What was announced, where the CBI had impact, and what it means for your business
The government has set out a credible, long-term Industrial Strategy, which focuses on the areas of the economy where the UK can genuinely compete and win global market share. This sends a clear and positive signal - not just about the UK's economic ambitions but also about the country's global position and direction of travel for the next decade and beyond. The government has been clear that this is not the finished product but an ongoing conversation with industry to ensure delivery in collaboration over the next ten years and beyond.
The CBI has long advocated for a comprehensive industrial strategy, based on the UK's USP: the sectors and markets where we can compete to win on the global stage. Firms will welcome the acknowledgement of the integral role of foundational sectors in delivering growth and the strategy's objectives.
To ensure success, investors need to see the right conditions in place for the Industrial Strategy to
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