most dynamic economy. that means tackling our long standing productivity issues, including two in particular which i address today. lower business investment and higher economic inactivity, than other countries. too often companies struggle to recruit and when even when they do output per employee is lower. today i set out the four particulars of our industrial strategy to address these issues. colleague also know from my bloomberg speech they all conveniently saturday with the letter e. enterprise, employment, education and everywhere. i start with, i start madam deputy speaker, with, i start madam deputy speaker, with everywhere, our measures, well they may not want to level up growth across the united kingdom, but we do. this government, this government was elected on a mandate to level
world leader in offshore wind. other parties talk about a green energy revolution, so i gently remind them that nearly 90% of our solar power was installed in the last 13 years, showing, showing it is the conservatives who fix the roof when the sun is shining. now, let s turn to what the obr say about our growth prospects. in november, they expected that the uk economy would enter recession in 2022, and contract by 1.4% in 2023. that left many families feeling concerned about the future. but today, the obr forecast we will not enter a recession at all this year, with the contraction ofjust 0. 2%. the uk economy will grow in every
second e, enterprise. we need to be, we need to be, this has never been something of interest to the labour party, but the conservatives. the conservatives, we won t rest until we are europe s most dynamic enterprise economy. and under a conservative government, that is exactly what has been happening. since 2010, we have won million more businesses in the uk, a bigger increase than germany, france or italy. but i want another million and another million after that, so today i bring forward enterprise measures in these three areas, to lower business tax, reduce energy costs and support our growth industries. so let s start with business taxation. conservatives know the importance of a competitive tax regime, we already have low levels of business taxation than
manchester prize in its honour. madam deputy speaker, we want the uk to be the best place in europe for companies to locate, invest and grow. so today s enterprise measures strengthen our technology and life science actors, invest in energy security and, for three years, i hope permanently, cut corporation tax by £9 billion a year to give us the best investment incentives of any advanced economy. an enterprise economy can only grow if it can hire the people it needs. which brings me to my third pillar, after everywhere on enterprise dot mark dry said it was a growth budget, madam deputy speaker. we are talking about the e of employment. i m going to talk about a difficult topic for the