This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
“We believe that the UK’s business-led, self-regulatory model, as set out in the Davies Review, is the best approach for us. We will now consider…
“We believe that the UK’s business-led, self-regulatory model, as set out in the Davies Review, is the best approach for us. We will now consider the Commission’s proposal carefully and work with other Member States to ensure the final Directive supports our efforts to ensure we have diverse and effective boards.”
**Notes to editors:
**1. The Government’s economic policy objective is to achieve ‘strong, sustainable and balanced growth that is more evenly shared across the country and between industries’. It set four ambitions in the ‘Plan for Growth’ (PDF 1.7MB), published at Budget 2011:
To create the most competitive tax system in the G20
To make the UK the best place in Europe to start, finance and grow a business
To encourage investment and exports as a route to a more balanced economy
To create a more educated workforce that is the most flexible in Europe.
Work is underway across Government to achieve these ambitions, including progress on more than 250 measures as part of the Growth Review. Developing an Industrial Strategy gives new impetus to this work by providing businesses, investors and the public with more clarity about the long-term direction in which the Government wants the economy to travel.
- BIS’s online newsroom contains the latest press notices and speeches, as well as video and images for download. It also features an up to date list of BIS press office contacts. See http://www.bis.gov.uk/newsroom for more information.
Notes to Editors
Name BIS Press Office Job Title
Division Department for Business, Innovation & Skills Phone
Name Una Flynn Job Title
Division Department for Business, Innovation and Skills Phone 020 7215 5256 Fax
Published: 14 November 2012