Downing Street Says » World Economic Forum

Asked whether Britain was making a specific commitment to the Gates Foundation, the PMS said the money was being allocated from the budget of the Department for International Development.

Asked whether the specific plan for EU growth that the Prime Minister had outlined in his speech that morning would involve cutting business regulations to free up small businesses, the PMS said that that was correct, but that more detail would follow in the coming weeks, with a European Council meeting next week, when innovation was on the agenda, and then another in March, when economic reform was usually the main topic.

Asked which countries the Prime Minister had been describing as authoritarian in his speech, for instance China or Russia, the PMS said no countries had been singled out. He added that many of the challenges faced by the world’s advanced economies were the same, and that the Prime Minister had been contrasting different economic models, such as the Western democratic capitalist model and the benefits of it, and the fact that, for example, clarity in the law and the rule of law was very important for businesses.

Asked whether the Prime Minister believed that progress could be made on the single market in Europe, the PMS said that the Prime Minister had spoken to his counterparts in other countries recently about this and they understood the importance of not loading additional costs and burdens on businesses at this time. The prospects for growth in Europe meant you could not just sit back and expect it to happen. We needed to work to ensure there was sustainable growth across the European Union.

Asked for the Government’s view on the Dutch Prime Minister’s call for enhanced co-operation on a single market, the PMS said that it was something that needed to be looked at. If there was a problem unlocking the process, then the UK may want to consider different options. The PMS added that the Prime Minister had said something similar on trade. While it was important to push ahead with Doha, it was also important to pursue bilateral deals too, such as the agreement the EU developed with Korea.

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» Friday, January 28, 2011

World Economic Forum

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