Documents to download

The Government’s white paper, Industrial Strategy: Building a Britain Fit for the Future, was published on 27 November 2017.  

The white paper states that the industrial strategy will “create an economy that boosts productivity and earning power throughout the UK” by focusing on what it describes as the “five foundations” of productivity. These foundations are: ideas (research and innovation); people (skills, jobs and earnings); infrastructure (particularly transport, housing and digital technology); business environment (encouraging business creation and small business productivity); and places (prosperous communities, addressing disparities in regional productivity and spreading the proceeds of growth).   

In addition to the five foundations, the industrial strategy also identifies four “grand challenges” facing the UK. These challenges are: the artificial intelligence and data revolution; the global shift to clean growth; the future of mobility (focused on transport networks, electric vehicles and driverless cars); and an ageing society. 

This Library briefing summarises the industrial strategy’s proposals for public investment, the debate on the strategy which took place in the House of Commons on 27 November 2017, and reaction to the publication of the strategy from a range of organisations, such as the Trades Union Congress, the Confederation of British Industry, and EEF, the manufacturers’ association. The briefing also includes productivity growth and earnings growth data from the Office for National Statistics, and recent statements from the Office for Budget Responsibility announcing downgrades to their productivity growth and earnings growth forecasts. 


Documents to download

Related posts

  • The Chancellor of the Exchequer, Rishi Sunak, delivered a spending review statement on 25 November 2020. The Government said the review’s priorities were “to support the Government’s response to Covid-19, invest in the UK’s recovery and deliver on promises to the British people”. Alongside the spending review, the Office for Budget Responsibility set out its latest forecasts for the economy and for the public finances.

  • The Legislative Reform (Renewal of Radio Licences) Order 2020 is a specific kind of statutory instrument called a legislative reform order (LRO). Such orders are designed to reduce certain burdens caused by legislation. These particular orders would extend analogue radio licences due to expire from 2022 for a further ten-year period on the condition that they also provide a service on an appropriate digital radio multiplex.