Michael Gove says a Leave vote would mean the UK is able to more flexibly intervene in failing sectors

Mark Sands
Follow Mark
Michael Gove Departs His London Home
Is justice secretary Michael Gove preparing for a more interventionist approach to failing industries? (Source: Getty)

Justice secretary Michael Gove has pointed to an increased ability to bail out failing sectors as an important side-effect of a Leave vote next week.

Speaking to Share Radio, Gove said that Brexit would free up policymakers to launch more effective interventions.

“I am not a great fan of government picking winners or state aid but sometimes it is necessary to support industries through troubled times and of course the government is doing, even as we speak at the moment, a significant amount to try to help the steel workers in Port Talbot," he said.

Read More: Steel crisis: Soubry slammed for saying steel sector not free market

“Were we outside the European Union, then we would have more flexibility."

It comes as the government is currently in discussions over support for the UK's steel industry, having previously mooted funding a 25 per cent stake in Port Talbot steelworks in support of a new buyer.

Related articles