George Freeman welcomes increased flexibility for businesses to create new jobs
7th September 2012
Yesterday, during oral parliamentary questions to Vince Cable, the Secretary of State for Business, Industry and Skills, George Freeman MP highlighted the recent World Economic Forum report which hails the success of the Government's measures to deregulate the labour market to encourage SMEs to grow by investing in job creation.
George Freeman (Mid Norfolk) (Con): Does the Secretary of State agree that what the small business sector in this country needs is confidence, not carping from those on the Opposition Benches? The fact that the Government have created over 900,000 jobs since the election suggests they are doing a lot of good. Does he also agree that the World Economic Forum report of this week showing that Britain’s competitiveness has risen from 10th to eighth in the world league, because, it says, of our more efficient labour market reforms, suggests we are doing exactly the right thing?
Vince Cable: I thank my colleague for reminding me of that. It is a very positive report, and it is striking that it puts such emphasis on the fact that we have very flexible labour markets, which is one of the reasons why the private sector has been able to take on so many more people. That is publicly appreciated by many of the large manufacturing companies as well as by SMEs.