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Thirdly, the budget should recognise that Britain is falling behind in the race to develop the low-carbon industrial sectors of the future.
For example, health, nonstop improving of skills and entertainment may prove to be the growth sectors of the future – and main job providers.
Corbyn outlined his policy last month, saying: "The 'rebalancing' I have talked about here today means rebalancing away from finance towards the high-growth, sustainable sectors of the future.
RBS and Lloyds could be used now as a motor of growth and investment to reshape the economy, channelling lending to infrastructure, the sectors of the future and public housebuilding.
For that to happen, the state needs a new national investment bank, and to use it to channel funds into traditional manufacturing sectors – such as engineering, and food and drink – where they need modernising, and to identify the growth sectors of the future.
Funds that focus on creating the job sectors of the future will do very well.
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At the invitation of Secretary of State Condoleezza Rice and Secretary of Education Margaret Spellings, MIT President Susan Hockfield is meeting with higher education leaders from around the nation today to discuss the need for government to work collaboratively with the non-governmental sector on the future of U.S. higher education in the global arena.
Who will lead the social care sector of the future?
Communications is the industry sector of the future and it would benefit from a convergence of regulatory approaches.
"Politics is the bread of the people in this country," said Samir Ashi, the director of the youth outreach sector of the Future Movement, the party of the new prime minister, Saad Hariri.
This suggests that, rather than pushing companies to explore some new area which the government in its wisdom or folly has decided is the sector of the future, industrial policy should encourage competition instead, thus reducing firms' tendency to seek out less contested arenas.Does this work in practice?
More suggestions(15)
professions of the future
governments of the future
professionals of the future
infrastructures of the future
institutions of the future
fields of the future
economies of the future
enterprises of the future
sections of the future
governance of the future
sectors of the housing
sectors of the market
sectors of the tech
sectors of the population
sectors of the community
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Justyna Jupowicz-Kozak
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