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Vince Cable and George Osborne launch growth review

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George Osborne, the chancellor, and Vince Cable, the business secretary, would like to hear from you.

George Osborne and Vince Cable have jointly launched a growth review, challenging every government department to identify the measures that are slowing private sector growth.

The review will initially focus on structural reform priorities that include planning, competition, trade and investment, regulation, access to finance and corporate governance.

“We can’t lay out plans for how the economy will grow – growth is delivered by the private sector,” says Vince Cable.

“What we can do is provide the conditions to promote a new economic dynamism, harnessing our strengths, removing the barriers and putting the private sector first when it comes to decisions on tax, regulation and spending.”

Based on the evidence provided by business, the report will be published by the March Budget.

In addition to taking feedback from businesses, government departments will be required to present action plans to a group chaired by Cable and Osborne, on what contribution they will make to remove barriers.

The group will meet six times before the next Budget, and will hold its first meeting before the end of the year. Alongside George Osborne and Vince Cable, the group will include senior ministers and business leaders from across industry.

The consultation is to focus on six sectors which have been identified as “priority” for the government: health and life sciences, business and professional services, construction, retail, advanced manufacturing and creative industries.

Read the government’s full report, “The path to strong, sustainable and balanced growth”, below.

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Download and read the report in PDF format here (620 KB)

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