Economic Growth

(asked on 17th July 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps to increase economic growth across the UK his Department has taken as a direct result of the UK's decision to leave the EU.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 20th July 2017

We are confident that we will be able to deliver a good deal for the UK via the Brexit negotiations.

The government is committed to driving growth in the economy and raising long run living standards, and is always looking at ways to achieve this. For example, we have established of a National Productivity Investment Fund targeted at the productivity-critical areas of transport, R&D, housing and digital communications; the Industrial Strategy Challenge Fund to support research and innovation in universities and businesses, and committed £400 million through the British Business Bank to invest in growing innovative firms with potential for growth, providing the finance that they need to expand. The Government is also making sure that young people have the skills that British businesses need through the reform of the technical education system and the introduction of T-levels.

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