Source: Foundation for Economic Education
by Eliot Wilson
“The Government’s approach to the UK’s steel industry has always looked like a cross between inveterate, unshakeable optimism and the panicked thrashings of a drowning man clutching for a flotation aid. An extremely charitable observer would argue that the Government had always had a very clear aim: to preserve Britain’s steel industry in order to safeguard employment in the sector and to provide resilience in manufacturing a product vital for growth and security. A more cynical mind might counter that someone who makes a wish as a penny is flipped down a well has a very clear aim. Without a practical, sustainable and realistic plan to achieve that aim, such airy, wouldn’t-it-be-nice ambitions are politically worthless at best.” (03/22/26)
https://fee.org/articles/tariffs-will-not-save-britains-steel-industry/