UK industrial policy examined by MPs
21 December 2023
MPs on the cross-party Business and Trade Committee launches a work programme to examine the Government’s approach to industrial policy.
Covering a wide range of industries, the programme will result in a series of reports recommending ways in which the Government can maximise the UK’s advantages and ensure the future health of the UK economy.
The inquiry considers the five growth sectors (advanced manufacturing, green industries, life science, creative industries and digital technologies) identified by the Chancellor of the Exchequer in this year’s Autumn Statement. Industrial policies focused on enhancing economic security and those geared towards the country’s 2050 net zero goal will also be prominent elements of the programme.
MPs call for evidence from experts and those working in industry before Monday 29 January. Responses can be submitted on the Committee’s inquiry page.
Committee Chair, Liam Byrne, said, “If we’re to boost Britain’s growth, we’re going to need to compete harder in a world re-shaped by Bidenomics, Beijing and Brussels.
“Yet not only does the race to net zero provide new opportunities for new industries and new jobs, so does the new imperative of strengthening our national economic security.
“Both our prosperity and our security now rest on burnishing a new relationship between government and business, and this ambitious new inquiry will help us test whether ministers have it right - and where change is needed.”
Further information
- Business and Trade Committee
- About Parliament: Select committees
- Visiting Parliament: Watch committees
Image: UK Parliament/Tyler Allicock