Three forces will drive growth and innovation in the British economy. Strong businesses and economies draw on deep reservoirs of know-how and expertise. We also need entrepreneurial individuals with the vision to turn new ideas into winning products and processes. Entrepreneurship is the lifeblood of the new British economy, in large companies as well as small. Collaborate to compete To compete more effectively we have to collaborate more intelligently.
Few companies have all the skills to make and market technologically complex products.
The Government will act as a catalyst to promote creative collaboration between businesses and within regions. Competition Competition is the sharpest spur to improve productivity and the best guarantee of reward for talent and innovation. A dynamic economy needs flexible, open markets. To make markets more competitive we will strengthen the Office of Fair Trading, consider the case for reform of merger policy, step up the pressure for economic reform in Europe, press for the removal of barriers to international trade and oppose unnecessarily burdensome regulations from whatever source. The knowledgeable consumer can also help drive the agenda.