The Government’S Productivity Plan

Part of the debate – in the House of Commons at 3:18 pm on 28th February 2017.

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Photo of George Kerevan George Kerevan Scottish National Party, East Lothian 3:18 pm, 28th February 2017

On that point, there is perhaps a third reason why manufacturing areas such as hers find it difficult to compete with European levels of productivity, which is that we have a very small equity market for medium-scale industrial firms. They have to rely on bank financing, which is very inefficient. In the United States and Germany, firms can get equity funding, and it is much easier for medium-sized manufacturers to expand.