9 June 2017

  |  CBI Press Team

News

Never been more important time to refocus on the economy & plan with confidence

The business response to the General Election 2017 results

Never been more important time to refocus on the economy & plan with confidence

The CBI has updated its response to the General Election results, following an agreement between the Conservative party and DUP to form a new Government.

Carolyn Fairbairn, CBI Director-General, said:

“With a new Government, there has never been a more important time to refocus on the economy and plan with confidence and ambition. The next Government needs to deliver an open, competitive and fair post-Brexit economy that works for everyone across all our nations and regions.

“This can only be achieved if the next Government doesn’t put the brakes on business, remains open to the world and sets out a pro-enterprise vision.

“We need to move much faster to fix the foundations of the UK economy and our productivity problem. We need meaningful progress on a modern industrial strategy by the end of the year, with real change on the ground on skills, infrastructure and innovation. 

“With only ten days before Brexit talks begin, the UK needs to be fast out of the blocks. Agreeing transition arrangements and guaranteeing EU citizens’ rights should be early priorities to get the talks off to a good start and show to the world that trade and people come first.

“Firms will support the UK develop our inclusive, innovative and open economy. More than ever, the new Government must work together with business to make the most of the opportunities ahead. Firms can provide the evidence, ideas and solutions from the shop, office and factory floor to secure our future prosperity.”