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A new CBI paper outlines the government action needed in 2021 to deliver the 10 Point Plan for a Green Industrial Revolution.
Policy Adviser, Energy and Climate Change
Russell Antram, CBI Head of EU Negotiations, said securing a positive decision on data adequacy from the EU was a priority for thousands of businesses across the UK – and today’s announcement will be a massive relief.
“The free flow of data between the UK and the EU is essential for businesses across the economy – from automotive to logistics – playing an important role in everyday trade of goods and services."
CBI Director-General, Tony Danker, said there are really positive signs about the economic recovery ahead this year and next. The imperative now must be to seize the moment to channel this investment into the big drivers of long-term UK prosperity.
“Clearly this does not apply to the hardest hit sectors from the pandemic who even now face continued delays and genuine challenges to stay viable. Extending the commercial rent moratorium will help keep some firms’ heads above water, but the Government must also do the same on business rates relief."
Matthew Fell, CBI Chief UK Policy Director, said:
"The extended moratorium will come as a relief for many, but with much of the economy already open and trading this was a missed opportunity to resume normal market activity for those tenants and landlords who are in a position to do so. Many have already agreed new leases and debt settlements, yet there is a minority of firms that should be paying rent, but are not."
Rain Newton-Smith, CBI Chief Economist, said the Agreement in Principle marks a significant milestone towards a full trade deal with Australia. She added:
“It is essential now that both sides finalise negotiations and ensure meaningful safeguards are put in place for industries, including agriculture and high environmental standards. Businesses must prepare to seize the moment by exploring the growing opportunities of trading with Australia.”
Tony Danker, CBI Director General, said with just under five months until the UK hosts COP26 we need to raise global ambitions and make this the boldest year of net-zero action yet.
"This means securing stronger, binding commitments and concrete plans from every country to deliver the Paris Agreement. It also requires the UK to accelerate a global approach to carbon markets, sustainable finance and the shift to clean power."