Britain | Spend drift

Post-Brexit Britain is splurging more on state aid

New figures show that Britain has become more European

Blast Furnace number four at the Tata Steel Port Talbot.
Photograph: Getty Images

ADVOCATES of Brexit straddled two contrasting visions of the British economy. Figures on the Thatcherite right imagined a smaller state of low taxes and lower subsidies. The Eurosceptic left hoped that junking the EU’s state-aid rulebook would allow the government to back favoured industries. Things are not going the Thatcherites’ way.

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This article appeared in the Britain section of the print edition under the headline “Shovelling subsidies”

From the December 2nd 2023 edition

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