Enterprise key to recovery - PM

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  • xman
    Admin
    • Sep 2006
    • 24007

    Enterprise key to recovery - PM

    5 March 2011 Last updated at 21:20 ET Prime Minister David Cameron will declare war on the "enemies of enterprise" in a speech to the Conservative spring conference.

    In what aides are describing as a "new chapter in the economic story of this government," the PM will set out his strategy for kick-starting growth.

    He will say it is down to the ingenuity and "spark" of entrepreneurs.

    Labour says the government is wrecking the UK's chances of economic recovery by cutting public spending too fast.

    The coalition has said there is no alternative to its plans to cut the UK's budget deficit - but aides say Mr Cameron wants to strike a more optimistic note after spending his first 10 months in government talking about tough economic choices.

    More investment There will be no new policy announcements in the speech, but Mr Cameron will attempt to set the scene for George Osborne's Budget on 23 March.

    The chancellor has already told the Tory conference in Cardiff that his Budget will be "unashamedly pro-growth" and will include 10 new enterprise zones to boost some of the most deprived areas of England.

    Mr Cameron will use his speech to reinforce this pro-growth message - and to promise a "fundamental rebalancing of our economy", with "less debt, more saving; less borrowing, more investment; less dependence on financial services, more new industries, exports and trade".

    With interest rates at a record low, and no money to spare, the prime minister will say he wants to champion the growth and ingenuity of the British people: "The spark of initiative. The courage to make your dream happen. The hard work to see it through."

    He is expected to say: "There's only one strategy for growth we can have now and that is rolling up our sleeves and doing everything possible to make it easier for businesses to grow, to invest, to take people on.

    "Back small firms. Boost enterprise. Be on the side of everyone in this country who wants to create jobs, and wealth and opportunity."

    'Social good' On a practical level, he will promise to open up government procurement to more small businesses.

    "I can announce today that we are taking on the enemies of enterprise," he will say.

    "The bureaucrats in government departments who concoct those ridiculous rules and regulations that make life impossible for small firms.

    "The town hall officials who take forever to make those planning decisions that can be make or break for a business - and the investment and jobs that go with it.

    "The public sector procurement managers who think that the answer to everything is a big contract with a big business and who shut out millions of Britain's small and medium sized companies from a massive potential market."

    He will also say "enterprise is not just about markets - it's about morals too", adding: "We understand that enterprise is not just an economic good, it's a social good."

    Labour has accused the Conservatives of lacking a strategy for growth and being more interested in grabbing headlines.

    Responding to Mr Osborne's speech on Saturday, Shadow Chief Secretary to the Treasury Angela Eagle said the chancellor "still has no plan for jobs and growth to get the economy moving again and nothing more than platitudes for millions of families facing the squeeze".





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