§ 29. Mr. CasaleTo ask the Chancellor of the Exchequer what steps he is taking to strengthen the competitiveness of small and medium-sized companies. [141864]
§ Mr. TimmsEconomic stability is the only sound base for competitive enterprise and industry in a global economy. To this end, the Government have cut public borrowing, ensured low and stable inflation and achieved the lowest long-term interest rates for over 30 years. This sound policy platform has encouraged small and medium-sized businesses to invest for the long-term in the skills and infrastructure they require to compete and succeed. To strengthen further the competitiveness of small and medium-sized companies, we have also introduced major reforms to ease compliance with regulation, boost the level of finance available and to improve the level of skills. By focusing on these areas the Government aim to make the UK the most competitive environment for business in the world.