The Government’s industrial strategy appears to feature the following elements:
• Stricter merger and acquisition rules, with more emphasis on a ‘public-interest test’ for foreign take-overs
• New corporate governance structures, including consumer and employee representation on boards, and greater transparency around executive pay
• Continued work towards higher productivity, including through the development of the science and research base in the UK
• Delivery of infrastructure projects
• Increased house-building
• Continued support for regional development of cities and other economic areas outside London
What about BREXIT?
In common with almost all areas of Government policy, industrial strategy could be radically altered by the UK’s decision to leave the EU.
Aspects of industrial policy that could see particularly significant changes include the application of State Aid rules, trade and the labour market.
