HC Deb 04 June 1997 vol 295 c176W
11. Mr. Boswell

To ask the Prime Minister what steps he will be taking to improve national competitiveness. [557]

The Prime Minister

My right hon. Friend, the President of the Board of Trade, has set out today our plans for a competitive economy.

  1. 1. We will ensure that our workforce is equipped with the skills necessary in a modern, competitive economy.
  2. 2. We will reform Britain's competition laws because we know more competitive markets are a spur to firms to become more competitive.
  3. 3. We will cut unnecessary "red tape" and simplify government to reduce burdens on business.
  4. 4. We will legislate on late payment because we know late payment hurts small firms and thriving small firms will be the foundation of a more competitive Britain.
  5. 5. We will set a deadline for the completion of Europe's Single Market, clearing away trade barriers and unfair state aids, to give Britain's business access to the world's largest market.