“For 13 years Conservative underinvestment has driven manufacturers out of Britain, with well-paid jobs in steel and other industries offshored to our overseas competitors. But the mask has slipped and only now are the Prime Minister and the Chancellor admitting that the Conservatives are ideologically and actively opposed to investing in the critical sectors that form the backbone or our economy.
The US President is introducing the Inflation Reduction Act to secure investment in America’s modern manufacturing, while governments across Europe are investing billions in greening their steel plants so that they are ready to take advantage of growing global demand and are resilient against the unpredictable actions of Russia and China. The game has changed, yet the Conservatives are not even on the pitch.
Thankfully the cavalry is coming with Labour. Labour’s Shadow Chancellor has now made industrial strategy the centrepiece of her ‘securonomics’ philosophy – a recognition that, in this turbulent world, the government must partner with businesses to make, buy and sell more in Britain, beginning with Labour’s £3bn investment in Green Steel.”
Read my full comments in The Mirror below:
Tories have ‘murdered’ manufacturing says union leader amid fury at missing plan – Mirror Online