CBI responds as main parties set out economic stall for next government

The CBI, who speak on behalf of 190,000 businesses of all sizes and sector, has responded to recent speeches made by Sajid Javid and John McDonnell.

Rain Newton-Smith, CBI Chief Economist, has said: “Getting our economy firing once more must be one of the top priorities for the next Government. Restoring dented confidence in the UK will help trigger major new investment into the country.

“Labour’s ambitions to eradicate regional economic inequalities and upgrading our networks to decarbonise are shared by business. The Conservatives new fiscal rules would allow the purse strings to be loosened to modernise our economic infrastructure.

“Any new spending must be planned responsibly to be sustainable, and more details will be needed on how both Labour’s and the Conservatives’ plans will be funded.

“But success will be built on more than money – businesses’ main message is simple: so much more can be achieved by working with business, not against it. As manifesto plans are finalised, open the door to enterprise as trusted partners.”

For further information visit the CBI website.