For several years we have taken our eye off the competitiveness ball. As a country which depends crucially on being able to attract foreign investment, our success is directly related to our overall competitiveness. It is a mixed bag, consisting of our labour costs, taxation system, regulation regime, insurance costs, infrastructure and the quality of life that we have to offer. If we remain broadly competitive across the majority of these parameters we will continue to attract overseas investment and the companies that operate from here will be successful in their export markets.