21 November 2019
Carolyn Fairbairn, CBI Director-General said:
“The Liberal Democrats have been crystal clear that business is a force for good and many aspects of their manifesto will help enterprise flourish.
“Their commitment to work hand-in-hand with businesses to create a fairer and sustainable economy, for example by tackling regional inequality, supporting new parents and encouraging start-up businesses, is admirable.
“The UK is stuck in a productivity rut and greater innovation will be the key driver in turning that around, so modernising the R&D tax credit and aiming to raise R&D spend to 3% of GDP are highly welcome.
“Housing is a national infrastructure priority so it’s positive to see the Liberal Democrat addressing the nationwide affordable housing challenge, which will help businesses in every region attract, nurture and retain talented staff.
“But there is a mixed picture when it comes to infrastructure. HS2 is a vital project for the country and one which the Liberal Democrats rightly support. But the third runway at Heathrow is equally important and kicking the can down the road with a moratorium on airport expansions is not a viable option for a leading economy.
“Some of the proposals put forward sound good but are harder to achieve in practice. Business is at the forefront of tackling the climate crisis and the plans to insulate more homes and to increase renewables is welcome. But to electrify all rail lines and ensure all new cars are electric by just 2030 is very challenging.
“Meanwhile, some of the employment proposals raise questions as to how they might work in practice.”