Politics

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News story: Developing a modern industrial strategy

We are building an industrial strategy to deliver a high-skilled, competitive economy that benefits people throughout the UK.

Our economy has great strengths, but while many people, places and businesses are thriving, opportunities and growth are still spread unevenly across the country.

We are developing a modern industrial strategy. We want to build on our strengths to enable all parts of the country to succeed: helping to deliver a high-skilled, competitive economy that benefits people throughout the UK.

The Industrial Strategy green paper, ‘Building our Industrial Strategy’, will be available here this afternoon.

PDF, 596KB, 1 page

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email enquiries@beis.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

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News story: CMA accepts remedies in convenience store merger

The CMA has accepted Co-op’s proposals to remedy competition concerns over its purchase of a My Local store in Widnes, Cheshire.

On 19 October the Competition and Markets Authority (CMA) announced that the Co-operative Foodstores Ltd’s (Co-op) acquisition of 8 My Local convenience stores gave rise to competition concerns only in Widnes, Cheshire where Co-op already owned 3 convenience stores in close proximity to each other.

On 17 November 2016 the CMA launched a public consultation on Co-op’s proposal to sell 2 of its convenience stores in Widnes – CGL Hough Green and CGL Farnworth – to an approved buyer or buyers. No issues were raised regarding the ability of the proposal to remedy the CMA’s competition concerns.

The CMA is satisfied that Co-op’s undertakings to sell the 2 convenience stores to an approved buyer or buyers resolves its competition concerns. The merger will not be referred for an in-depth phase 2 investigation. Co-op must now sell the 2 stores within a maximum of 3 months to a buyer that the CMA will approve.

All information relating to this investigation can be found on the case page.

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This belated attempt to develop a proper industrial strategy looks like too little too late – Clive Lewis

Clive Lewis MP, Shadow Secretary of State for Business, Energy and Industrial Strategy, in advance of the publication of the Government’s industrial strategy, said:

“This belated attempt to develop a proper industrial strategy is a step in the right direction, but once again what the Tories are offering looks like too little too late.

“We await further detail, but what’s been announced so far will fall far short of getting us back to where we were in 2010, let alone equip our economy for the challenges of the 21st Century. The £170m announced for vocational education, for example, will do little to plug the £1.15bn hole in the Adult Skills Budget created by Tory cuts since 2010. 

“It will be a great shame if the Government wastes this opportunity to put our economy on a new path. But they have already watered down a series of flagship commitments, from putting workers on boards to tackling executive pay, and there are too many people on the Tory benches who think that the only role of Government is to deregulate markets. The reality is that a Prime Minister who wants to turn us into a tax haven cannot be trusted to deliver an industrial strategy.”

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Summit brings bus industry together

Wales’ first ever Bus Summit, part of Economy Secretary, Ken Skates’ 5 point plan for the industry, will bring all interested parties together to look at how they can work more effectively  together to deliver the best, most robust service possible.

Speaking ahead of the summit, the Economy and Infrastructure Secretary Ken Skates said: 

“There is no question that 2016 was a mixed year for the bus industry in Wales. Whilst our bus network accounted for some 101 million passenger journeys – with many routes gaining in popularity – the demise of some service providers left certain communities, services and bus users vulnerable.

“The five point plan I announced last September sought to stabilise and support the industry in the short term but we must look for longer term solutions if we are to deliver a quality service that our thousands of passengers across Wales can have confidence in. I’m particularly keen to hear the views of the industry on how we can encourage young people to increase their bus travel. The MyTravel Pass pilot was a useful starting point and given us some valuable insight, we must now build on that and work with partners to develop and all Wales solution. 

“This Bus Summit is an opportunity for us to share ideas to solve the difficulties facing the industry, define what we want our bus services to deliver and understand how we can better work together in order to deliver the quality services communities across Wales expect and deserve. 

“In my eyes, that means a top quality and sustainable service, one that can drive forward our economy and our communities to greater prosperity. It means a service which works for both rural and urban areas, young and old and promotes and enables independent living, all whilst ensuring value for money for the tax payer. 

“It’s a tough task but I’m positive we have the expertise and the will in Wales to deliver it. 

“In the meantime, of course, we will continue to support local authorities and communities wherever possible, whether it be through taking on new services like the T1C between Aberystwyth and Cardiff or providing further financial support to areas affected by loss of service providers.

“But longer term I want to ensure we establish a better informed, better designed, long term approach to the planning of our transport system. I’m keen, amongst other things, to explore with others whether new legislation can play a role in this.

“This Summit will be a catalyst for that and I look forward to working with the industry to inform and deliver the best possible system, together.”

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New £36m fund to reduce infant class sizes and raise standards announced by Kirsty Williams

Directed at the frontline and starting with the largest class sizes, it will target classes where teaching and learning needs to improve and where there are high levels of deprivation.

The money, consisting of both revenue and capital funding, will be invested over the next four years up until 2021.

The latest figures show that 7.6% (8,196) of infant pupils in Wales were in classes of over 30.

Kirsty Williams said:

“Our national mission is to raise standards and extend opportunities for all our young people.

“Time and time again parents and teachers tell me that they are concerned about class sizes.  We have listened to these concerns, looked at the international evidence, and are today announcing a new £36m fund to address infant class sizes.

“There is a positive connection between smaller classes and attainment, particularly for pupils from poorer backgrounds.  This is most significant for younger children, which is why we are targeting this investment at infant class sizes.

“This announcement, linked to our other reforms, will create the space for teachers to teach and for pupils to learn.”

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