CBI responds to announcement of Jonathan Reynolds as new Business Secretary

Louise Hellem, CBI Chief Economist, said:  

Congratulations to Jonathan Reynolds on his appointment as Secretary of State for Business, Innovation, Science and Trade. Having previously served in the role, he brings a clear understanding of the challenges facing business and will be able to hit the ground running – particularly when it comes to delivering the Industrial Strategy launched during his previous tenure.   

"Following the announcement of help for household energy bills, firms will be looking for the government to take equivalent action on business energy costs – which remain among the highest in the developed world and continue to hold back investment and growth.

“From fixing the burden of energy and employment costs to helping employers provide opportunity through work and training, we look forward to working with the new Business Secretary to help unlock private sector investment, drive growth and boost prosperity across the UK economy.”