Industrial Strategy Debate

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Industrial Strategy

Seema Malhotra Excerpts
Monday 10th September 2012

(12 years, 2 months ago)

Commons Chamber
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Seema Malhotra Portrait Seema Malhotra (Feltham and Heston) (Lab/Co-op)
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The manufacturers’ organisation EEF has called for an industrial strategy after criticising the Government’s approach to growth so far as inconsistent, incoherent and unaccountable. It was not clear from the Secretary of State’s contribution whether tomorrow marks a step change in his industrial strategy or more of the same. Which is it?

Vince Cable Portrait Vince Cable
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We are of course dealing with a gradual evolution of policy; business wants certainty and clarity, rather than sudden changes. I return to the point I made in response to the hon. Member for Streatham: we are starting from an inherited position on the manufacturing industry that was very weak after a long period of decline. Turning that around will not be easy.