Delivering one of this year’s Roscoe Lectures, the CBI Director General argued the plans will cause profound harm to the country’s economy.
In her speech at Liverpool John Moores University, Carolyn recognised that the Labour Party was asking the right questions about the UK’s infrastructure, utilities and public services. But she said its proposals represent “the biggest departure from economic consensus” in thirty years, which would cost the country over £175bn. And with nearly 8 million pension pots invested in businesses Labour wants to re-nationalise, workers and older generations could end up poorer as a result.
She went on to provide alternative solutions to ensure businesses work at their best, including shareholder dividends only be paid if a company has delivered for its customers and companies demonstrating how they will bolster local business.
Transcript
Thank you, it’s a real honour to be here with you in Liverpool, and in this magnificent theatre.
I must admit it’s a little daunting to look back at the list of people who have delivered Roscoe Lectures in the past.
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