John Bachelor
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johndbachelor.bsky.social
John Bachelor
@johndbachelor.bsky.social
Finally, we note the peculiar omission of businesses from the Green Paper's theory of change, arguing that industrial strategy should explicitly aim to enable the next generation of world-leading British firms.
November 29, 2024 at 9:22 AM
Industrial strategy will only succeed if it is reflected in decisions made across government.

To aid this, the Industrial Strategy Council should be empowered to respond to major announcements, particularly Fiscal Events.
November 29, 2024 at 9:22 AM
It's good to see the Green Paper's focus on removing barriers.

UK Day One's growth survey highlighted reforms in planning, energy, high-skilled migration, and the UK’s trade relationship with the EU as priorities.
November 29, 2024 at 9:22 AM
When it comes to choosing subsectors, we suggest that AI and advanced nuclear technologies are particularly strong candidates

Julia has a piece with Haydn Belfield and Tom Milton on AI Industrial Strategy, which is worth checking out.

https://ukdayone.org/briefings/ai-industrial-strategy
AI Industrial Strategy: A Plan for “Intelligence Too Cheap to Meter” - UK Day One
ukdayone.org
November 29, 2024 at 9:22 AM
Industrial strategy is critically important to strengthen the UK's national security.

Therefore, we recommend that the Chancellor of the Duchy of Lancaster plays a role in industrial strategy governance.
November 29, 2024 at 9:22 AM
Government also needs better analysis. Secondments from regulators or the financial sector are a quick way to boost capacity.
November 29, 2024 at 9:22 AM
We can also learn from the approach adopted by ARIA, empowering 'Programme Managers' to place bets within priority subsectors and technologies.
November 29, 2024 at 9:22 AM
Government should make the most of external experts.

The model adopted for the AI sector, bringing in an outside expert in Matt Clifford to draft a sector plan could be replicated for other sectors.
November 29, 2024 at 9:22 AM
Industrial strategy is a skill that government needs to learn. To succeed, the British state must adopt an approach that, by many measures, it is not yet fully equipped to deliver.

If we fail to build capacity, government is vulnerable to capture by powerful incumbents.
November 29, 2024 at 9:22 AM