The Government’S Productivity Plan

Part of the debate – in the House of Commons at 2:38 pm on 28th February 2017.

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Photo of Michelle Thomson Michelle Thomson Independent, Edinburgh West 2:38 pm, 28th February 2017

My hon. Friend is making an excellent speech. I concur with what he is suggesting about entrepreneurs—our wealth creators—being given both the framework to succeed and the framework to fail. Does he agree that this is about looking at not just our innovation structures, but at more systemic issues such as banking? When a small business does fail, it is often hauled over the coals and loses absolutely everything, so we fundamentally need to change some of the ways in which we do business in this country.