Industrial Strategy Consultation

Part of the debate – in the House of Commons at 4:46 pm on 23 January 2017.

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Photo of Iain Wright Iain Wright Chair, Education, Skills and the Economy Sub-Committee, Chair, Business and Trade Committee, Chair, Education, Skills and the Economy Sub-Committee, Chair, Business and Trade Committee 4:46, 23 January 2017

I warmly welcome and support the Government’s endorsement of a long-term, interventionist industrial strategy. I hope the strategy will play an active role in ensuring that workers are upskilled and receive higher wages and that British firms can scale up and become more enterprising, more competitive and more productive.

What is different this time from previous iterations of industrial strategy, including industrial strategies for which he was a Cabinet Minister? What will be the short-term, medium-term and long-term metrics by which the success or failure of this industrial strategy will be evaluated?