Whereas a lot of left wing people seem to want industrial policy to fix regional inequality by employing low skilled people who can’t get a good job in professional services and that isn’t possible. Manufacturing is a job for Cambridge Engineering PHDs now.

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It’s very important to internalise that manufacturing has not been in decline since 1950, manufacturing *employment* has been in decline since 1950 and much of the decline happened when output growth was strongest.

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My ‘theory of growth’ is that we should stop experiencing negative supply shocks.

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I love some of the replies to this being "and how will this improve our lives?" when the response is "you know the thing that it says will stop happening? That."

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Ospreys have sold out their first game at new stadium St Helens... Here's to more, and a nice (rare) bit of good news for the regions.

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