6 November 2017

  |  CBI Press Team


CBI responds to Prime Minister Theresa May's speech

The CBI has responded to a speech by Prime Minister Theresa May at the 2017 CBI Annual Conference.

CBI responds to Prime Minister Theresa May's speech

Carolyn Fairbairn, CBI Director-General, said:

"From the UK’s domestic opportunities to Brexit, the Prime Minister reassured businesses at the CBI conference that they share a vision for a strong economy built on fair, competitive markets. These welcome words must be followed through: clarity on industrial strategy and Brexit ambitions must be matched with urgent delivery. Firms will do all they can to make this happen."

On industrial strategy, Carolyn said:

"The Prime Minister gave her wholehearted backing to a modern industrial strategy that backs dynamic, responsible business rather than heavy handed intervention. 

"Four out of five firms are clear that industrial strategy is the fundamental building block of a fair UK economy with great jobs and rising living standards. 

"With the pace of change of technology accelerating, business and government must move quickly, together, to transform innovation, skills and infrastructure to boost all sectors and regions. 

"The CBI has been clear this must be delivered in the partnership of the century between firms and the Government, with a pro- enterprise environment that unlocks more investment. The Prime Minister’s commitment to this is welcome."

On Brexit, Carolyn said:

"The Prime Minister reaffirmed the Government’s full commitment to the Florence speech and a status quo transition. This is essential for firms across the country, providing much needed stability and avoiding a catastrophic cliff-edge scenario. 

"All in the Government must embrace this: the road to a Florence Deal must be swift and have no deviations. Every opportunity must be taken to reduce uncertainty for the sake of jobs and the economy." 

On harassment in the workplace, Carolyn said:

"Sexual harassment in all forms is totally unacceptable and has no place in any workplace in this country. Businesses take the wellbeing and welfare of their employees very seriously, but there is no place for complacency as this sadly remains all too common. The UK’s business leaders will help stamp out sexual harassment in the workplace."