What do the leading parties say about their industrial strategy?

1 min read

This week's General Election has been overshadowed by the recent sad events in Manchester and now London. While the politicians will more than likely focus on those events, other issues remain on the table, including industrial strategy.

Here's what the two front runners include in their manifestos when it comes to industrial strategy. Neither, by the way, overtly mentions electronics.

Conservative Party:
'It is about identifying the industries that are of strategic value to our economy and supporting and promoting them through policies on trade, tax, infrastructure, skills, training, and research and development'.

'Our long-term prosperity depends upon science, technology and innovation'.

Labour Party:
'Our industrial strategy will be built on objective, measurable missions designed to address the great challenges of our times. In meeting these challenges, we will move beyond the narrow approaches of the past, and mobilise the talents and resources of our whole country to deliver an economy fit for the future'.

'For each strategic industry, the next Labour government will establish a council modelled on the highly successful Automotive Council) to oversee its future security and growth'.

Fine words from both sides, but will the winning party deliver on its promises?