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New CBI and Microsoft report outlines common ‘digital dilemmas’ and practical steps to help your business innovate.
Valloop CEO, Stephen Greenwood, on how a tide of employee-owned SMEs can transform the UK’s economic and social landscape by 2030.
Flora Hamilton, CBI Financial Services Director, welcomed the much-needed clarity for UK firms. She added:
“At such an uncertain time, this court case provides... relief for smaller firms struggling with cashflow. This is significant news for insurers, and regulators will need to work closely with the industry as policies, products and processes are updated to reflect this ruling.”
Alpesh Paleja, CBI Lead Economist, said with the country locked down for virtually all of November, the reduction in economic activity comes as no surprise. He added:
“Getting on top of the pandemic remains key to reigniting the economy. Businesses stand ready to lead the revival and continue to look to the Government to help them through to the recovery phase.”
Tracy Black, CBI Scotland Director, said businesses have a clear responsibility to help all employees who can work from home to do so. She added that when well organised, click and collect services instinctively feel like a safe way for firms to keep trading.
“It’s really important that the Scottish Government sets out compelling evidence that these services are a source of transmission and provides additional, urgent support to compensate for what would be a further loss of revenue in increasingly challenging times.”
Tracy Black, CBI Scotland Director, said the announcement of a further extension to COVID-19 support grants for the hospitality, leisure and tourism sectors is welcome and will undoubtedly help some of Scotland’s hardest-hit firms as they struggle with evaporating demand and day-to-day cashflow challenges.
“There is however no doubt that severe restrictions, while both understandable and necessary, are having a significant impact on jobs and livelihoods across the Scottish economy. After 10 months of adaptation, closure and sacrifice, businesses need to see clear evidence for these decisions.”
Matthew Fell, CBI UK Chief Policy Director, welcomed the Plan saying rapid roll-out of the programme would be crucial for business survival and getting the economy fully operational.
“Throughout the pandemic, business has stepped up at the service of the nation. It can do so again. The country needs an army of volunteers to deliver the vaccine programme, so where they can, firms should strive to make it easy for staff who wish to help. This won’t always be possible, of course, but businesses should be as accommodating as they can. And flexibility will be key when the time comes for staff to receive the vaccine."