Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department has taken to develop a long-term strategy for business growth after the UK's decision to leave the EU.
We are creating a business environment that supports growth and encourages long-term investment; as well as a dynamic economy with open and competitive markets. This has included backing business by cutting corporation tax to 17% by 2020, slashing red tape by a further £10 billion and major investments in the UK’s research infrastructure.
We are also in the process of developing an Industrial Strategy that will embrace the opportunities of our new global role and upgrade our economy so it works for everyone. We will work with the breadth of British industry, local leaders, innovators, employees and consumers to deliver a successful strategy and create the conditions for future success.