Article 29VRQ Theresa May’s industrial plan signals shift to more state intervention

Theresa May’s industrial plan signals shift to more state intervention

by
Rowena Mason and Peter Walker
from on (#29VRQ)

Prime minister's offer of support to five key sectors will exploit post-Brexit lifting of EU state aid rules

Theresa May is to signal an era of greater state intervention in the economy as she launches her industrial strategy with a promise of "sector deals", a new system of technical education and better infrastructure.

The prime minister will publish the strategy at a cabinet meeting in the north-west of England, naming five sectors that could receive special government support: life sciences, low-carbon-emission vehicles, industrial digitalisation, the creative sector and nuclear industry.

Related: 'Northern powerhouse' to get 556m boost amid warnings of east-west divide

Related: Hurrah for the industrial strategy. At last Britain has a plan

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