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Financial Times — World — Strategic Economic Thinking — Torsten Bell — Global Economy — Uk Politics & Policy

What Britain should learn from Biden’s IRA plan

The Inflation Reduction Act offers an example of strategic economic thinking for the UK to consider in order to tackle global and domestic economies.

1 min read
  • Biden's Inflation Reduction Act offers an example of strategic thinking for the UK to consider.
  • The UK needs to sort out its industrial policy with regards to net zero and focus efforts.
  • The UK should prioritize green technologies where economies of scale are smaller.
  • The UK should consider taking advantage of cheaper prices and more resilient supply chains from US and EU subsidies.
  • The UK must not ignore it's long established advantages from beverages to aerospace.
What Britain should learn from Biden’s IRA plan
Like or loath the ‘protectionist’ Inflation Reduction Act’s green subsidies, America offers an example of strategic thinking
Financial TimesTorsten Bell

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