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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 this month.
CBI Director of Digital and Innovation Felicity Burch welcomed the publication of the government's productivity review, which contained several CBI recommendations:
“The next government will need to have a concrete plan to tackle the UK’s productivity puzzle. This review provides some clear cut answers from increasing funding for Knowledge Transfer Partnerships to creating benchmarking tools to help firms understand the productivity challenge."
The government-commissioned Changes and Choices report sets out independent advice on the design of UK funding schemes for international collaboration and innovation. Felicity Birch, CBI Director of Digital and Innovation, comments:
“Businesses and universities conducting research rely on international collaboration to thrive – they require access to talent, skills and funding. It is welcome that government is looking at alternatives to provide stability for firms to continue to invest in UK R&D."
The CBI welcomed the Treasury Select Committee’s report reaffirming the CBI’s position that the business rates system is broken and in need of urgent reform. Annie Gascoyne, CBI Director of Economic Policy, said:
“At the last General Election, all political parties recognised the need to reform the business rates system. Firms hope that this commitment will be made in manifestos in the coming weeks.”
The CBI's Director of Digital and Innovation Felicity Burch has responded to the government’s £1bn deal with industry to tackle poor rural connectivity.
“The CBI welcomes this industry-government proposal to eliminate not-spots across the UK, which in turn will unleash investment and boost productivity. This is another crucial step in making the UK match-fit for the digital revolution.”
CBI Director-General Carolyn Fairbairn has responded to the publication of the Withdrawal Agreement and Political Declaration:
“If this deal does pass Parliament, firms will do everything possible to make it work for communities across the UK. Business will continue to challenge the Government to negotiate the vital future partnership on the basis of economic evidence.”