The UK’s political conversation is almost entirely focused on how to find money and how to spend it. We debate taxes, borrowing and public service budgets while neglecting the economy that generates the money in the first place. Our golden goose is starving.
This essay draws on my experience working with deindustrialised communities in Scotland and with economic development programmes in Africa to argue that the UK’s pattern of industrial collapse is a fractal one, at risk of repeating at every scale from individual towns to entire regions. I also argue that Brexit was a genuine economic experiment that was never conducted.
I conclude with six conversations that politicians and government leaders should be having more openly: about which industries to protect, national resilience, energy prices, industrial policy tools, the unintended consequences of Net Zero, and the frameworks that prevent strategic economic decision-making.