Liam Byrne has urged ministers to strengthen their investment plans ahead of the Budget after the government rejected or only partially accepted 31 recommendations from his committee.
The Business, Innovation, Science and Trade Committee published the response to its investment inquiry on Wednesday 21 October.
Ministers accepted 16 recommendations, partially accepted 18 and rejected 13.
Rejected proposals included further stock-market reform, changes to share stamp duty and dividend tax relief, and a ten-year ambition to triple venture-capital assets.
The committee welcomed commitments to expand lending guarantees and support angel-investor roadshows, while arguing that a more coordinated approach was needed.
Byrne said Britain had substantial long-term savings and strong scientific expertise but lacked institutions with sufficient capacity to connect capital with promising businesses.
He called for stronger public finance institutions and improved regional access to banking.
He said next week's Budget offered ministers an opportunity to demonstrate greater ambition for investment, skilled employment and business growth.
