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Industrial Strategy

Part of Laser Misuse (Vehicles) Bill [Lords] (Programme) – in the House of Commons at 4:19 pm on 18th April 2018.

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Photo of Rebecca Long-Bailey Rebecca Long-Bailey Shadow Secretary of State for Business, Energy and Industrial Strategy, Member, Labour Party National Executive Committee 4:19 pm, 18th April 2018

I will make some progress as I am coming to the end of my comments.

One of the key responsibilities of any Government is to deliver the best quality of life to every single person in Britain, and this Government have failed to do that. Labour knows that key to that responsibility is the delivery of a truly prosperous, ambitious and locally focused industrial strategy. We see a fourth industrial revolution that, with bold and focused Government investment and support, presents an opportunity for Britain to harness the power of technological and scientific innovation to achieve higher productivity and high-paid, high-skilled jobs in an employment landscape that values and protects workers.

We also see the need for an economic model that deals with the big issues of our time, and the need to build an economy around missions so that we not only lead the world economically in these areas but deliver real social and economic benefits to our people. We recognise that industrial strategy must be a true collaboration between business, the Government and society, not a wild west that picks winners and losers, that pits region against region and that leaves businesses and workers to fend for themselves in a dog-eat-dog economy in which only the largest and most powerful survive.

That is the economy that Labour Members are intent on building but, sadly, it is not the economy that the Government are building. Although I am fiercely adamant that industrial strategy should not be political, from what I have seen so far from this Government, until we get a Labour Government we will not see an industrial strategy.