
Merryn Talks Money The 'Boring' Industries the UK Can’t Afford to Lose
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Feb 9, 2026 Ed Conway, Sky News economics editor and author of Material World, outlines why raw materials and chemical industries are central to modern life. He highlights shrinking UK chemical capacity, the critical role of salt, ammonia and ethylene, and how high energy costs and policy choices threaten supply chains. The conversation warns of national security and industrial resilience risks while pointing to potential policy fixes.
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Physical Materials Power The Economy
- Modern economies depend on raw materials and heavy industry more than most people realise.
- Ed Conway argues physical inputs like cement, copper and chemicals are the unseen foundations for tech and services.
Visited Plants Are Closing Fast
- Ed describes visiting chemical plants, refineries and blast furnaces that have since shut down.
- He cites data showing roughly 10% of Europe's chemical production capacity disappeared in the last three years.
Basic Chemicals Are Strategic
- Basic chemicals like salt and ethylene are foundational to pharmaceuticals and surgical supplies.
- Losing domestic production threatens healthcare supply chains and resilience.




