Institute of Directors Conference: George Osborne speech

Institute of Directors Conference: George Osborne speech; Osborne speech SOT - And next week, we will launch the new 2.5billion pounds Business Growth Fund, paid for by the banks as part of the Merlin deal, which will provide equity finance for growing businesses. But a more balanced economy also means more exports and investment across every sector of our economy. That's why we've got Stephen Green, one of Britain's global business leaders, to become our Trade Minister. This week he set out his plans to boost exports to new markets, supported by a newly focused Foreign Office, whose presence is felt in countries like China and India. Our fourth ambition is to have a more educated and better skilled workforce, something I know the IoD has campaigned on this year. Between 2000 and 2009, Britain fell from 4th to 16th place in the world league tables of science, 8th to 28th place in mathematics. In this global economy, where we must compete on skills and innovation, that is a recipe for long-term decline. So this Government has embarked on radical reforms to education. More academies have been created in the last 12 months than in the last 13 years. We have taken the difficult, but absolutely essential decision, to reform student finance to ensure that our universities continue to be well funded. Many would have ducked that challenge. We did not. And we are addressing the long-standing issue of poor vocational training, with 100,000 work experience places for young people, 250,000 more apprenticeships, and at least 24 University Technical Colleges. So more competitive taxes. More support for businesses. More balanced growth. And a better educated workforce. That is our Plan for Growth - There is one more thing that I will say. Delivering this will not be easy. The forces of stagnation will try to stand in the way of the forces of enterprise. For every line item of public spending, there will be a union defending it. For every regulation on business, a pressure g...
Institute of Directors Conference: George Osborne speech; Osborne speech SOT - And next week, we will launch the new 2.5billion pounds Business Growth Fund, paid for by the banks as part of the Merlin deal, which will provide equity finance for growing businesses. But a more balanced economy also means more exports and investment across every sector of our economy. That's why we've got Stephen Green, one of Britain's global business leaders, to become our Trade Minister. This week he set out his plans to boost exports to new markets, supported by a newly focused Foreign Office, whose presence is felt in countries like China and India. Our fourth ambition is to have a more educated and better skilled workforce, something I know the IoD has campaigned on this year. Between 2000 and 2009, Britain fell from 4th to 16th place in the world league tables of science, 8th to 28th place in mathematics. In this global economy, where we must compete on skills and innovation, that is a recipe for long-term decline. So this Government has embarked on radical reforms to education. More academies have been created in the last 12 months than in the last 13 years. We have taken the difficult, but absolutely essential decision, to reform student finance to ensure that our universities continue to be well funded. Many would have ducked that challenge. We did not. And we are addressing the long-standing issue of poor vocational training, with 100,000 work experience places for young people, 250,000 more apprenticeships, and at least 24 University Technical Colleges. So more competitive taxes. More support for businesses. More balanced growth. And a better educated workforce. That is our Plan for Growth - There is one more thing that I will say. Delivering this will not be easy. The forces of stagnation will try to stand in the way of the forces of enterprise. For every line item of public spending, there will be a union defending it. For every regulation on business, a pressure g...
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May 11, 2011
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