1 February 2018

Update

Westminster update

Following CBI attending Davos, CBI Director-General, Carolyn Fairbairn meets Labour’s senior team and joins the Prime Minister in China.

Westminster update

Last week, CBI Director-General, Carolyn Fairbairn and CBI President, Paul Drechsler attended the World Economic Forum in Davos. At the CBI hosted British Business Leaders Lunch, the Chancellor, Philip Hammond, spoke about how government and industry must work together to ensure that individuals, firms, and the whole economy are able to reap the benefits of new technology. CBI President, Paul Drechsler, also met with his equivalent at BusinessEurope, Emma Marcegaglia, to discuss the importance of the securing a good Brexit for business on both sides of the Channel.

This week, Carolyn met with the Leader of the Opposition, Jeremy Corbyn, Shadow Chancellor, John McDonnell and Shadow Secretary of State for Business, Energy and Industrial Strategy, Rebecca Long-Bailey to discuss business priorities, Brexit and Carillion. This was the first of what will become a regular meeting with Labour’s senior team and the other five business organisations, to discuss Labour’s business agenda and the CBI’s priorities.  

On Tuesday, Carolyn joined the Prime Minister, Theresa May, and the Trade Secretary, Liam Fox, on a trade mission to China, which also included the inaugural meeting of the new UK-China CEO Council featuring CEOs from UK and Chinese companies. Talks around market access and business environment were central to the trip with the UK standing to profit from China’s move from manufacturing and infrastructure into technology and services.

Elsewhere, engagement with select committee Chairs has been strong. CBI Head of Employment, Matthew Percival, met with Chair of the Home Affairs Select Committee, Yvette Cooper MP to outline the CBI’s priorities for a future migration system and discuss how the CBI can help with the committee’s work around post-Brexit immigration in the months to come.

CBI also invited Chair of the House of Commons Business, Energy and Industrial Strategy Committee Rachel Reeves MP to meet with the CBI and a number of trade associations in CBI membership to discuss the Committee’s sectoral inquiry on Brexit and the implications for UK business.

For more information please contact Hannah.collins@cbi.org.uk