25
Investors require greater long-term clarity and policy route maps from government.
Recommendation
We received written evidence from investors who wanted more long-term clarity on government policy. For example, the Global Infrastructure Investor Association said there should be greater focus in government on setting out route maps for investors against clear timelines, particularly for new technologies.62 We asked the Department about its relationship with the Treasury, given the need from investors for stability and consistency from government.63 The Department told us it had good relationships with the Treasury and that it worked closely with the Treasury on economic policy in relation to businesses. However, it said it would like more influence with the Treasury than it currently has, though it acknowledged that the Treasury was open to listen to well-evidenced proposals for new policies to support investment into the UK.64 We received written evidence from industry and investor representatives who wanted the government to engage more with industry and investors to identify measures to make the UK more attractive to investors.65 For example, BP suggested that the government should set up a forum with foreign investors in the UK to discuss how to make the UK more attractive to other global investors.66 Supporting the UK’s attractiveness to investors
Government Response
A response document is linked to this report, dated 24 September 2023. Response attribution to this recommendation has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Inquiry
Supporting investments in the UK
Report
Fifty-Sixth Report - Supporting investment into the UK
09 Jun 2023
HC 996
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.3 yrs
Report published
09 Jun 2023