A truly globalised UK economy can increase output and productivity, boost living standards, and offer consumers lower prices and more choice.
As part of the CBI’s Seize the Moment campaign, the globalised economy theme has three key priorities to help business and government go for growth. These priorities include building a successful post-Brexit relationship with the EU, seeing a step change in UK exports across the country with new markets around the world, and business and government working in partnership on the ‘Global Britain’ agenda.
Business has a key role to play in shaping, leading, and embracing the international agenda to help make the UK a more competitive, dynamic and future-focused economy.
To read more about the prizes on offer for businesses in the Globalised Economy theme, take a look at the CBI’s Seize the Moment report presenting an economic strategy to transform the UK economy.
So, what is the CBI doing?
The CBI’s 2022 International policy work will focus on three main areas:
1. An exporting superpower
Selling goods and services overseas increases business productivity and growth and has a big impact on regional and national economies. With around 10% of UK businesses currently exporting, more must be done to position the UK as a thriving, open and global economy for generations to come. This means a world-leading level of ambition, backed by action.
To boost exports, the UK must ensure companies of all sizes and in every region and nation can seize trade opportunities worldwide. The CBI will be working with the government on delivering the UK's Export Strategy, ensuring more companies can take advantage of opportunities that government is providing, including through new trade deals.
2. A global leader
The challenges and opportunities of our time demand a new era of global collaboration that reverses the nationalist retreats of recent years.
In an ever-changing global landscape, trade and foreign policy are intrinsically linked. Whether this is through tariff agendas, energy diplomacy, investment screening, or the redirection of critical supply chains, countries are willing to use economic policy to achieve political ends – sometimes at the expense of the rules-based system.
The UK must ensure that the interests and competitiveness of British business are considered in the country’s foreign policy development and aids the UK in showcasing its ambition and leadership on the world stage.
The CBI will be working with businesses to shape and drive this position, with the support of the government.
3. A new relationship with Europe
The European Union is the UK’s largest trading partner. It’s also geographically our closest. Maintaining a strong relationship with the EU will ensure the UK remains a serious competitor on the global stage.
The UK-EU Trade and Cooperation Agreement is a starting point for greater ambition and cooperation in critical areas - like business travel, financial services and energy – to remove market access barriers and increase trade.
Collaborating closely with our members, the CBI is working with the UK government, EU institutions and Member States to solve shared challenges, ease the cost of trade and boost UK competitiveness.
Globalised Economy in 2022
2022 will be a big year for the Globalised Economy theme at the CBI with opportunities for your business to shape, lead and embrace change. To find out more about what 2022 has in store, read our shared plan to deliver for business this year.