It's also worth considering that certain industries (fisheries and agriculture for instance) are subsidised. It's in our national interest to maintain production capacity, so profits are the least of our concerns. Both the UK and the EU's agricultural sectors are heavily subsidised mainly for this reason. It's cheaper to import than to produce locally, especially with our environmental standards and targets, but we need to keep producing. More so in the current geopolitical climate.
And whilst nobody wants to risk being starved to submission, it's also equally important to promote more profitable sectors, and tax accordingly, so that we can support our more strategic sectors. I wouldn't say we're doing a good job at that for what its worth.
And whilst nobody wants to risk being starved to submission, it's also equally important to promote more profitable sectors, and tax accordingly, so that we can support our more strategic sectors. I wouldn't say we're doing a good job at that for what its worth.