FIRST AIRED: August 3, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

World

May plans assertive UK industrial policy

Opening sequence

Opening sequence

World

May plans assertive UK industrial policy

0:00
16:31
More Info

COMING UP:May plans assertive UK industrial policy

×

Transcript

00:00:00
>> This building site could be the first victim of an assertive new industrial policy in Britain. The government reviewing the construction of a nuclear power plant at Hinkley Point in Western England. On Tuesday, new Prime Minister Theresa May will give more detail on her plans to get involved in shaping British industry.
00:00:17
She's due to chair the inaugural meeting of the new cabinet committee on economy and industrial strategy. It's intended to come up with policies that will help businesses grow. May says, it's necessary to make sure the country gets the best out of Brexit. Details on the policy's scarce, but ministers say, it will focus on successful sectors like aerospace and automotive firms.
00:00:39
The move revives a concept killed off by Margaret Thatcher in the 1980s. She saw industrial intervention as fruitless after many firms backed by the government ran into difficulty. With recent data pointing to a probable recession, the new look industrial policy could have a lot riding on it.