21
The Government should maintain sector deals, not least to ensure an appropriate and strategic balance...
Recommendation
The Government should maintain sector deals, not least to ensure an appropriate and strategic balance between vertical and horizontal policy interventions as described in Chapter 3. However, we are concerned that outside the structure of the Industrial Strategy, sector deals should not lose their strategic purpose—either for pursuing comparative advantage, or as a defensive intervention—and instead become piecemeal solutions to sectoral problems.
Paragraph Reference
85
Government Response
Acknowledged
Government Response
Acknowledged
HM Government
Acknowledged
21. The Government recognises the importance of working closely and collaboratively with key stakeholders, in the business community and beyond, to ensure that the Government’s plans address challenges faced by business and grasp opportunities for future growth. There are several fora across Government that allow us to do this effectively.
Source
Committee
Business and Trade Committee
Report
First Report - Post-pandemic economic growth: Industrial policy in the UK
28 Jun 2021
HC 385
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age
4.9 yrs
Report published
28 Jun 2021