News from Cass Business School

Lord Mandelson discusses government industrial strategy at Cass

Wednesday, 14 October, 2009

Cass today welcomed Lord Mandelson, The Secretary of State, who reported on the progress achieved since the launch of the government's New Industry, New Jobs agenda last April.
At a joint event with the Department for Business, Innovation and Skills, Mandelson outlined the way in which New Industry New Jobs' is shaping how the government sees the recovery. He also discussed how the government is responding to the challenge implied by the public deficit, and how Britain can maintain and develop comparative advantages in the global economy.
Mandelson said: Today's unemployment figures are a reminder that a genuine recovery is marked not the return to growth alone, but by a return to sustained rising employment. While we don't know exactly what those jobs are going to be, we do know that a disproportionate number of them are going to come from innovative firms. They are going to come from new market entrants pioneering new technologies and low carbon. They are going to come from new investment.
Mandelson's speech was followed by three panel discussions covering lessons from international industrial policies, learning from historically successful sectors in the UK and development of horizontal policies. Each featured a panel of experts from the business community, policymakers and academics including: Bronwyn Curtis, Head of Global Research of HSBC; Martin Wolf, Associate Editor and Chief Economics Commentator of the Financial Times; Steve Haberman, Deputy Dean, Cass Business School; and Vicky Pryce, Director General, Economics, BIS and Joint Head, UK Government Economic Service.Steve Haberman said: Cass's mission involves education and research particularly education of the younger business professional. Clearly, education and business go hand-in-hand, each support one another in strengthening a modern economy. Reform is underway - at Cass, for example, as we recognise the need to engender creative, critical and ethical thinking in the leaders of tomorrow whereby they have wisdom, create opportunities, and do good by fostering the long-term health of their companies and by contributing to public debate.

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