Business: Competition

HM Treasury written question – answered on 18th April 2017.

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Photo of Dominic Raab Dominic Raab Conservative, Esher and Walton

To ask Mr Chancellor of the Exchequer, what measures he is taking to improve the UK's economic competitiveness.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

In any modern economy improving competitiveness means boosting productivity, as it is the key long-term driver of economic prospects. This government has taken significant steps to tackle this issue, investing an additional £23bn in areas crucial to productivity through the National Productivity Investment Fund. At budget we went further, providing an additional £500m per year of spending to support improvements in technical education.

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