Would Tim have rescued Rolls Royce in the seventies?
I agree with the broad thrust of this article, but sometimes Whitehall DOES know best. For example, the government rescued Rolls Royce's aeroengines business in 1971, secured its new fanjet tech which forms the basis of most airliner engines today, and kept a big mainstay of British industry going. Was this wrong? Should we avoid rescuing future Rolls Royces (a gold mine) for fear we are actually rescuing future British Leylands (a money pit)?