2020 was a historic year for the economy for all the wrong reasons, with a record decline in output of 11%. As we move into 2021, recovery remains challenging. Our member discussions have focussed on the struggles of dealing with Brexit and further lockdown restrictions, but with a clear message that government must not take its eye off longer-term policy focus needs.
With the need for both continued financial support and a roadmap for reopening the economy in the short term and long-term, the UK will desperately need to recover and thrive. How can the industry best put across the case for a two-speed approach?
At the CBI, we're thinking with ‘varifocal lenses’ about how this can happen. The year ahead brings plenty of opportunities to influence government spending with a March Budget, Comprehensive Spending Review, and a possible Autumn Budget. With the G7 and B7 on home soil, there is a bi