Reindustrialisation: Can Labour rebuild British manufacturing?

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Is Labour’s promise of reindustrialisation realistic for the UK economy? Dominic O’Connell explores the future of British manufacturing. In his speech to the Labour Party conference, Chancellor John Healey promised "a new age of industrialisation". But with UK manufacturing output stagnant and England losing over 6,000 manufacturing businesses in the past five years according to the Office for National Statistics, can government fiscal policy turn the tide? In this episode of The Business, Dominic O’Connell considers whether genuine reindustrialisation is possible, as well as the obstacles in the way including the impact of high energy costs, skills shortages and the global impact of…