The Chancellor George Osbourne has published “Fixing the Foundations: Creating a more prosperous nation”, a comprehensive plan that sets the agenda for the whole of government over the parliament to reverse the UK’s long-term productivity problem and secure rising living standards and a better quality of life for our citizens.
Secretary of State for Business, Sajid Javid, launched the plan at a Speech in Birmingham.
The government’s framework for raising productivity includes 15 key areas, built around two pillars: first, encouraging long-term investment, and secondly, promoting a dynamic economy.
Secretary of State for Business, Sajid Javid, said: “This is a bold and ambitious plan, to achieve our vision of a more dynamic economy, with a business environment that fosters long-term investment, raising our living standards and become the best of all the major economies by 2030.
“The plan we are publishing today shows we are taking the decisions necessary to address issues of productivity and build a foundation for Britain’s future.”
Commenting on the plan, Maddalaine Ansell, chief executive of University Alliance – Britain’s universities for cities and regions – said: “Alliance universities have a long history of making the difference to our cities and regions – working in partnership with business and civic leaders to provide the high quality teaching and research with impact we need.
“We welcome the opportunity to take this to the next level though working with LEPs, businesses and other universities to map our regions’ research and innovation strengths and plan how to maximise these.
“As the Government rightly recognises, productivity depends on highly skilled workers. We should do everything we can to support our own people to gain these skills but this should not mean shutting the door to skilled people from overseas. We call on the Government to recognise the contribution that international students who go on to work in the UK make to our productivity. We should remove international students from the net migration figures and re-introduce the two-year post-study visa.’
Image courtesy of Foreign and Commonwealth Office