Source · Select Committees · Business and Trade Committee

Recommendation 44

44

To provide clear direction the Government should present to the House an updated industrial policy...

Recommendation
To provide clear direction the Government should present to the House an updated industrial policy statement which sets out the Government’s strategic assessment of industrial policy in the UK. The Government should provide:(Paragraph 180) • Confirmation of who is leading industrial policy in the UK—is it the Prime Minister as Chair of the National Economy and Recovery Taskforce, the Chancellor of the Exchequer as author of the Plan for Growth, or the Secretary of State for Business, Energy and Industrial Strategy? • Confirmation that officials in each relevant department will be assigned responsibility to lead on industrial policy in their area. Post-pandemic economic growth: Industrial policy in the UK 55 • A commitment to publishing the dates and minutes of the cross-cabinet National Economy and Recovery Taskforce which will coordinate industrial policy. • A commitment to publish industrial policy metrics and to report on those metrics on an annual basis at local as well as national level. The Government should support relevant departments and national agencies in collecting and publishing this data. • A commitment to co-producing industrial policy with the devolved governments and regional and local leaders. The Government should set out the process and timeframes by which this will be achieved. 56 Post-pandemic economic growth: Industrial policy in the UK
Government Response Acknowledged
HM Government Acknowledged
44. The Government recognises that there are several sectors undergoing rapid change, including those who have been significantly impacted by Covid-19.