Budget to set the tone for post Brexit Economy
11 October 2018
Stakeholder engagement increases as Party Conference season finishes and Autumn sets in.
Last week at Conseravtive Party Conference, CBI Director General, Carolyn Fairbairn, Deputy Director-General, Josh Hardie, and Chief Policy Director, Mathew Fell, met with Conservatives stakeholders including Chief Secretary to the Treasury, Elizabeth Truss, Immigration Minster, Caroline Nokes, the Prime Minister’s Europe Special Adviser, Raoul Ruparel and Deputy Chairman of the Conservative Party, James Cleverly as well as Minister of State for Employment, Alok Sharma. They discussed a wide range of issues including UK competitiveness, skills and employment, and Brexit.
This week, following the CBI’s Budget submission, CBI Director General, Carolyn Fairbairn met Philip Hammond, Chancellor of the Exchequer. The meeting focused on Carolyn talking through the three key areas of the submission that will help unlock growth. In particular, Carolyn outlined the CBI’s proposals to reform business rates to ensure firms can invest and grow, how to build on recent announcements to make the apprenticeship levy work and finally, talked about ways to improve capital allowances to drive investment particularly in digital and low carbon technologies.
Also, this week, CBI President, John Allan, met William Vereker, the Prime Minister’s Business Envoy to stress the importance of business working with government to build a more prosperous society. John also raised businesses’ concerns surrounding the future immigration system post-Brexit following from last week’s announcements at the Conservative Party Conference. Finally, John reiterated the importance the CBI is placing on the UK domestic agenda.
Finally, today, the CBI has brought together Permanent Secretaries and business leaders for its annual Sunningdale meeting to discuss the importance of the UK’s competitiveness in delivering shared prosperity and how better results for communities can be achieved through targeted intervention in collaboration with business.
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