The CBI welcomed the government’s Industrial Strategy, in which its five foundations were closely aligned with the key drivers identified in the CBI’s Unlocking Regional Growth report. The strategy marks the beginning of a strategic race that needs to last for the long term.
Nine in ten firms see a modern Industrial Strategy as vital to improving living standards in the face of Brexit uncertainty and a sombre economic outlook. This announcement shows the government has its eye firmly on the horizon, not just the next few yards. We welcome the recognition that success will require urgent action in partnership with business. This is the route to raising living standards in every corner of the country.
The hard work starts now. Today’s announcement must be the beginning of a strategic race, not a tactical sprint. And it needs to last. This is a time for consistency and determination, not perpetual change with the political winds. The creation of an independent council with teeth to monitor progress will help this.
The CBI ur