Commenting on the speech on the Economy today by the Leader of the Opposition, Keir Starmer MP, Chief Executive of Make UK, Stephen Phipson, said:

“Industry will welcome the focus on Industrial Strategy which is a concept that companies understand and have long campaigned for. Most developed economies have such a strategy which joins up wide strands of economic policy on innovation, skills, infrastructure and energy at both national and regional level. Time after time this has been shown to feed through into wider gains on productivity.

“The UK faces massive societal and economic challenges which require a laser like focus on productivity and growth. There is no silver bullet to fix all the issues we face but a renewed focus on an industrial strategy which all companies can buy into should be at the heart of any future UK economic strategy.”