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Devolution and Growth Across Britain

Part of the debate – in the House of Commons at 2:17 pm on 3rd June 2015.

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Photo of Sajid Javid Sajid Javid The Secretary of State for Business, Innovation and Skills 2:17 pm, 3rd June 2015

The hon. Lady will know that productivity has been a challenge in our country for many, many years, and it is this Government who have been doing something about it. Her hon. Friend the Member for Streatham referred to the automotive industry. Productivity in the British automotive industry has grown significantly over the last five years, which has led to record sales both at home and abroad. Productivity is something we will continue to work on, but one thing I am sure of is that had we adopted the policies advocated by her party, productivity would be a lot worse in this country.

Our job is far from done. The enterprise Bill will enable us to save businesses at least £10 billion over this Parliament. Regulators will have to report their own compliance with better regulation requirements—a clear incentive to think carefully about the needs of business. More small businesses will be able to benefit from “primary authority”, stopping the cost and hassle of obeying multiple masters and allowing companies to focus on what matters: serving their customers and growing.