I have long believed together with others that reducing tax, cutting regulation, that is not enough. We need a mortgage strategic, a modern approach to maintain and develop our global comparative advantage and to get out there and make the most of it. We need what i call on modern industrial strategy. Not keeping dead industries on lifesupport, but supporting industries where we have a Competitive Edge and incur highgrowth industries of the future. Creating an ambitious, coordinated and muscular approach to government that allows them to flourish. Let me give you a couple of examples. We have a comparative advantage and pharmaceuticals, health, and life sciences. In health, through the life science strategy, we have created a environmentalist catalyst fund. Our actions are drawn millions of pounds of new investment from the private sector. We have great resources common knowledge, and expertise in energy. In energy we have created 1 billion pounds for capture in storage, one of the key
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