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I’ll say more about that in a minute, but first I’d like to pay tribute to Simon (Walker) for his extraordinary leadership of the Institute of Directors ( IoD). Ahead of the curve on issues like executive pay and governance reform, he has aimed always not just to represent British business, but the best of British business. At a time of great change we can be inspired by the fact that more jobs have been created in Britain over most of the last decade than in the rest of Europe put together. Britain is home to big name global businesses, but just as important – more important for job creation – are the entrepreneurs building businesses far from the spotlight. A government that fails to look ahead and make the right long-term decisions on tax, infrastructure, research, education and skills, is one that has abdicated responsibility.

And yet an electoral cycle of 5 years; a budget and autumn statement cycle of 6 months; and a media cycle of 24 hours means that too often public policy is set restlessly and is an extra source of risk for business has to take into account. And to achieve that requires taking not a deliberately partisan approach – always edging for difference and finding something to make others disagree with – but seeking where it is possible to establish common ground. In my view we have had enough drama in British politics over the last year – I want us to recover our reputation for stability and predictability as a business environment.

For a start, a powerful record on science and innovation; only America has more of the world’s top universities, Nobel prizes and registered patents. Our professional services – accountancy, law, consulting – our creative industries, many of our technologists – set the global gold standard. We must ensure that land and supporting services are available not just to major employers but also to the increasingly integrated supply chain of smaller, specialist firms. We must never be the protector of incumbency – but instead be constantly looking to create conditions to be open to new competitors and indeed to new industries that may not exist anywhere today but which will shape our lives in the future.

In my view any successful industrial strategy has to be local. Hair electricity song Governments are fond of quoting national figures – of economic growth, of productivity, of employment.

But the truth is economic growth does not exist in the abstract. Gas 0095 download It happens in particular places when a business like yours is set up, or takes on more people, or expands its production.

Gas oil ratio units And the places in which you do business are a big part of determining how well you can do. It’s obvious that South Kensington here has very different needs from Middlesbrough. Electricity and magnetism worksheets high school If you stand at the Pier Head in Liverpool you couldn’t be confused that you were in Manchester – just 35 miles away. Yet for too long, government policy has treated every place as if they were identical. B games unblocked It seems to me that helping Cornwall make the best of its future is as vital to a comprehensive national success as helping Birmingham – but what is needed in each place is different, and our strategy must reflect that.

Many of the policies and decisions that form our industrial strategy will not be about particular industries or sectors, but will be cross-cutting. For us to succeed in the future we need to have the right infrastructure – roads, rail, broadband and mobile – that can connect businesses to their workforce.

We need to have a rising generation of young people who are better educated than our competitors – and their predecessors – but also better trained. In the debate about education we must make sure that vocational education – especially in engineering and technology – plays a much more prominent role in our country than it has for many years now; and that employers have a decisive role in making sure that skills training is meeting the needs they have to fulfil their order books. We need a tax system that clearly and reliably encourages entrepreneurship and innovation. Tropico 5 power plant And a modern system of corporate governance – on which the IoD has been doing important work – that builds widespread confidence in business.

I believe we are at such a point in our history today; and not only because of the challenges – and opportunities – that Brexit requires us to confront. Just as in 1979, the new government knows that Britain needs to change in order to prosper in the years ahead.

Bp gas prices ny I think we will look back in the years to come on 2016 as just such a moment. We have some of the most productive businesses in the world but also – compared to competitors like Germany – a disproportionate number of low productivity businesses.

We have people who are the most capable and best trained on the planet. Gas vs electric oven for baking cakes But too many leave school or college without the education and training needed to hold down a job productive enough to support themselves and their family and to pay for a long old age. We have new infrastructure like Crossrail about to open, but we have roads that are bottlenecked, trains overcrowded and broadband and mobile coverage that is simply unacceptable in 2016. We have low carbon energy systems that lead the world, but also the failure of successive governments to replace the power stations reaching the end of their lives.

During the weeks ahead, I and my ministerial team will be travelling to every part of the United Kingdom to ask you to work with us to forge those relationships with you and your colleagues. I have asked Simon and Stephen to arrange for events to take place in all of your regional branches, so that we can work together on this important mission. And Simon and Stephen will meet with me frequently so that everyone here can know that whatever your advice or concern you have an open door to me and my colleagues in government.

That ambition can only be achieved by working together with you and your members in every part of the country. Gas bloating after eating I look forward to doing so, and I’m very grateful to you for inviting me here today. Electricity and magnetism pdf Posted in BEIS | Tagged Speech Maintaining energy investment in wake of Brexit vote Site: