(7 years, 10 months ago)
Commons ChamberI am pleased to follow the shadow Minister. I was enjoying her speech, until it all seemed to go a bit wrong towards the end. Where I finished listening was where she said that she welcomed the Government’s initiative to have an industrial strategy. I am grateful to the Backbench Business Committee for providing time for the debate and to everyone who has had the opportunity to speak.
I take from the hon. Member for Aberdeen North (Kirsty Blackman) what she said at the beginning of her speech, which was that, basically, everyone had a different interpretation of what industrial strategy was all about. I do not think there is anything wrong with that. That is the purpose of this debate: to provide an opportunity for everyone in the Chamber who indicated a wish to speak to give their take on an industrial strategy.
I would go back one step further. I look forward to reading the book by the hon. Member for East Lothian (George Kerevan) when it finally comes out—I am sure that it will be selling round the corners. Until that time, I recommend anyone to read the book by Lawrence Freedman, “Strategy: a History”. It is important for us all to return to the definition of strategy. The shortest, most precise definition that I have come across is to get the furthest with the most. I do not think that is a bad foundation for this debate.
I would like to refer to my very good friend, my hon. Friend the Member for Bedford (Richard Fuller). I am sure that the House would agree that he was enjoying his speech far too much. He put a spanner in the works of otherwise consensual and positive debate with his desire to hold to the philosophy of a free-for-all—everything is for the best in the best possible world. I hope that he will come around to welcoming the pragmatic opportunities provided by the initiative that, through the Minister, is being formed. Discussion papers are being written. We are again going to be able to have our say, I hope. This matter will come back to the House for further debate. None the less, I imagine that all Members would agree that it is better to have this debate now.
I much enjoyed the hon. Gentleman’s speech and agree with what he is saying, but the point that has not been answered is my point: low wages and flooding the market with cheap labour does not help investment. It keeps productivity at low levels. If we are going to see high investment in modern technology, we need to raise wages and stop flooding the market with cheap labour.
I thank the hon. Gentleman for that intervention, but I suggest that a proper and full industrial strategy that looks at issues such as productivity would take those issues into account.
I thank all hon. Members on both sides of the House for their contributions, and I express my appreciation to the Chair of the Business, Energy and Industrial Strategy Committee for the work that it is doing on the issue.
Question put and agreed to.
Resolved,
That this House has considered industrial strategy.
Intelligence and Security Committee
Ordered,
That Richard Benyon and Mr David Hanson be appointed to the Intelligence and Security Committee of Parliament under section 1 of the Justice and Security Act 2013 in place of Sir Alan Duncan who ceased in accordance with paragraph 1(2)(b) of Schedule 1 to that Act to be a member of the Committee when he became a Minister of the Crown and Mr George Howarth who has resigned as a member of the Committee in accordance with paragraph 1(3)(a) of Schedule 1 to that Act.—(Michael Ellis.)
(11 years, 9 months ago)
Commons Chamber All I will say is that energy and how we deliver on an energy strategy must be part of any industrial policy.
One of the most pressing concerns for manufacturing is access to finance. At meetings of the all-party group and with constituents, bank lending is a theme we return to time and time again. We must consider closely how we will reform our banking system for the benefit of our manufacturers, which must be a key part of our industrial policy.
Skills are another area that the Government must consider and I welcome the work that has already been done, particularly on apprenticeships. They are giving more young people the chance to learn skills in some of our excellent educational facilities—not least Warwickshire college in my constituency. We need to do more to strengthen the whole curriculum, however, so that it supports our economy, particularly by supporting science, technology, engineering and maths—the STEM subjects —at primary and secondary schools. We also need to look at apprenticeships so that we have more of the higher level apprenticeships our country needs to compete with other rapidly upskilling economies.
The hon. Gentleman is talking about the importance of education and training. Is he not concerned that every year we have to import tens of thousands of qualified engineers from abroad because we cannot produce enough through our own educational system even for our diminished manufacturing sector?
Yes, I share that concern. It is incumbent on the House and on partners with an interest in manufacturing and industry to spread the news and create a greater awareness of jobs in industry. It is a matter of attracting people to those jobs, and our education system has a great part to play in that. That brings us back to the question asked by my hon. Friend the Member for Burnley (Gordon Birtwistle).
The Government have also rightly focused on infrastructure, on which the UK needs to improve, and a comprehensive industrial policy would seek to address that problem. A modern industrial policy must work to increase investment, by providing the right incentives and ensuring that the allowances and tax breaks make the UK one of the most attractive places in the world to do business.
Of course, an industrial policy should also consider other areas such as research and development, energy, procurement and export support, but I believe that the most crucial thing is that we should act swiftly to work on building a new industrial policy. Sector strategies are useful, but the main obstacles to UK manufacturing are at a national level.
If I may, I will continue.
A strong manufacturing ecosystem cannot depend on a few favoured industries but must see the whole of industry succeed. We have an historic opportunity over the next few years to develop consensus on a policy that our country desperately needs, working across political boundaries with business, trade unions and policy experts. I hope the Government will take the opportunity to do that, enabling manufacturing to be the engine of the UK economy once again and putting our country back on the path of sustainable and balanced long-term growth.