To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
The government sees improved productivity as the cornerstone of its Levelling Up policy.
That means supporting the private sector – the real engine of wealth creation to invest more, grow more and take more risks
Economist David Smith has warned about the slow growth rate of the economy:
We are drifting, with 1% growth in sight.
This puts us well behind the USA economy and the Eurozone.
The government’s concrete proposals are a promise to boost domestic public investment in R&D by 40%; the creation of an Advanced Research and Innovation Agency, an investment of £3bn in British Business bank Regional investment Funds and a ‘target’ of £100m investment in three innovation accelerators. In the light of cutbacks in transport the other promise – to improve transport connectivity – already looks stillborn.
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Public procurement is too often solely made on price, and not enough on true value and to account for areas...
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