Competitiveness Policies

This page provides a summary of some of the policies introduced in recent years to improve the competitiveness of the UK economy

Policies include:

• Improving the functioning of Labour Markets
  
  • Investment in all levels of education and workplace training
  • Encouraging inward migration of skilled workers 
  • Improvements in management quality
• Infrastructure Investment
  
  • Better motorways, ports, hi-speed rail, new sewers
  • The Northern Powerhouse project 
  • Communications e.g. super-fast broadband, 4G networks
• Supporting Enterprise / Entrepreneurship
  
  • Improved access to business finance e.g. for start-ups
  • Incentives for business innovation and invention
  • Reductions in business red tape
• Macroeconomic Stability
  
  • Maintaining low inflation / price stability to help confidence
  • A sustainable and more competitive banking system 
  • A competitive exchange rate v major trading partners