<h2>Hi</h2>

Intervention in industry is a flawed strategy

1 Nov 2012 12:11 PM
Deregulation not government intervention is the solution to industrial growth

Commenting on Lord Heseltine’s new growth report, Prof Philip Booth, Editorial Director at the Institute of Economic Affairs, said:
 


“Close collaboration between government and industrial leaders would be a dismal failure. It is a recipe for corporatism and restricting competition, and consequently growth. Current areas of close cooperation between business and government – the banking and energy sectors – are testament to how damaging this can be.
 


“We need to deregulate all businesses and lower taxes, not pick winners. Whilst some of Heseltine’s policies are a nod in this direction, a number of wrong conclusions are also drawn from false premises.”
 

Notes to Editors

To arrange an interview with an IEA spokesperson, please contact Stephanie Lis, Communications Officer: 07766 221 268.

The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.