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New Team To Steer UK Economy

Theresa May during a promotional event

Prime Minister Theresa May will chair the first meeting of new committee that will focus on delivering an economy that works for everyone….reports Asian Lite News

Theresa May during a promotional event
Theresa May during a promotional event

A new Cabinet committee focused on delivering one of the government’s Top Three priorities – an economy that works for everyone, with a strong industrial strategy at its heart – met at Downing Street for the first time on Tuesday.

The Prime Minister chaired the committee underlining the importance that she attaches to building on the strong fundamentals of the British economy and ensuring that everyone who works hard is able to enjoy wage growth, job security and opportunities to progress.

The new committee, which will bring together Secretaries of State from more than 10 government departments, will help to drive forward an industrial strategy that will aim to put the United Kingdom in a strong position for the future, promoting a diversity of industrial sectors and ensuring the benefits of growth are shared across cities and regions up and down the country.

In particular, it will focus on addressing long-term productivity growth, encouraging innovation and focusing on the industries and technologies that will give the UK a competitive advantage.

“As I said on my first day as Prime Minister, I will govern for the whole United Kingdom, and we will look to build an economy that works for everyone, not just the privileged few,” the prime minister said ahead of the meeting.

“That is why we need a proper industrial strategy that focuses on improving productivity, rewarding hard-working people with higher wages and creating more opportunities for young people so that, whatever their background, they go as far as their talents will take them. We also need a plan to drive growth up and down the country, from rural areas to our great cities.

“If we are to take advantages of the opportunities presented by Brexit, we need to have our whole economy firing. That’s why this committee’s work is of the highest priority, and we will be getting down to work immediately.

Full list of members of the Economy and Industrial Strategy Cabinet Committee:
Prime Minister
Chancellor of the Exchequer
Secretary of State for Business, Energy and Industrial Strategy
Secretary of State for Work and Pensions
Secretary of State for Health
Secretary of state for the Environment
Secretary of State for Culture, Media and Sport
Secretary of State for International Trade
Secretary of State for Education
Secretary of State for Defence
Secretary of State for Communities and Local Government
Secretary of State for Transport