> Decades of underinvestment — Britain consistently invests less than France, Germany and the US — and low productivity growth have left British companies scrambling to compete with the more modern and efficient facilities elsewhere in Europe and Asia.
‘Twas ever thus.
I’ve defended the government many times on the success of the CfD regime and the rollout of offshore wind in the UK. But I absolutely agree with this article that the accompanying industrial strategy has been non-existent.
One argument has been that taxpayers shouldn’t be burdened with extra costs because invariably it will be more expensive to manufacture in the UK both because of startup costs, economies of scale and yes, UK labour costs. However, we are already supporting revenues with taxpayer money so why not extend the support a bit further?
A massive failure.
While on the one hand foreign investment can help the UK economy, it shouldn’t be a disadvantageous to the British people. This looks like it is.
Wind turbines require large amounts of oil to lubricate which requires changing every so often. The blades are non-recyclable and end up buried. Not to mention when the wind stops blowing. They’re also an eyesore and kill many birds.
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> Decades of underinvestment — Britain consistently invests less than France, Germany and the US — and low productivity growth have left British companies scrambling to compete with the more modern and efficient facilities elsewhere in Europe and Asia.
‘Twas ever thus.
I’ve defended the government many times on the success of the CfD regime and the rollout of offshore wind in the UK. But I absolutely agree with this article that the accompanying industrial strategy has been non-existent.
One argument has been that taxpayers shouldn’t be burdened with extra costs because invariably it will be more expensive to manufacture in the UK both because of startup costs, economies of scale and yes, UK labour costs. However, we are already supporting revenues with taxpayer money so why not extend the support a bit further?
A massive failure.
While on the one hand foreign investment can help the UK economy, it shouldn’t be a disadvantageous to the British people. This looks like it is.
Wind turbines require large amounts of oil to lubricate which requires changing every so often. The blades are non-recyclable and end up buried. Not to mention when the wind stops blowing. They’re also an eyesore and kill many birds.