Watch the webinar
- Deborah Fraser, Director - Regions, CBI (Chair)
- Callum Biggins, Director of Campaigns, CBI
- Katie Dash, Head of Everyone’s Business, Campaigns, CBI
- Jenny Herrera, CEO, Good Business Foundation.
- The CBI has sought to be positioned as a constructive partner with the government in shaping the economic policy response to a public health crisis.
- We want to be the go-to place for business insight, and we’re channelling that insight into government and Whitehall.
- We’ve sought to mobilise the business voice in producing solutions.
- We’ve deepened and broadened engagement, particularly on the health side.
- Government interventions we’ve welcomed:
- Investment in R&D and innovation will be vital
- Rishi Sunak’s jobs-led recovery
- Support for hospitality and leisure sectors
- Decarbonising the economy.
- Things we want to see prioritised:
- Nothing yet on the business rates review
- We want more detail on an extension of grant relief – more needs to be done to alleviate the concerns and pressures facing business
- 70% of firms are currently running low, or expect to be shortly, on cash.
- We’re also thinking about how to improve on a macro-level:
- Lock in the positive behavioural changes
- Thinking about how to deliver our ‘future economic vision’
- What can we do to ensure business has the raw materials right now to get their business back up and running?
- The economic restart affords an opportunity to build a stronger, fairer, and more resilient economy, and there is big public appetite for this.
- Polling from Britain Thinks shows that only 12% of Britons want to return to ‘the old normal’.
- The public recognise the efforts of business during the pandemic to support employees, customers, and communities.
- Our survey found 60% of respondents said their perception of business has not changed due to the pandemic.
- We’re seeing a shift in terms of employees who have a ‘good relationship’ with their employer.
- Our short-term priorities:
- Making sure the public are aware of the focus on ‘getting through’ the pandemic
- Returning to work.
- Our long-term priorities:
- Levelling up (economic growth, rebalancing)
- Climate change
- Lifelong learning.
- Why does responsible business matter? For the most part businesses ARE behaving responsibly, but every so often a story leaks through.
- How people are treated matters.
- Responsible behaviour matters because it cares about people.
- We run the Good Business Charter, and lockdown has given us a chance to re-examine this and improve outreach, website, and business engagement. We’ve worked hard to ensure the Charter appeals to businesses of all sizes and sectors. Small businesses welcome the opportunity to be accredited as ‘responsible’.
- Responsible and sustainable business is not just for big business. Any firm can build back better by caring for their employees and customers, being sustainable. These are the areas we focus on.
- During the pandemic, we have depended on some of the lowest paid staff in society. We do not want these to become dispensable assets. We all have a duty of care to those who work to make sure our businesses run properly.
- There’s a rising call for fairness in all walks of life. The Good Business Charter is something any business can apply for.
- Callum – From the Chancellor’s speech, we are now at the ‘hard part’ of the Covid-19 transition. The government is in the market for ideas, especially on how the recovery can be built on and expanded. Keep feeding in your ideas and experiences.
- Katie – Three things:
- The responsible business agenda is a journey. It starts with a conversation. It can be daunting, but take the first step as capacity allows
- On prompt payment, we will be doing some case studies on this
- BITC offer lots of practical toolkits for business – offering a matchmaker service for those wanting to help in their local community but who do not know where to look.
- Jenny – Focus on ‘Intentionality’. Do all employees have a means of ‘raising a concern to board level’? If not, what are you planning to do?