Topical Questions

Part of Business, Energy and Industrial Strategy – in the House of Commons at 12:00 am on 7th November 2017.

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Photo of Greg Clark Greg Clark The Secretary of State for Business, Energy and Industrial Strategy 12:00 am, 7th November 2017

I am grateful to my hon. Friend for that question, because the history and reputation of this country during the past 100 years, and especially during the past decade, has been based on having in this country a system of vigorous competition in which businesses compete not because they are guaranteed a position by the state but because they face pressure from competitors. That has introduced extraordinary prosperity that would be thrown away were we to adopt a different system, such as that proposed 100 years ago.