UK economy
Growth Review
21 March 2012
The Government’s economic policy objective is to achieve strong, sustainable and balanced growth. In November 2010, the Chancellor of the Exchequer and the Secretary of State for Business, Innovation and Skills launched the Growth Review to undertake a thorough assessment of how Government can help create the conditions for growth.
The Growth Review is a rolling programme, to last the whole of this Parliament, calling on business to challenge the Government to remove barriers to growth. It is focused on four ambitions for the UK economy:
- To create the most competitive tax system in the G20;
- To make the UK the best place in Europe to start, finance and grow a business;
- To encourage investment and exports as a route to a more balanced economy; and
- To create a more educated workforce that is the most flexible in Europe.
Departments are accountable for implementation of commitments announced in the Growth Review, and progress is published as part of monthly progress updates of Business Plans (Number 10 website, opens in new browser window).
2012 update
Work is well underway on all commitments, and as part of Budget 2012, the Government published an update of progress on all measures announced through the Growth Review so far.
- Plan for Growth implementation update (as of 21 March 2012) (PDF 249KB)
- Find out more about Budget 2012
Phase one
The Plan for Growth announced the first phase of the Growth Review and included over 130 reforms designed to remove barriers to growth, including reforms to planning, regulation and access to finance.
- Plan For Growth (PDF 1.7MB)
- Find out more on phase one of the Growth Review here (BIS website, opens in new window)
- Find out more about Budget 2011
Phase two
Building on the first phase of the Growth Review, the Government announced in the Autumn Statement a series of further reforms to remove barriers to business growth in infrastructure, education and skills, logistics, mid-sized businesses, the rural economy and open data. These reforms followed extensive engagement with over 500 businesses, and included reforms to increase investment in digital and transport infrastructure in the UK, and reforms to strengthen business links into the education and skills system, including apprenticeships.
- Plan for Growth implementation update (as of 29 November 2011) (PDF 249KB)
- Find out more about the Autumn Statement
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Infrastructure UK and Growth Review
2012
- Budget 2012
- Infrastructure delivery update (March 2012)
- Infrastructure delivery update (March 2012)
- Growth Implementation update (March 2012)
- Government construction pipeline update (April 2012)
2011
