Commenting on the speech by the Prime Minister this morning, Terry Scuoler, Chief Executive of EEF, the manufacturers’ organisation, said:
“This is a welcome announcement which outlines the beginnings of what a post-Brexit modern industrial strategy should look like. This includes a significant focus on high-value science, research and development, more intelligent use of government procurement and greater commitment to commercialise our successes.
“Manufacturers are willing to pick up the gauntlet which the Prime Minister has thrown down and contribute to driving up the UK’s productivity performance over the long-term. In response, we now need to see all government departments playing their part by getting behind such a strategy in a joined-up manner, beginning with the Autumn Statement later this week.
“The vast majority of businesses also accept their social responsibility to behave in an ethical and responsible manner. This ranges from the significant sums they invest in the training of their workforce, the provision of meaningful occupational pensions and provision of a safe and secure working environment. Whilst there will always be some who flout their responsibility, we must ensure that any legislation introduced balances the needs of business to operate in a competitive and flexible manner with a requirement for the highest standards of behaviour.”