PRODUCTIVITY IN THE UK: ENTERPRISE AND THE PRODUCTIVITY CHALLENGE
Four years ago the Government set its central economic objective of high and stable growth
and employment. In the last Parliament we began by reforming the macroeconomic
framework to tackle decades of economic instability. We radically reformed labour market
policies to ensure that employment opportunity is open to all. And we began a programme
of structural economic reforms, including a new Competition Act. These achievements
though have only been the start.
Building on the platform of stability and employment creation, we must now direct our
energies to further radical reform and modernisation of product, labour and capital markets
to create a new Britain of enterprise for all. We must prepare ourselves to tackle fully the
challenge of enterprise and productivity. To succeed over the long term, Britains productivity
must rise faster than our industrial competitors.
Just as we put stability and work first in the last Parliament, we will put enterprise and
productivity first in this Parliament. This document sets out the next steps in this programme