Question

To ask the Secretary of State for Business, Innovation and Skills, what steps he has taken to promote increased long-term share ownership in UK businesses; and if he will make a statement.

The Government is considering what further steps would be appropriate to encourage a culture of long-term investment on the part of UK companies and their shareholders. This is important in driving UK productivity and ensuring sustainable economic growth.

We will seek to build on significant progress made in the last Parliament, which included improvements to corporate reporting, and work with companies and investors to encourage the development of good practice for shareholder engagement and stewardship.