Rishi Sunak needs to grasp that 'smart subsidy' is what is powering our global rivals
to express regret for nearly flushing our economy down the toilet was pretty breathtaking.
At the same time, he ditched a planned industrial strategy document and even hinted that he wanted the phrase removed from the title of his Department for Business, Energy and Industrial Strategy . The idea, of a Government directly having a role in boosting key sectors in a co-ordinated way, began to die a death.
The more worrying problem is that in an era of a global clean tech arms race, when long-term signals are crucial for those wanting to invest in the UK, there is no one department that combines expertise in net zero, manufacturing and business needs.
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