Oral QuestionDepartment for Business and Trade

What recent progress his Department has made on introducing an industrial strategy.

Tabled: 27 August 2024Answered: 5 September 2024

Asked by

Rachel Hopkins

LabourLuton South and South Bedfordshire

Answering Minister

the Secretary of State for Business and Trade

Answer from Hansard

The Secretary of State for Business and Trade (Jonathan Reynolds)

It is lovely to see you in the Chair, Madam Deputy Speaker, and it is great to see so much interest in the industrial strategy from my hon. Friends. However, I believe Members in all parts of the House can and should support the strategy, and we will seek to make cross-party arrangements. The need is great. We must improve on the UK’s poor business investment performance, which has been the lowest in the G7 for some time. We must recognise that so much chopping and changing of policy in recent years has been to our detriment. That will come to an end under this Government and this industrial strategy.