Iain Wright
The received wisdom is that industrial strategy has been out of fashion since the 1970s. That’s untrue: in the 1980s, Michael Heseltine pursued an interventionist policy at odds with the Thatcherite economic view. Since the financial crisis of 2008, successive governments have accepted a more interventionist role for the state. Industrial strategy has been fashionable now for a decade. Whether it has achieved its intentions is another matter.