Guardian (Elloitt) - Britain's industrialists today called for an era of smart interventionism to build up the country's manufacturing base as they warned that tough measures would be needed to wean the economy off debt-dominated growth. Launching a manifesto for manufacturing, the EEF said that an incoming government should boost research into new "green" industries and identify growth sectors such as healthcare and aerospace.The paper calls for the next government to apply themselves to creating a world-class business environment based around several pillars, including flexible labour markets, a modern tax system that does not burden productive companies with the cost fiscal consolidation, a simplification of the skills system and prioritising resources for Science, Technology, Engineering and Maths (STEM) in schools, investing in innovation – partly by establishing a single source of finance (an industrial bank) to support growth companies, a better energy mix and long term energy price stability, more efficient business support and lighter regulation.
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