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New CBI member guide highlights the practical steps businesses can take to support their staff’s mental health as we emerge from the pandemic.
Your April guide to the UK economy.
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John Foster, CBI Director of Policy, said knowing the Covid roadmap is on track can help create the economic momentum the country needs as the second phase of reopening begins. He added:
“Restarting international travel is vital for all parts of the economy, including tourism. The new traffic light system is a simple, risk-based approach that business has been calling for. It should be implemented alongside straightforward border arrangements, advance testing where necessary, and high-quality communications about any future changes to a country’s status."
Ian Price, CBI Wales Director welcomed the publication of the route map for a economic restart in Wales that puts safety first, but added a unified approach across the UK was vital for instilling public confidence:
“We know from experience that the economy can’t be turned on and off like a light switch, meaning that a challenging and uncertain few months still lie ahead. Every effort should be made to support businesses as they seek to get back up and running following such a long-term break in trading."
Matthew Fell, CBI Chief UK Policy Director, recognises progress has been made, but argues there is a long way still to go on supporting the career progression of ethnically diverse employees:
“When it comes to supporting the career progression of ethnically diverse employees, transparency is the watchword. And while progress has been made, there is a long way to go."
Flora Hamilton, CBI Financial Services Director, said effective regulatory cooperation between the UK & EU on financial services will lead to better services for customers.
“Together with earlier draft data adequacy decisions, businesses will want this Memorandum of Understanding to signal growing services cooperation between the two trading partners.”
Rain Newton-Smith, CBI Chief Economist, said this latest relief will now help some of the forgotten supply chain businesses hit indirectly by restrictions and offers more support to the devolved nations, so credit to the Government for listening to the concerns of business. She added:
“It’s a tricky balance to strike, but other firms whose revenues have been hard hit by the crisis will certainly be highly frustrated that their appeals for discounts will be null and void now.”
