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Vince Cable comments on GKN/Volvo

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

**Notes to editors **1. The Government’s economic policy objective is to achieve ‘strong, sustainable and balanced growth that is more evenly…

**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.

  1. 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

Contact Information

Name BIS Press Office Job Title

Division Department for Business, Innovation & Skills Phone

Fax

Mobile

Email bispress.releases@bis.gsi.gov.uk

Name Adam Smith Job Title

Division Department for Business, Innovation and Skills Phone 020 7215 5955 Fax

Mobile

Email Adam.Smith@bis.gsi.gov.uk