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Digital Subscriptions > Prospect Magazine > Jan-18 > The risks of intervention

The risks of intervention

Government must take care when making industrial policy

Attitudes towards the Brexit vote among science-based firms in the UK have gradually shifted from deep gloom at the start towards a more balanced assessment of what departure from the EU might mean and how it could be turned to the UK’s advantage. There is a view that an active industrial policy—what Theresa May has called a modern industrial strategy—could offset some or all of the disadvantages of non-EU membership. This is reflected, for example, in the recent report by John Bell, the government’s adviser on life sciences. He has suggested that Brexit, if carefully managed, could be used as a catalyst, setting in train a range of new measures that would speed the growth of the pharmaceutical industry in the UK.

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About Prospect Magazine

In Prospect’s January 2018 issue: Five writers attempt to plot the impending advances in shopping, politics, sex, food and computing through 2018. James Plunkett looks at shopping and explains how personalised prices will hand even more power to the big companies; Theo Bertram outlines why political volatility is here to stay and what it means for us; Kate Devlin argues that sex robots are only a part of the impending sexual revolution; Stephanie Boland outlines why we’ll all end up eating lab grown food; and Jay Elwes explains the next steps in our computing quantum leap. Elsewhere in the issue: Dani Rodrik uncovers the truth behind the great globalisation lie—there were always going to be losers, Iona Craig delves into the war in Yemen—the world’s worst humanitarian disaster, Chris Tilbury explains why Britain urgently needs a plan for its failing prisons
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