Lord Peter Mandelson speech to The Labour Party Conference 2009

The transcript discusses the importance of education and skills in the UK, emphasizing that individuals with higher education and skills contribute more to society. It highlights the need for innovation and stronger links between businesses and universities to ensure ideas are not confined to research labs. The text also addresses the necessity of financial support for industry growth and the role of government in facilitating this. Finally, it argues against relying solely on market forces, advocating for a balanced approach where government can help initiate viable projects.

What is the main argument against the belief that increasing access to education reduces its quality?

• More education leads to lower standards.

• Education should be exclusive to maintain quality.

• Increased access allows more people to contribute positively to society.

• Only a few should have the opportunity to attend university.

How does the speaker suggest improving the relationship between businesses and universities?

• By creating closer links to ensure ideas are utilized.

• By reducing research funding.

• By focusing solely on business needs.

• By limiting university research to theoretical studies.

What is the speaker's view on the role of finance in supporting industry?

• Finance should focus on financial engineering.

• Finance should be directed towards real engineering and innovation.

• Finance should be left to market forces.

• Finance should only support established companies.

What does the speaker believe is necessary for initiating important projects?

• Waiting for private investors to take interest.

• Government intervention to support viable projects.

• Reducing government involvement in the market.

• Relying solely on market forces.

What is the speaker's stance on the market's ability to solve issues independently?

• The market needs guidance and support for certain projects.

• The market should be left completely unregulated.

• The market is the only solution for economic growth.

• The market can always solve issues on its own.