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The Conversation
The Conversation
Phil Tomlinson, Professor of Industrial Strategy, Co-Director Centre for Governance, Regulation and Industrial Strategy (CGR&IS), University of Bath

New industrial strategy brings Rachel Reeves’ securonomics to life – but will it protect Britain from more supply chain shocks?

Peter Titmuss/Shutterstock

Brexit, COVID, the war in Ukraine and now Trump’s tariffs have all highlighted how vulnerable life in the UK is to disruptions in trade. Everyday items that people rely on can be subject to major shortages, delays and price rises, due to something as simple as a ship getting stuck in a canal.

This is because the UK is hugely reliant on other countries to provide much of what it needs. Medical supplies, cars, electronics and fruit are just a few of Britain’s favourite things that it tends to buy in from elsewhere.

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