Act fast and build long-term vision for UK business, CBI advises new PM

The election today of Boris Johnson as leader of the Conservative party and therefore Prime Minister represents both a pivotal time for politics and business, says business group the CBI, as it sets out the views of its members in a manifesto for the UK’s new PM.

Designed to provide the new government with the group’s view of how best to get the UK economy back on track, the document is informed by conversations the CBI and intends to help “foster a more collaborative partnership between government and business”. Johnson has an opportunity to “inject a new lease of life into the economy” and to show the world the UK is open for investment.

“Though the UK remains a fantastic place to do business, questions are being asked. Ongoing Brexit uncertainty; renationalisation threats; ambiguity over Heathrow, HS2 and Northern Powerhouse Rail; and possible unilateral action on taxation are making investors think twice,” it stated. “Now is the time to restore the UK’s reputation as a stable and trusted country to do business.”

The CBI’s manifesto: Getting back on track (Source: CBI)

Setting the tone for the CBI’s engagement with the new government, the group's manifesto calls for action in three areas:

• Act fast to show the world that the UK remains a trusted place to do business
End uncertainty surrounding major infrastructure projects; fix broken policy from the apprenticeship levy to business rates; build an immigration system that works for enterprise; and prioritise a tax environment that is fair for all.

• Build a compelling economic vision for the UK of the future
A stronger, long-term vision is needed with bold action on skills, infrastructure, innovation and trade.

• Back business as a force for good
Business has so much to offer our communities – including improving employee engagement, upskilling young people and helping to meet the UK’s ambitious net zero carbon target. It’s time to tackle inequality through a collaborative, pro-enterprise culture.

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