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UK’s ‘haphazard’ industrial policy needs to change due to US, EU subsidy push, manufacturers say

By Jakub Krupa ( May 9, 2023, 16:08 GMT | Insight) -- UK manufacturers have urged the government to urgently draft an industrial strategy to compete with green investment plans in the US and EU and adopt a more streamlined approach to regulation. Make UK, a manufacturers’ lobby group, said it wants to avoid "being squeezed between the US Inflation Reduction Act alongside the EU’s Green Deal Industrial Plan" when fighting for investment in emerging greener industries. It is also asking the government to drop its "haphazard" approach to regulation.UK manufacturers have urged the government to urgently draft an industrial strategy to compete with green investment plans in the US and EU and adopt a more streamlined approach to regulation....

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