UK: International Competitiveness

Lord Pearson of Rannoch Excerpts

Wednesday 23rd June 2010 Lords Chamber

[Baroness Wilcox]

The noble Lord will of course be delighted that we are bringing forward the Academies Bill and he will no doubt be supporting it. We want to ensure that British higher and further education are better linked into our economy. Our priorities include an increasing emphasis on adult education, stripping out some of the bureaucracy around further education, and putting an end to the outdated distinction between blue-collar apprenticeships and further education on the one hand and university education on the other. BIS has already redeployed £200 million from Train to Gain to fund 50,000 extra apprenticeships and an additional £50 million towards capital spending on colleges.

[Lord Pearson of Rannoch]

My Lords, does the noble Baroness recall the estimates made by the EU enterprise and industry commissioner, Mr Gunter Verheugen, that EU overregulation was costing us some 6.4 per cent of GDP per annum—around £84 billion today? Why do Her Majesty’s Government insist on staying on the “Titanic” when the iceberg of international competition is staring us in the face?

[Baroness Wilcox]

The noble Lord will be very pleased to know that we have already said that we will look seriously at the gold plating that we have been doing to European Union regulations. I am sure that he will support us in that.