Launching a joint report on product, services and capital markets with European competitiveness minister Helen Liddell, Brown said steps taken by the government would strengthen competition, encourage enterprise and innovation, improve conditions for investment and enhance public sector productivity.
'The reforms to our product, service and capital markets are designed to promote more competitive, innovative, open and flexible markets which enable firms to grow and deliver a better deal for the consumer,' Liddell said.
The report provides a further update on specific examples of UK policies where reform is in progress. These include: the new Competition Act, electronic commerce, research and development, financial services and venture capital - where the government is introducing a new Enterprise Fund.
The report, produced annually by European Union member states at the request of the Cardiff European Council last year, provides an update on action to reform product, services and capital markets to strengthen competition, encourage enterprise, innovation and investment.
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