the potential of artificial intelligence, we have prepared a strategy for the world leader, opening a pension in order to invest, and cut in the thickness of the state regulation that prevents the building and growth. And as shown on the spending, we invest in skill, transport and infrastructure within the country.

Today’s industrial strategy is built in all this. The government represents a new stage – inherited moves away from the feeling that people can feel and update can feel. Every society will create the wealth, work and growth we need. A plan that supports the creators of the UK’s wealth. We will return the future of Britain in the partnership with them.