Theresa May has kicked off her search for an industrial strategy by focusing on the productivity gap between London and the rest of the UK, in effect discarding George Osborne’s emphasis on the “Northern Powerhouse”.
The prime minister chaired the first meeting of her industrial strategy committee on Tuesday afternoon, having already caused waves with an abrupt decision to review plans for an £18bn nuclear plant at Hinkley Point.
The committee, comprising the prime minister and 11 secretaries of state, is charged with building an economy that works for “everyone, not just the privileged few”.
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