Today the UK Government announced the appointment of Lord Younger as Parliamentary Under Secretary of State at the Department for Business Innovation and Skills. He will be in particular in charge of steering the Enterprise and Regulatory Reform Bill through its final stages in the House of Lords (which meets today). V. Cable remains the better known Business Secretary. From the new "gov.uk" release: "The government’s economic policy objective is to achieve ‘strong, sustainable and balanced growth that is more evenly shared across the country and between industries’. It set four ambitions in the ‘Plan for Growth’ (PDF 1.7MB), published at Budget 2011:
- To create the most competitive tax system in the G20
- To make the UK the best place in Europe to start, finance and grow a business
- To encourage investment and exports as a route to a more balanced economy
- To create a more educated workforce that is the most flexible in Europe.
Work is underway across government to achieve these ambitions, including progress on more than 250 measures as part of the Growth Review. Developing an Industrial Strategy gives new impetus to this work by providing businesses, investors and the public with more clarity about the long-term direction in which the government wants the economy to travel."
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