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Economic recovery must be priority, says business


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Ian McConnell: Bold Scottish industrial policy requires grown-up politicians


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The focus must be on how to preserve the Ferguson yard and jobs, whatever happens from here Picture: Jamie Simpson
By Ian McConnell
A “MUCH more ambitious” industrial policy was one of the big ideas included in the recent Hunter Foundation-commissioned report examining how Scotland’s economic growth rate might be raised, and it looks well worth pursuing.
However, one big question on this front is whether, if the type of large-scale state intervention suggested as an option is adopted, politicians across the spectrum can be grown-up enough when this leads to failures as well as successes to deal with this constructively. After all, some failures seem inevitable when trying to boost the economy by picking future winners, whether this is through backing specific companies or broader sectors or technological niches. ....

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