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Prepare for the UK’s new immigration system with business-focused guidance from the CBI and Deloitte
Your monthly guide to understanding what’s going on in the UK economy and how it may impact your business.
Anna Leach
Deputy Chief Economist
Vodafone discuss how supporting a diverse range of employees – and investing in their development and wellbeing – will be critical for every business as the UK recovers
Helen Lamprell
Vodafone
As the voice of UK business, we campaign for the changes that deliver prosperity for all. As a policy maker, by working with business you can help drive that change. Find out more about the issues that matter.
Ian Price, CBI Wales Director, said want to understand the key data points influencing decisions and to be confident that the severe measures put in place will deliver the desired result. He added:
“For the Welsh hospitality sector to weather the storm, additional business support is absolutely critical. Resources must be made available to firms immediately, with clear information and a designated point of contact created to help them access it. Anything less and it will be last orders for the community pubs, restaurants and cafes that we all value so highly.”
Matthew Fell, CBI Chief UK Policy Director, said lessons must be learned from previous local lockdowns. Boundary lines between different tiers need to work on the ground. Trigger points for exiting the higher tiers must be transparent. He added:
“It’s vital that firms receive the financial support they need to make it through to the Spring. Clarity about ongoing employment support, including the Job Retention Bonus, will help protect as many jobs as possible."
Rain Newton-Smith, CBI Chief Economist, said through his statement, the Chancellor has made some bold autumn decisions to power a Spring recovery. She added:
“But ambition must be matched by action on the ground. The Government’s commitment to build, build, build must be delivered now. This means a clear strategy to upgrade the UK’s infrastructure and publishing the Energy White Paper."
Matthew Fell, CBI UK Chief Policy Director, said as the UK begins to eye a recovery in 2021, attention is rightly turning to how to create new jobs. He added:
“The scarring effects of long-term unemployment are all too real, so the sooner more people can get back into work the better.”
Josh Hardie, CBI Acting Director-General, said while the announcements brought clarity, further commitment to financial support would still be needed for thousands of struggling companies.
“The combined efforts of business, government and society should now focus on helping restrictions ease, not tighten once more. A six-week mass, rapid testing surge could be a game changer. It should be backed with a Christmas that gives much needed family time, while avoiding an economic hangover in January."
