First of all, we agree. I agree completely with Victoria's list. There are some excellent suggestions in there.
One of the points she made that I'd like to elaborate on, or offer our own take on, is the tax policy issue. I think that it's important. We 100% agree that it's important to have the tax and the regulatory systems right. What we think that means is that it needs to encourage entrepreneurship, innovation, and growth. It's the growth part of it that's important here.
We don't want to get stuck having a tax system that simply rewards companies for being small and remaining small and that creates a large marginal tax gap wall that prevents companies from growing beyond a certain size. That's one of the issues we have in the manufacturing sector. If you look at our industry compared with the U.S., Germany, or other advanced countries, we skew to the small end. It's not exclusively because of tax policy, but it doesn't help.
Tax innovation that will encourage investment in new technologies, new machinery and equipment, new skills training, and will encourage growth rather than being small would be a huge step in the right direction.