John Allan issued stern warnings on Brexit and renationalisation as part of his address at the CBI Annual Dinner.
Speaking before a business audience including senior politicians at the CBI Annual Dinner, CBI President John Allan identified the Brexit gridlock and Labour's renationalisation plans as "threats" to the UK's future.
On Brexit, he highlighted the ever-growing cost of the ongoing negotiations, and issued a plea to all politicians to "do whatever it takes and do it fast” to resolve the mess.
Commenting on the Prime Minister’s decision to bring back the Withdrawal Bill, he added: “Be in no doubt political failure today means economic failure tomorrow. We need to find a way through.”
On renationalisation, he argued the plans risked investment at a time when the UK needs to remain open to the world.
But his answer for both threats was the same: change how we do politics in this country, and take a fresh approach in business to strengthen the partnership between the two.
Forging a better partnership is vital for the UK to tackl
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