The Growth Plan Debate

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Department: HM Treasury
Friday 23rd September 2022

(1 year, 9 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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I am glad to hear the hon. Gentleman’s optimistic assessment of my growth plan, but he is entirely wrong. What we have to do is focus on growth. That is what we are doing and that is what we will be delivering.

Greg Clark Portrait Greg Clark (Tunbridge Wells) (Con)
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I welcome my right hon. Friend’s statement. He is absolutely right to focus the Treasury on growth. One of the most important sources of that is to build on our excellence in science and innovation. Will he say whether he is still committed to reaching the 2.4% international average for research and development investment by 2027 and to achieve his target of £20 billion by the end of this Parliament?

Kwasi Kwarteng Portrait Kwasi Kwarteng
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I pay tribute to my right hon. Friend’s tenure in the Department for Business, Energy and Industrial Strategy. He was a great Secretary of State who really championed science. I tried to do the same in that post. I look forward to engaging with him on the science agenda going forward.