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UK Competitiveness

Volume 447: debated on Tuesday 20 June 2006

To ask the Chancellor of the Exchequer what recent steps he has taken to improve UK competitiveness. (77984)

The Budget report provided an assessment of all areas of the UK economy, and action needed by Government to provide the right environment for businesses competing in the global environment.

The Government’s strategy for advancing productivity growth is based, first on providing macroeconomic stability to allow firms and individuals to invest in the future, and second, on making microeconomic reforms to ensure that markets function efficiently and that barriers to productivity growth are tackled.