ACE welcomes BIS Secretary of State, Vince Cable, call for a balance between cutting the deficit and promoting sustainable economic growth in the years ahead.
The Business Secretary issued a new paper entitled ‘A Strategy for Sustainable Growth’ that sets out the need to secure a sustainable economic future while cutting the budget deficit now.
The report highlights the need to secure the recovery for the long-term by building on the UK’s traditional strengths in science and technology.
The plan emphasizes the need to promote free and open markets, strengthen business and individual innovation and encourage smarter public and private investment in the economy.
Dr Cable commented: “My department, which I have argued should be seen as the ‘department for growth’, has a key role to play in creating the conditions for businesses, the drivers of our economy, to start out, invest, grow and be profitable which is critical for the recovery.”
To read Vince Cable’s report, please click here
Written by Gavin Pearson,
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