Yesterday, Lord Bilimoria spoke about the government’s planned proposals to increase productivity in the UK in a debate in the House of Lords. Titled: Fixing the foundations: Creating a more prosperous nation, the government’s productivity plan stressed the need for Britain to boost productivity and advocated a series of reforms designed to bolster long term investment and create a more dynamic economy. Speaking in the debate, Lord Bilimoria welcomed plans to make the UK more attractive to inward investment but lamented the lack of action that the government has taken on funding for research and development. He also quizzed the Minister, Lord O’Neill of Gatley, about the level of support that the government is providing to quickly growing businesses to scale up their operations.
