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Understand the key findings from the latest ONS labour market overview, covering employment-related statistics.
Hill+Knowlton Strategies look at the different business recovery plans for navigating the COVID-19 pandemic.
Managing Director, Hill+Knowlton Strategies
Ian Price, CBI Wales Director, noted this is an extremely sad day for individuals set to lose jobs, for a company that has made such an immense contribution to the local economy and for Wales’ aerospace sector. He added:
“While charting a sustainable post-pandemic recovery is vital, we can’t lose sight of the compelling need to protect jobs and firms now. Further wage support to protect jobs, a new jobs programme to create opportunities and more funding for skills and training are essential to protect livelihoods and reduce the scarring impact long-term unemployment would have on our communities.”
Tracy Black, CBI Scotland Director, said easing social distancing rules will make a substantial difference to the viability of thousands of firms in Scotland. he noted the move will also have a material impact across sectors such as leisure, tourism and hospitality and added:
“With the easing of restrictions taking place at different speeds across the UK, political leaders must work in partnership to minimise confusion and maximise collaboration. Meanwhile, planning must take place now for a sustainable and inclusive economic recovery.”
Felicity Burch, CBI Director of Digital and Innovation, welcomed the Roadmap but called for more answers to the question of delivering on the 2.4% R&D target. She added:
“For businesses, quick wins that government can look to implement rapidly include increasing funding for Innovate UK, establishing new mechanisms to support business uptake of new technologies and strengthening the purpose of the Catapults by creating innovation zones or Catapult Quarters.”
Dame Carolyn Fairbairn, CBI Director-General, noted that the Prime Minister’s commitment to upgrade and decarbonise our transport infrastructure, in all UK regions and nations, lays strong foundations. She added:
“Upgrading and building new English schools, prisons and hospitals will mobilise the construction industry supporting millions of workers and job opportunities. And cutting red tape should help prioritise the building of widely available, truly affordable homes. Together with commitments on R&D and innovation, these are the first steps on the path to recovery."
Ahead of the government’s first review of its 14-day quarantine for international arrivals to the UK, the CBI urged the Government to ensure that the needs of business are considered. Matthew Fell, CBI Chief Policy Director, said:
“The travel sector has been disproportionately affected by the crisis. But right across the economy – from engineers to deal-makers – firms are chomping at the bit to restart service contracts and begin to win business for the UK in overseas markets again.”