The article discusses the cyclical need for emergency support in British industries, like the recent efforts for British Steelâs rescue to preserve jobs and capacity. It contrasts this situation with historical instances, particularly the 1974 intervention for the BSA plant. The author reflects on personal experiences in the financial sector, highlighting a systemic disengagement from long-term investment that prioritizes short-term gains instead. This ongoing crisis ultimately suggests that without significant changes to public policy and financial priorities, the UK risks becoming an industrial wasteland.
As a young stockbroker, I had lost a good part of my savings in carelessly buying and selling BSA shares in the hours before it became defunct.
There has been a retreat from the commitment to renewable energy, spearheaded by the right, with cheap renewable power cast as woke.
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