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Policy Adviser, Digital and Innovation, CBI
In the latest Economic snapshot, the CBI's Chief Economist highlights the major economic trends business leaders need to know about.
CBI Northern Ireland Director Angela McGowan has welcomed the agreement of the Stormont deal and made the call to reaffirm Northern Ireland’s reputation as a great place to do business. She added:
“CBI Northern Ireland will continue to work with policymakers and bring evidence to the table, so that together we can deliver ambitious solutions to the economic and environmental challenges that we face.”
Business shares the Government’s ambition for a higher wage, said CBI Chief UK Policy Director Matthew Fell. He added:
“It’s vital that the Low Pay Commission has the full range of tools at its disposal to judge the evidence base, pace and affordability for any future rises to ensure the UK’s successful job creation story continues into the coming decade.”
CBI Chief Economist Rain Newton-Smith has warmly congratulated Andrew Bailey on his appointment as the new Governor of the Bank of England:
“His strong experience, both in Threadneedle Street and at the Financial Conduct Authority, means he is particularly well placed to steer the British economy through the new course it will take after Brexit, and through challenging global economic times."
CBI Deputy Director-General Josh Hardie had responded to the Queen's Speech:
“The Prime Minister can have confidence that business is up for the challenges ahead. To make this Queen’s Speech a real Christmas present for the country, it’s time to bring together all the investment, skills and creativity of the public and private sector and get to work.”
CBI Chief UK Policy Director Matthew Fell has welcomed the findings of the Brydon Review of the audit industry, which should help it continue to evolve to meet the growing expectations of the market. He added:
“The Brydon review was always going to be the guiding light to inform all other changes around the audit market. Its publication means that 2020 can be a year of positive action following a series of consultations.”