Source · Select Committees · Business and Trade Committee
Recommendation 8
8
Paragraph: 31
We recommend the Government urgently produces an economic assessment which sets out the opportunities and...
Recommendation
We recommend the Government urgently produces an economic assessment which sets out the opportunities and risks posed by structural long-term changes to the economy from the combined impacts of COVID-19, Brexit, and the net zero transition. We welcome the publication of the Skills for Jobs White Paper, and the Government should continue to build a comprehensive, long-term cross-departmental plan on education, skills and jobs to create good quality employment opportunities for the future.
Paragraph Reference:
31
Government Response
Acknowledged
HM Government
Acknowledged
The Government has published ‘Build Back Better: our plan for growth’, which looks to the future, providing a framework to guide our longer term growth strategy. Through this we will take forward the best elements of the Industrial Strategy within a new approach that responds to the challenges and opportunities we now face. We will focus on investing in infrastructure, skills and innovation as the foundation of our economic recovery and growth, ensuring we pursue growth that levels up every part of the UK, supports our vision for a truly Global Britain and enables our transition to Net Zero. BEIS will lead on an Innovation Strategy, to be published in the summer. Through this, we will evolve the Grand Challenges and Missions programme to ensure they meet the needs of our technology innovation landscape. We are working to review the programme, and will engage across Government and with external partners to identify options for how we might build on the progress made and embed missions-based policy thinking to support current priorities. The Government is, and will continue to be, a champion of the needs of business and industry as we build back better from the pandemic. That is why the Prime Minister and Chancellor of the Exchequer have convened the Build Back Better Business Council, which will support the Government in delivering our plan for growth. The Build Back Better Business Council brings together a range of business leaders from across the British economy to work in partnership with the Government, looking at how to recover from COVID-19, unlock investment, boost job creation, level up the whole of the UK and promote Global Britain. Finally, in our continual commitment to support longer term economic recovery, the Cabinet Committee, the National Economic and Recovery Taskforce (NERT), has been established to act as a vehicle to secure collective agreement on policies with cross- Government interests. It is chaired by the Prime Minister with a focus on catalysing growth, levelling up across the UK and driving public service performance and delivery.