Reading Time: 3 minutesAI is spreading through the UK economy, but not quickly enough. Recent UK evidence shows that around one in three firms with fewer than 50 employees adopted AI, compared with almost two in three larger businesses, while regional adoption ranged from 32% in the North East to 67% in London. What can government do to close these adoption gaps?
Putting industrial policy in its place
Reading Time: 4 minutesAfter years in economic exile, industrial policies are back in a big way. Industrial policy interventions increased 20-fold in the past decade, as governments seek to rebuild competitiveness, support emerging technologies and shore up supply chains. This is true in OECD countries, but also in developing countries which use it more intensively. Many of these are adopting a place-based approach: between 2019-22, regional industrial policy support rose by over 50% as a share of GDP in 11 OECD countries. But why?
