thing that unlocks the it is the thing that unlocks the capability of this country to move forward at pace.— capability of this country to move forward at pace. fantastic. that is a erfect forward at pace. fantastic. that is a perfect segue — forward at pace. fantastic. that is a perfect segue to _ forward at pace. fantastic. that is a perfect segue to actually - forward at pace. fantastic. that is a perfect segue to actually asking | a perfect segue to actually asking some _ a perfect segue to actually asking some members of the audience to ask their questions that are more industrial_ their questions that are more industrial specific. first, mike from astrazeneca. could somebody— first, mike from astrazeneca. could somebody bring the microphone? yes, thank ou. somebody bring the microphone? yes, thank yom we — somebody bring the microphone? yes, thank you. we are _ somebody bring the microphone? yes, thank you. we are delighted to see the report— thank you. we are delighted to see the report was _ thank you. we are delighted to see the report was published _ thank you. we are delighted to see the report was published earlier. the report was published earlier this week— the report was published earlier this week by— the report was published earlier this week by peter _ the report was published earlier this week by peter and - the report was published earlier this week by peter and by- the report was published earlier�* this week by peter and by wares the report was published earlier- this week by peter and by wares for our sector~ — this week by peter and by wares for our sector~ i — this week by peter and by wares for our sector. i think— this week by peter and by wares for our sector. i think one _ this week by peter and by wares for our sector. i think one of— this week by peter and by wares for our sector. i think one of the - our sector. i think one of the realty— our sector. i think one of the really critical— our sector. i think one of the really critical areas _ our sector. i think one of the really critical areas is - our sector. i think one of the really critical areas is about i really critical areas is about medictnes— really critical areas is about medicines manufacturing . really critical areas is about - medicines manufacturing where we have seen— medicines manufacturing where we have seen a — medicines manufacturing where we have seen a reel— medicines manufacturing where we have seen a real decline _ medicines manufacturing where we have seen a real decline in- medicines manufacturing where we have seen a real decline in uk- medicines manufacturing where we have seen a real decline in uk the. have seen a real decline in uk the last ten— have seen a real decline in uk the last ten years _ have seen a real decline in uk the last ten years ago _ have seen a real decline in uk the last ten years ago and _ have seen a real decline in uk the last ten years ago and particularly in exports — last ten years ago and particularly in exports being _ last ten years ago and particularly in exports being made _ last ten years ago and particularly in exports being made in- last ten years ago and particularly in exports being made in this - in exports being made in this criticat— in exports being made in this critical area _ in exports being made in this critical area that _ in exports being made in this critical area that can - in exports being made in this critical area that can providel critical area that can provide massive _ critical area that can provide massive amounts— critical area that can provide massive amounts of- critical area that can provide . massive amounts of additional critical area that can provide - massive amounts of additionaljobs, hu-e massive amounts of additionaljobs, huge amounts — massive amounts of additionaljobs, huge amounts of _ massive amounts of additionaljobs, huge amounts of gda _ massive amounts of additionaljobs, huge amounts of gda for— massive amounts of additionaljobs, huge amounts of gda for local - massive amounts of additionaljobs, i huge amounts of gda for local places across— huge amounts of gda for local places across the _ huge amounts of gda for local places across the country, _ huge amounts of gda for local places across the country, exports _ huge amounts of gda for local places

across the country, exports and, - huge amounts of gda for local places across the country, exports and, of. across the country, exports and, of course, _ across the country, exports and, of course, realty — across the country, exports and, of course, really critically, _ course, really critically, resilience _ course, really critically, resilience in _ course, really critically, resilience in terms - course, really critically, resilience in terms of. course, really critically, - resilience in terms of medicines access— resilience in terms of medicines access for— resilience in terms of medicines access for the _ resilience in terms of medicines access for the nhs. _ resilience in terms of medicines access for the nhs. what - resilience in terms of medicines access for the nhs. what are i access for the nhs. what are labour's _ access for the nhs. what are labour's ambitions _ access for the nhs. what are labour's ambitions around i access for the nhs. what are - labour's ambitions around expanding, improving _ labour's ambitions around expanding, improving uk— labour's ambitions around expanding, improving uk medicines _ labour's ambitions around expanding, i improving uk medicines manufacturing and what _ improving uk medicines manufacturing and what else — improving uk medicines manufacturing and what else can _ improving uk medicines manufacturing and what else can industry— improving uk medicines manufacturing and what else can industry do - improving uk medicines manufacturing and what else can industry do to - and what else can industry do to help you — and what else can industry do to help you with _ and what else can industry do to help you with those _ and what else can industry do to help you with those plans? - and what else can industry do to help you with those plans? there thin , we help you with those plans? there thing. we have — help you with those plans? there thing, we have to _ help you with those plans? there thing, we have to recognise - help you with those plans? there thing, we have to recognise that| thing, we have to recognise that life sciences is a very important sector already and i think will be crucial as we go forward. pisces is one of the areas, one of the sectors if you like, that could drive forward the source of growth we need. great to see because last time we were together was in macclesfield at your site up there talking to some of your staff and also recognising notjust those that some of your staff and also recognising not just those that you directly employ but all those that were feeding into the work that you are doing. therefore, we do need a strategy working on a strategy in very good report we launch the other day, we need a strategy, we need to with you work out what the challenges are as we go forward from our conversation i took away a number of things. one is, and this

will be across the room i think, energy costs. will be across the room i think, energy costs— will be across the room i think, ener: costs. . , . ., energy costs. the astrazeneca and i'm sure others _ energy costs. the astrazeneca and i'm sure others in _ energy costs. the astrazeneca and i'm sure others in the _ energy costs. the astrazeneca and i'm sure others in the same - energy costs. the astrazeneca and i'm sure others in the same boat, | i'm sure others in the same boat, the high _ i'm sure others in the same boat, the high cost _ i'm sure others in the same boat, the high cost of— i'm sure others in the same boat, the high cost of inhibitor. - because there wasn't strategy and way of— because there wasn't strategy and way of working _ because there wasn't strategy and way of working in _ because there wasn't strategy and way of working in the _ because there wasn't strategy and way of working in the face - because there wasn't strategy and way of working in the face with - way of working in the face with others — way of working in the face with others we _ way of working in the face with others. we could _ way of working in the face with others. we could have - way of working in the face with others. we could have lost- way of working in the face with others. we could have lost to. others. we could have lost to another — others. we could have lost to another country _ others. we could have lost to another country because - others. we could have lost to another country because we i others. we could have lost to - another country because we didn't take decisions— another country because we didn't take decisions quickly— another country because we didn't take decisions quickly enough. - another country because we didn't take decisions quickly enough. so| another country because we didn'tl take decisions quickly enough. so i think there a _ take decisions quickly enough. think there a huge amount we can take decisions quickly enough.“ think there a huge amount we can do in relations to life science planning as well for the premises you need. so there is an example of an industrial strategy that is at the national level but also has the flexibility to work with a sector in relation to something man so those were big take with me for my meetings and this is the great

thing, coming out on top of the people of this theme, in businesses, in their place of work because reading of briefing in whitehall is one thing and going to where you're doing your business and in the serving and having those discussions in macclesfield is much more impactful. —— understanding and having those discussions. the metre is a way of working and on the way back on the train i go over what people said to me, what is the challenge there for the government to what things you need to do to change and i think there was a lot. final thing i would sayjust on this, welcome views, in relation to that. with a vaccine, we obviously had a task force that went very fast to achieving an outcome. obviously, it was an important situation in the clear outcome but that sense of a task force approach that goes across government departments so that you are not knocking on the store one day and another door the next day and nearly always with somebody else behind a desk, under this government, that we can create a

more dynamic way of actually delivering a government. i think that would sit above the very thing i've mentioned already.— that would sit above the very thing i've mentioned already. thank you. fantastic. next, _ i've mentioned already. thank you. fantastic. next, tina _ i've mentioned already. thank you. fantastic. next, tina from - i've mentioned already. thank you. fantastic. next, tina from the - fantastic. next, tina from the federation of small business. are you without? there she is. great. thank— you without? there she is. great. thank you — you without? there she is. great. thank you very much, sir keir, and i would _ thank you very much, sir keir, and i would like _ thank you very much, sir keir, and i would like to — thank you very much, sir keir, and i would like to say— thank you very much, sir keir, and i would like to say by— thank you very much, sir keir, and i would like to say by thanking - thank you very much, sir keir, and i would like to say by thanking you . would like to say by thanking you for your— would like to say by thanking you for your teams— would like to say by thanking you for your teams engagement - would like to say by thanking you for your teams engagement with| would like to say by thanking you . for your teams engagement with the federation _ for your teams engagement with the federation of — for your teams engagement with the federation of small— for your teams engagement with the federation of small business - for your teams engagement with the federation of small business over . federation of small business over the next _ federation of small business over the next 12— federation of small business over the next 12 months. _ federation of small business over the next 12 months. it _ federation of small business over the next 12 months. it has - federation of small business over the next 12 months. it has been i the next 12 months. it has been incredible _ the next 12 months. it has been incredible. we _ the next 12 months. it has been incredible. we have _ the next 12 months. it has been incredible. we have heard - the next 12 months. it has been incredible. we have heard a - the next 12 months. it has been incredible. we have heard a lotl incredible. we have heard a lot about— incredible. we have heard a lot about uk— incredible. we have heard a lot about uk plc _ incredible. we have heard a lot about uk plc and _ incredible. we have heard a lot about uk plc and talked - incredible. we have heard a lot about uk plc and talked aboutl about uk plc and talked about corporation _ about uk plc and talked about corporation tax _ about uk plc and talked about corporation tax in _ about uk plc and talked about corporation tax in full - about uk plc and talked about . corporation tax in full expensing and etc — corporation tax in full expensing and etc. haven't _ corporation tax in full expensing and etc. haven't really- corporation tax in full expensing and etc. haven't really heard - and etc. haven't really heard anything _ and etc. haven't really heard anything concrete _ and etc. haven't really heard anything concrete for - and etc. haven't really heard anything concrete for the - and etc. haven't really heard . anything concrete for the smes and etc. haven't really heard - anything concrete for the smes and as you _ anything concrete for the smes and as you know— anything concrete for the smes and as you know that _ anything concrete for the smes and as you know that is _ anything concrete for the smes and as you know that is 5.5— anything concrete for the smes and as you know that is 5.5 million - as you know that is 5.5 million votes — as you know that is 5.5 million votes for— as you know that is 5.5 million votes for you _ as you know that is 5.5 million votes for you. wonder- as you know that is 5.5 million votes for you. wonder if- as you know that is 5.5 million votes for you. wonder if you l as you know that is 5.5 million l votes for you. wonder if you can consider— votes for you. wonder if you can consider making _ votes for you. wonder if you can consider making a _ votes for you. wonder if you can consider making a commitmentl votes for you. wonder if you can l consider making a commitment to votes for you. wonder if you can - consider making a commitment to the smes and _ consider making a commitment to the smes and the — consider making a commitment to the smes and the things _ consider making a commitment to the smes and the things they _ consider making a commitment to the smes and the things they are - consider making a commitment to the smes and the things they are asking l smes and the things they are asking for and _ smes and the things they are asking for and looking _ smes and the things they are asking for and looking at _ smes and the things they are asking for and looking at the _ smes and the things they are asking for and looking at the vat— smes and the things they are asking for and looking at the vat threshold and employment _ for and looking at the vat threshold and employment alliance. _ for and looking at the vat threshold and employment alliance. we - for and looking at the vat threshold and employment alliance. we havel and employment alliance. we have already— and employment alliance. we have already done — and employment alliance. we have already done work— and employment alliance. we have already done work on _ and employment alliance. we have

already done work on business - and employment alliance. we have. already done work on business rates and rate _ already done work on business rates and rate payments _ already done work on business rates and rate payments but _ already done work on business rates and rate payments but some - already done work on business rates and rate payments but some sort. already done work on business rates and rate payments but some sort of| and rate payments but some sort of commitment — and rate payments but some sort of commitment in _ and rate payments but some sort of commitment in line _ and rate payments but some sort of commitment in line with _ and rate payments but some sort of commitment in line with what - and rate payments but some sort of| commitment in line with what you've done for— commitment in line with what you've done for the — commitment in line with what you've done for the basic— commitment in line with what you've done for the basic businesses? - commitment in line with what you've done for the basic businesses? let. done for the basic businesses? let me start done for the basic businesses? me start with a shout out for done for the basic businesses?- me start with a shout out for small businesses —— we want something along the lines of what you did for the big businesses. they are in many ways the backbone of this country and many people involved in fantastic businesses and, you know, i have been to see some of these businesses where there could be 100 people with a business that's been established during fantastic, innovative stuff, driving our country forward. massive contribution to the economy, of course. massive employer of people. anything you absolutely right to challenge to say we have always got to have us in our minds. there are plenty of things and i plan on small business. late payment is a really important commitment. what we do about business rates of the really important commitment. i think there is further we could go. a lot of

small businesses feel they shut out sometimes of procurement and access to contracts and i think that is something we could change as well so i do think there is a lot we can do for our small businesses because they are at the sharp end and i was bare in mind with small businesses that very often those running the business and notjust putting their personal money income at their own private wealth, they are putting a bit of their soul in and they are taking quite big risks with the businesses that they are running and thatis businesses that they are running and that is why it is important we have a government that supports them. thank you for the question, thank you for the challenge and we will continue to work with you in relation to small businesses. thank you. relation to small businesses. thank ou. ., ., ., .,~ relation to small businesses. thank ou. ., ., ., you. next, we are going to take you to the preperty _ you. next, we are going to take you to the property side. _ you. next, we are going to take you to the property side. melanie - you. next, we are going to take you to the property side. melanie leach| to the property side. melanie leach from the _ to the property side. melanie leach from the british property federation.— from the british property federation. ., ,, , ., ,, ., federation. thank you, sir keir, for our federation. thank you, sir keir, for your speech — federation. thank you, sir keir, for your speech for _ federation. thank you, sir keir, for your speech for today _ federation. thank you, sir keir, for your speech for today for _ federation. thank you, sir keir, for your speech for today for the - your speech for today for the clarity of the business partnership plan and, of course, from the

property sector for the focus on building. property is a sector that directly contributes over £137 billion each year to the economy but beyond that, we underpin all economic activity from the critical infrastructure of our logistics and warehousing to homes and offices of all shapes and forms to business premises that support life sciences and other fast—growing sectors to retail, hospitality and leisure and we think and invest for the long term. we have touched an industrial strategy already but my question is turned down might ask whether you can say anything more about your own understanding of the importance of a national green industrial strategy and i think the word green here is criticalfor and i think the word green here is critical for a and i think the word green here is criticalfor a sector and i think the word green here is critical for a sector that accounts for 25% of uk's carbon emissions and is working really hard and investing hugely in bringing that down and tackling the challenge but a national green industrials strategy with clarity of consistency, purpose and regulation which we have heard

about from regulation. to sectors such as real estate with billions of pounds more to investment choices about where to invest and a backdrop of similar economic and social challenges, including building more homes, which is facing this country across the world.— across the world. thank you very much for the _ across the world. thank you very much for the question _ across the world. thank you very much for the question and - across the world. thank you very much for the question and also l across the world. thank you very l much for the question and also the framing _ much for the question and also the framing of— much for the question and also the framing of the question which brings alive the _ framing of the question which brings alive the significance of the issues that you _ alive the significance of the issues that you raise. going to that central— that you raise. going to that central question with what you ask, the green _ central question with what you ask, the green transition, the transition that we _ the green transition, the transition that we are — the green transition, the transition that we are on, particularly in relation — that we are on, particularly in relation to— that we are on, particularly in relation to energy, to renewables, this is— relation to energy, to renewables, this is a _ relation to energy, to renewables, this is a transition that we have to make _ this is a transition that we have to make we — this is a transition that we have to make. we know we have to make it. other— make. we know we have to make it. other countries across the world and making _ other countries across the world and making that transition.— making that transition. never to wa s of making that transition. never to ways of looking _ making that transition. never to ways of looking at _ making that transition. never to ways of looking at this. - making that transition. never to ways of looking at this. one - making that transition. never to ways of looking at this. one is i making that transition. never to i ways of looking at this. one is that it is a huge obligation which is somehow imposed on all of us and we'll inhibit the way we run our businesses in the way we were our country. the alternative way i look at it is this is probably the single

biggest opportunity we have been presented with the decades in relation to the next generation of jobs, the technology of the future. and my concern at the moment is that the race towards the newjobs of transition is on. that race isn't about to start and we're sort of limbering up. the race is already happening in under this government we are back in the changing room and other countries are already getting ahead of us. sol other countries are already getting ahead of us. so i think we need to run towards the challenge. the key thing is, amongst the key things, and exactly what you had in the body of your question, which is clarity, certainty in the strategic approach and what we had with this government is chopping and changing in relation to the strategy for transition. that won't work and you've got to have a plan that takes you past the transition to what happens next and there are brilliant initiatives across the country in relation to transition but if you have a government that swaps the minister involved every five minutes, but

says one thing in relation to targets one thing and another thing in relation to targets the next day, then that inhibits the investment that needs to come in on the work towards the transition that i think we can make. so for me, this transition is a huge opportunity. next generation ofjobs, absolutely and for many years to come. when it comes to energy, lower energy bills because it would make this transition, the price will go down. we will not be so exposed internationally to, you know, tyrants like putin who at the moment is able to put his boots on our throat. so that a huge opportunities in this but we have to have a strategy, we have to have certainty, and we have to stick to it when it's challenged. when the government says in relation to the transition because it will be to stay in that day, most businesses don't say to me, own, you know, the exact precise midnight hour is what matters to worse. what they see is once you've picked a date and you have a strategy, stick to it because we are

already working to it. don't mingle and change it after the event. but thatis and change it after the event. but that is why it is amongst the reasons i want mission driven government, the sense of the driving purpose that survives the side wins of government that very often not government off course. we are determined to avoid that. thank you. —— not government off course. determined to avoid that. thank you. -- not government off course. moving on, all of -- not government off course. moving on. all of these _ -- not government off course. moving on, all of these ambitions _ -- not government off course. moving on, all of these ambitions do - -- not government off course. moving on, all of these ambitions do cost - on, all of these ambitions do cost money— on, all of these ambitions do cost money and — on, all of these ambitions do cost money and so we need to talk to people _ money and so we need to talk to people who actually provide money into this _ people who actually provide money into this economy. michael moore from _ into this economy. michael moore from the — into this economy. michael moore from the british private equity and venture _ from the british private equity and venture capital. they bow right there _ venture capital. they bow right there in — venture capital. they bow right there in front. my goodness. if that man a _ there in front. my goodness. if that man a microphone.— man a microphone. thank you very much. man a microphone. thank you very much- may — man a microphone. thank you very much- may i _ man a microphone. thank you very much- may i say — man a microphone. thank you very much- may i say i _ man a microphone. thank you very much. may i say i was _ man a microphone. thank you very much. may i say i was there - man a microphone. thank you very much. may i say i was there in - man a microphone. thank you very| much. may i say i was there in 2019 and in terms of business engagement things only got better, to coin a phrase. your emphasis on partnership

for growth, productivity, these are very important signals. we represent an industry with 12,000 businesses in the uk backed by private capital, 2 millionjobs, 90% of the businesses are smes and they are all of the uk. it is a real trick to attacked the international capital to the uk to a globally competitive investment community who then deploy that capital across the uk in different areas. the key, as the thing of today and i would just like your take on it, is that there is predictability. there is consistency in the policy framework so the energy transition and ai in whatever it might be, people know they will put their money to work today in five years' time or ten years' time it is the same framework that will exist. how would you make that real? i think this is one of the central issues and this has been deep in the conversation we have had in recent years because almost every investor across the world says to me we have

got money to invest, we're just not investing it in the uk at the moment because we don't see the conditions is the right conditions. there is too much topic of changing. there isn't a long—term strategy. it is politically funny to have four chancellors in one year as we did the year before last, to have four budgets in one year, but the economy it is hopeless. for people looking and wanting to invest it is hopeless. to have a government that says science and international agreements and pretend it is something else and tries to rip it up something else and tries to rip it up isn't about global britain. that is a really bad indicated to the world about the future of your country. the opportunity i hope that the next election is hugely important to reset the stability which is why rachel is so focused on stability. many people think that positioning is he going to the

election. it isn't about what we do the other side of the election if we get that far. it is instilling that stability and making sure the lessons we learnt the hard way under liz truss are never, ever repeated again, in this country, creating conditions of stability. that is why rate being absolutely cool about the fiscal rules on fiscal rules come first and they have a right everybody knows what the priorities are and having a strategy they say which is at the strategy for the next 12 months. strategy for the next 12 months. strategy for the next five years, maybe even ten years. sometimes for full blink when i say a decade of national renewal. we haven't run one election yet or even decade of national review renewal. we have got to be real about the stability we need which has to be measured in years not in months. that is why the roots we are putting down on stability are so

important and that is what is crucial for investment because if we want investors to come up alongside a country we have to show the leadership, stability, long sightedness and commitment again to concepts like the rule of law. we have excellentjudges in this country who through their work underpinned the contracts that you all depend on. that is a very good thing. we should be making sure that we understand properly why those things matter in this country and i genuinely hope that if we win the election, it's a reset moment for the country where we can make clear that stability matters for so many reasons, but not least because of the investment that i genuinely think it will attract into the country to allow the change that we need to happen at all and at a faster pace. thank you. but it such a central issue. i

faster pace. thank you. but it such a central issue.— a central issue. i really appreciate the question- _