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UK Competitiveness

Volume 464: debated on Thursday 11 October 2007

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what steps he plans to take to improve UK competitiveness. (156885)

The Government are committed to achieving continued long-term improvements in UK competitiveness, through raising long-term productivity growth and thereby reducing the productivity gap with our international competitors.

This week's pre-Budget report and comprehensive spending review illustrate that continued commitment with policies aimed at improving performance through the five drivers of productivity: investment, innovation, skills, enterprise and competition. These include increased investment in higher education and skills, continued development of a world-class science base and simplifications of the tax system.

This is underpinned by the Government's commitment to maintaining macroeconomic stability, which provides firms and individuals with the certainty needed to invest for the future.