Plans to rebalance the U.K.'s industrial economy should aim to support areas where the strongest output can be achieved, Hugo Bessis at Oxford Economics says in a note. Andy Burnham, the likely contender to replace Keir Starmer as U.K. prime minister, recently outlined plans for stronger public intervention in the economy and deeper devolution of power. This drive for "good growth in every postcode" gives fresh impetus for U.K. industry, but should be targeted in places with the strongest potential to drive growth, such as London, Reading, Cambridge, and Manchester, Bessis says. "Indeed, good growth in every postcode should be better defined as ensuring prosperity and opportunity can reach everywhere, as opposed to economic activity itself being everywhere," he says. (don.forbes@wsj.com)