Business Secretary Greg Clark MP has today (27 November 2017) launched the government’s ambitious Industrial Strategy, setting out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and boost the earning power of people across the UK.
In the strategy, the government has identified four strands, termed ‘4 Grand Challenges’; which they believe that the UK must embrace to ensure that we harness all opportunities to shape our rapidly changing future:
• artificial intelligence – we will put the UK at the forefront of the artificial intelligence and data revolution• clean growth – we will maximise the advantages for UK industry from the global shift to clean growth• ageing society – we will harness the power of innovation to help meet the needs of an ageing society• future of mobility – we will become a world leader in the way people, goods and services move
Commenting on the Strategy, Prime Minister Theresa May said:
“Our modern Industrial Strategy will shape a stronger and fairer economy for decades to come. It will help create the conditions where successful businesses can emerge and grow, and support these businesses in seizing the big opportunities of our time, such as artificial intelligence and big data, whilst also making sure our young people have the skills to take on the high-paid, high-skilled jobs this creates.
“As we leave the European Union and forge a new path for ourselves, we need to focus on building a better future for our country and all the people who live in it. With the Budget last week, and our Industrial Strategy in the years ahead, we will build a Britain fit for the future.