Monday 26 September 2022

Sir Keir's Antiques Roadshow

Labour pledge to 'build British industry' through state-owned investment fund

Rachel Reeves, the shadow chancellor, will say on Monday that the proposal is a "real plan" for "growth", "the climate" and "levelling up".

In her speech later today, Rachel Reeves, the shadow chancellor, will set out the party's industrial strategy, which includes promises to invest in national projects from battery factories to clean steel plants.

She is expected to confirm that the projects would be funded by a National Wealth Fund.

Crikey - Sir Keir wants industry to follow the lead of the public sector. Reminds me of the TSR2 project for some reason.

All modern aircraft have four dimensions: Span, Length, Height and Politics. TSR2 simply got the first three right.

Sir Sydney Camm


decnine said...

"... clean steel plants ..."

Beware. Homophones are active in this location.

Sam Vega said...

A National Wealth Fund! That sounds marvellous - who could possibly object to such a thing? I would make us all richer, wouldn't it, when the profits started rolling in. And it even sounds like "National Health", which of course is the envy of the world.

As soon as I hear where they are going to get the money from to create such a fund, I'll think about giving it my wholehearted support.

Oh, and what happens if they invest in the wrong stuff, and all the money is lost.

Tammly said...

But how on earth can we have an industrial strategy devised by social workers?

decnine said...

..."Oh, and what happens if they invest in the wrong stuff, and all the money is lost..."

They will say that lessons will be learned and 'ask' us for another 'contribution'.

A K Haart said...

decnine - very active now you've written that.

Tammly - maybe we already have.

Sam and decnine - everything should be fine as long as they don't invest in anything silly such as windmills, electric car subsidies or high-speed rail networks we don't need.