This belated attempt to develop a proper industrial strategy looks like too little too late – Clive Lewis

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Clive
Lewis MP, Shadow Secretary of State for Business, Energy and Industrial
Strategy,
in
advance of the publication of the Government’s industrial strategy, said:

“This belated attempt to
develop a proper industrial strategy is a step in the right direction, but once
again what the Tories are offering looks like too little too late.

“We await further detail, but
what’s been announced so far will fall far short of getting us back to where we
were in 2010, let alone equip our economy for the challenges of the 21st
Century. The £170m announced for vocational education, for example, will do little
to plug the £1.15bn hole in the Adult Skills Budget created by Tory cuts since
2010. 

“It will be a great shame if the Government
wastes this opportunity to put our economy on a new path. But they have already
watered down a series of flagship commitments, from putting workers on boards
to tackling executive pay, and there are too many people on the Tory benches
who think that the only role of Government is to deregulate markets. The
reality is that a Prime Minister who wants to turn us into a tax haven cannot
be trusted to deliver an industrial strategy.”

Recording of the week: Exotic food? Exotic through whose perspective?

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This week's selection comes from Niamh Dillon, National Life Stories Project Interviewer.

Rosamund Grant was born in Guyana and moved to London as a young woman in the 1960s.  Here she discusses challenging European stereotypes of Caribbean food and how she defines herself through her cooking.

Rosamund Grant_Not just Caribbean Stew

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The recording is part of the Food: from Source to Salespoint collection which documents changes in the production, manufacture, retail and consumption of food in Britain in the twentieth and twenty first century. 

Follow @BL_OralHistory and @soundarchive for all the latest news.

China’s 2nd most wanted economic fugitive gets life sentence

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One of China’s most wanted economic fugitives has been sentenced to life imprisonment for corruption.

Chinese police escorting Li Huabo (C), second of the list of China's '100 most wanted economic fugitives' after he arrived at Beijing Capital International Airport. May 9, 2015. [Photo / Xinhua]

Chinese police escorting Li Huabo (C), second of the list of China’s “100 most wanted economic fugitives” after he arrived at Beijing Capital International Airport. May 9, 2015. [Photo / Xinhua]

Shangrao Intermediate People’s Court on Monday awarded life imprisonment to Li Huabo, 55, the second on the list of China’s ‘100 most wanted’ economic fugitives who had fled overseas.

The former local government official from Poyang County, east China’s Jiangxi Province, was accused of embezzling 94 million yuan (about USD 14 million).

Li escaped to Singapore in 2011, where he funneled 29 million yuan (about USD 5.2 million) through Singaporean banks before fleeing the country.

He was sentenced to 15 months in jail by a Singaporean court for “dishonestly accepting stolen property” in July, 2014.

In May 2015, Li was repatriated to Beijing after serving 10 months of his sentence.

Li was the first of China’s “100 most-wanted economic criminals” to be returned from overseas.

He was repatriated as part of the “Sky Net” campaign, which aims to return corrupt officials and economic fugitives who have fled the country.

Letter to America

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Dear President Trump

I congratulate you on your installation as President. Your vision  to create more jobs, revitalise US infrastructure, boost US take home pay and inject more life into  US economic leadership is a bold one. We in the UK are also embarked on a similar task as we leave the EU. We too need to build more roads, railways, bridges, energy plants and water supply facilities. We too need to make more things for ourselves and import less to narrow our trade gap. Our two countries can indeed trade with each other more, as ours is a fair trade with a reasonable balance of imports and exports for each party.

Your proposals to produce more realistically priced energy will help restore your manufactures. Cheap energy is a vital part of a flourishing industry. Your plans to cut corporate and individual tax rates will energise entrepreneurs, spawn more investments, and allow people to keep and spend more of their earnings. That in turn creates demand which generates more jobs.  The USA in recent years has pioneered much of the digital revolution and has done well in creating more companies and jobs in technology, but has suffered from Chinese, German and Mexican imports of industrial goods which could have been made more extensively in the USA.  Tax reform, cheaper energy, a better regulatory climate and a President who supports manufacturing will make a difference.

Both the USA and the UK could benefit from an early free trade agreement between our own two countries. Fair trade  which results in a sensible balance between the trading parties can enrich and enhance both sides. If our two countries  draw one up and sign it, it will show the world that the USA is not afraid of fair trade, and it will put more weight behind the UK’s intention to be an even more successful  world trading nation open for business globally.

I was pleased to read you are planning a summit in due course with Mr Putin. The West has made mistakes in recent years with its military interventions in the Middle East. Some carefully planned joint working with Russia which also has a presence and diplomatic interests there might help achieve the important but more limited objective you have set in combatting ISIS. Past policy has suffered from conflicting and ambitious aims which have resulted in all too many civil and religious wars in the region.

The UK and the US can make common cause to strengthen NATO for our mutual defence. As one of the few countries that does hit the minimum 2% GDP target for defence spending, the UK is a natural ally in your campaign to get all NATO members to spend at least the minimum. If I tried only paying a portion of the insurance premium I owe to insure my home the insurance company would cancel the cover. Why are countries that want their allies support any different if there is a minimum? The EU does not allow its members to pay a lower subscription, and none of our EU friends short change the Commission.

I am pleased our Prime Minister will visit on Friday. There is plenty of scope to increase our joint working on intelligence, defence, trade, economic policy and general foreign policy. I wish you every success in tackling the problems in the USA that you have identified.

Yours etc