Quote —
“After Brexit, after Covid, and after COP, the UK must – and can – build the most competitive, dynamic and future-focused economy in the world. With business at the heart of social progress and acting in the service of the nation.”
CBI responds to Skidmore (Net Zero) Review
Tom Thackray, CBI Decarbonisation Director, said:
“There is no growth without green in the future. The review expertly shows that accelerating the UK transition gives us the best chance of capitalising on a global economic opportunity. But with fierce international competition we need bold and decisive policies from Government to keep us ahead of the pack.”
13 Jan 2023CBI responds to latest GDP figures
Alpesh Paleja, CBI Lead Economist, said:
“While the economy performed better than expected in November, the data can’t mask the underlining problems in the UK economy. High inflation is severely impacting household budgets and businesses are facing intense cost pressures. As a result, consumer spending and investment plans are weakening."
13 Jan 2023CBI responds to extension of support on business energy bills
Tom Thackray, CBI Director for Decarbonisation Policy, said:
“It’s unrealistic to think the scheme could stay affordable in its current form, but some firms will undoubtedly still find the going hard. The Government has done much to protect businesses through the energy crisis. It must remain open, flexible and pragmatic in its approach to volatile wholesale energy markets as the year unfolds."
09 Jan 2023CBI responds to Bank of England interest rate decision
Alpesh Paleja, CBI Lead Economist, said:
"With monetary policy focused on tackling inflation, the government must use economic levers to stem the severity of an oncoming downturn, but also to address the UK’s persistent weakness in investment and productivity. We cannot afford to have another decade where both are stagnant."
15 Dec 2022CBI responds to latest inflation figures
Alpesh Paleja, CBI Lead Economist, said:
“Government support has been considerable already, but with the UK set to fall into a recession, targeted measures must be extended to those that need them most. In particular, businesses need clarity on a targeted extension to the Energy Bill Relief Scheme, which should be aimed at supporting heavy energy users.”
14 Dec 2022CBI responds to December 2022 labour market statistics
Matthew Percival, CBI Programme Director, Skills & Inclusion, said:
"Business and government need to pull every lever to ease shortages, including helping more people to overcome the barriers like the cost of childcare and ill-health that are preventing them from working, investing in technology and new ways of working to boost productivity, and investing in skills.”
13 Dec 2022CBI responds to October 2022 GDP data
Alpesh Paleja, CBI Lead Economist, said:
“As we approach 2023, the Government has a choice to make between action and inaction. The Prime Minister and Chancellor must use levers of growth not only to stem the severity of an upcoming downturn, but also to address the persistent weakness in investment and productivity. We cannot afford to have another decade where both are effectively stagnant.”
12 Dec 2022CBI responds the Chancellor’s ‘Edinburgh Reforms’ of the financial services sector
Flora Hamilton, CBI Director of Financial Services, said:
“The Chancellor’s decision to bring industry experts together to determine the opportunities and risks associated with divergence represents a sensible approach to the post-Brexit regulatory environment in financial services. Developing this cooperative approach across the economy will support a new regulatory approach, one more geared towards delivering better result for consumers, for the environment, and ultimately the economy.”
09 Dec 2022CBI responds to Norfolk and Suffolk devolution announcement
Richard Tunnicliffe, CBI East of England Director, said:
“Our members have supported discussions every step of the way. They now stand ready to help make the East of England an exemplar of ambitious, long-term collaboration between the public, private and voluntary sectors.”
09 Dec 2022Government support scheme must target heavy energy users
Matthew Fell, CBI Chief Policy Director, said:
“Government support has been considerable already, but with the UK falling into recession, we must ensure any downturn is short and shallow so extending targeted support must be on the cards.”
08 Dec 2022No new year cheer for UK economy with productivity and business investment weakening – CBI Economic Forecast
Tony Danker, CBI Director-General, said:
“There is no time to waste. The Prime Minister and Chancellor must use levers of growth to ensure this downturn is as short and shallow as possible, but also to address the persistent weakness in investment and productivity. We cannot afford to have another decade where both are stagnant”
05 Dec 2022Firms must 'step up and adapt' not 'hunker down and wait' to compete in tech-first global economy - CBI President
CBI President Brian McBride said:
“I don’t just want to talk about getting businesses participating in the future economy though, but everyone in every part of the UK. And that’s about connectivity – one of the basics we need to get ahead – and that’s what we’re pushing the Government on.”
22 Nov 2022Autumn Statement averts deeper recession but fails to solve fundamental UK growth problem - CBI Annual Conference
Tony Danker, CBI Director-General, said:
“We come together, once more in extraordinary times. Britain is in the middle of stagflation – hit with rocketing inflation and negative growth – for the first time many can remember. We know how to fight inflation. We know how to fight recession. But we don’t really know how to fight them together."
21 Nov 2022CBI responds to Chancellor's Autumn Statement
Rain Newton-Smith, CBI Chief Economist, said:
“The Autumn Statement lays down an important marker for the direction of the country. Business will work with government to turn today’s ambitions into a serious plan for growth that can lift us all out of the current crisis.”
17 Nov 2022CBI responds to latest inflation figures
Alpesh Paleja, CBI Lead Economist, said:
“High inflation, alongside a weaker economic outlook, will make for some tough choices for the Chancellor during tomorrow’s Autumn Statement. While we all accept that the Chancellor needs to close the fiscal black hole and reinforce macroeconomic stability, he must not forget to implement more pro-growth policies, if we’re to avoid a decade of lacklustre growth.”
16 Nov 2022Chancellor's growth plan must show political sacrifice to prevent business hibernation - CBI chief
Tony Danker, CBI Director-General, said:
“The Autumn Statement will need to deliver the market stability the new Prime Minister and Chancellor have pledged since taking office. But while I have no problem with tough choices to deliver stability, I do worry that the Government won’t take tough choices to deliver growth."
14 Nov 2022CBI responds to last GDP data
Alpesh Paleja, CBI Lead Economist, said:
“The latest GDP data likely marks the start of a downturn for the UK economy, which could last for most of the coming year. Even accounting for an extra bank holiday in September, it’s clear that underlying activity has weakened – as shown by our recent business surveys."
11 Nov 2022CBI responds to announcements made in Prime Minister's COP27 speech
Rain Newton-Smith, CBI Chief Economist, said:
“Business continues to play its part in driving the climate agenda forward. Partnership between government and the private sector is key to delivering the acceleration of clean technologies and unlocking the green growth opportunities that can enable a Just Transition to net zero globally and domestically.”
07 Nov 2022CBI responds to Bank of England interest rate decision
Alpesh Paleja, CBI Lead Economist, said:
“With monetary policy focused on tackling inflation, the government’s immediate priority should be to reinforce markets’ faith in the UK’s hard-won reputation for stability – but fiscal sustainability and growth shouldn’t be an either or choice."
03 Nov 2022Manufacturing has a vital role to play in the UK’s growth story says CBI
Matthew Fell, Chief UK Policy Director at the CBI said:
"“The manufacturing sector has a big role to play in the UK’s growth story. For every million pounds invested in the sector, the industry produces another £1.5 million for the wider economy. To help unlock this investment, the government needs to address the business rates cliff edge."
01 Nov 2022CBI responds to announcement of new Prime Minister
Tony Danker, CBI Director-General, said:
“The new Prime Minister can lose no time in easing the impact of market turmoil on households and firms, and helping to restore fiscal credibility. A fiscal plan for the medium-term next week that is both credible and a platform to generate economic growth will be central to achieving that.”
24 Oct 2022CBI comments on Prime Minister's resignation
Tony Danker, CBI Director-General, said:
"Stability is key. The next Prime Minister will need to act to restore confidence from day one. They will need to deliver a credible fiscal plan for the medium term as soon as possible, and a plan for the long-term growth of our economy.”
20 Oct 2022CBI responds to September inflation data
Martin Sartorious, Principal Economist at the CBI, said:
“The prospect of household energy bills rising sharply again in April 2023 emphasises the need for government to set out the details of any future targeted support sooner rather than later, in addition to how the country will establish its longer-term energy security.”
19 Oct 2022CBI responds to Chancellor's statement on fiscal plans
Rain Newton-Smith, CBI Chief Economist
“Macro-economic stability is the number one priority right now – the pre-condition to economic growth. Businesses will work closely with the Chancellor on an affordable plan for sustainable economic growth that drives investment and supports living standards.”
17 Oct 2022CBI responds to Government announcement on Corporation Tax
Tony Danker, CBI Director-General, said:
“In the weeks to come, government plans will need to continue to restore fiscal credibility to give markets and business confidence to invest. Once stability is restored, we must plan for economic growth from 2023. That will be the moment to set out a new long term tax regime that will kickstart business investment and ensure the UK is competitive in a changing world.”
14 Oct 2022CBI responds to latest GDP figures
Ben Jones, CBI Lead Economist, said:
“Rising interest rates are adding further to costs facing businesses and households. In the run-up to the medium-term fiscal plan, business will be looking for reassurance that policy measures will be delivered against the backdrop of a stable macroeconomic environment.”
12 Oct 2022CBI responds to Prime Minister's speech at Conservative Party Conference
Brian McBride, CBI President, said:
“The Prime Minister has reasserted the government’s commitment to growth and to a pro-enterprise agenda. The 2.5% target is the right ambition, it’s now down to delivery. The need to remove genuine barriers to growth is right and delivering supply-side reforms is now essential. Improving the planning system, a pragmatic approach to immigration and unlocking green investment, will be key."
05 Oct 2022CBI responds to Chancellor's speech to Conservative Party Conference
A CBI spokesperson said:
“Businesses are looking for the Government to deliver a credible medium-term plan for growth that includes concrete steps to boost investment in the UK. We welcome the commitment to delivering a plan alongside the OBR which will contribute to medium-term fiscal sustainability."
03 Oct 2022CBI responds to Leader of the Opposition's speech
Brian McBride, CBI President, said:
“Against the backdrop of a cost-of-living crisis, it’s welcome to hear Labour re-state its pro-business credentials and double down on a commitment to sustainable growth. Business shares Labour’s commitments to transform business rates, give firms greater flexibility over training and turn the UK into a green growth superpower; achieving this in partnership."
27 Sep 2022CBI responds to Shadow Chancellor's speech at Labour Party Conference
Rain Newton-Smith, CBI Chief Economist, said:
“Labour’s confirmation of a pro-business approach to driving growth is good news. Business welcomes the ambitious plans from Labour on how green growth and business rate reforms can transform the economy."
26 Sep 2022CBI response to Chancellor's fiscal statement
Tony Danker, CBI Director-General, said:
“Taking action to get Britain’s economy moving again by beginning construction on transport and green infrastructure projects shows immediate delivery. Planning reform is long overdue. A simpler, smarter approach to tax can pay dividends, and firms will be keen to make the most of the investment incentives on offer."
23 Sep 2022CBI responds to Monetary Policy Committee decision on interest rates
Alpesh Paleja, CBI Lead Economist, said:
“Against the backdrop of stubbornly high inflation, another hefty rise in interest rates was largely expected. While the freezing of the energy price cap will reduce near-term peak inflation, price pressures are still set to remain strong and the MPC will be keeping a close watch in the coming months."
22 Sep 2022CBI responds to Government energy package for households & businesses
CBI Chief Economist Rain Newtown-Smith said:
“Government is backing UK business by helping all firms across the economy. Skyrocketing energy prices could have made many well-run businesses unviable this winter and these measures will help ensure that fewer fail."
08 Sep 2022CBI responds to announcement of new Prime Minister
Tony Danker, CBI Director-General, said:
“Congratulations to the new Prime Minister. This is an extraordinarily difficult time to be leading the country, and she has businesses’ full support in meeting shared challenges together, head on."
05 Sep 2022CBI responds to increase in energy price cap
Matthew Fell, CBI Chief Policy Director, said:
“Government support to date has been right to focus on the most vulnerable customers, but the scale of help must be urgently reviewed in light of today’s announcement. Government must also step-up and deliver a national energy efficiency programme that will help reduce household bills as soon as this winter.”
26 Aug 2022No time to lose: new government must act decisively to grip energy cost crisis
Matthew Fell, CBI Chief Policy Director, said:
“Firms aren’t asking for a handout. But they do need Autumn to be the moment that government grips the energy cost crisis. Decisive action now will give firms headroom on cashflow and prevent a short-term crunch becoming a longer-term crisis."
24 Aug 2022Our response to the latest inflation figures
Alpesh Paleja, CBI Lead Economist, said:
“The cost-of-living crisis is now very real for both households and businesses, so there needs to be a concrete way forward to support vulnerable groups with higher energy bills. But we also need to think about the longer term: incentivising investment in the energy transition is key to reducing our exposure to global price shocks, and bolstering the UK’s energy security. "
17 Aug 2022Response to labour market statistics
Matthew Percival, CBI Director of Employment, said:
“The number of older workers now economically inactive continues to worsen and it’s up to firms and Government to find new ways to attract people back into the labour market. The incoming government will need to add greater flexibility to the apprenticeship levy, review the Shortage Occupation List and aligning skills gaps with education and training.”
16 Aug 2022CBI responds to latest (Q2) GDP figures
Alpesh Paleja, CBI Lead Economist, said:
"Vulnerable businesses and households will be squeezed further, so it’s good to see both leadership candidates and the current government signalling further support will be provided to those hit hardest. Implementing other pro-growth decisions now – for example, adding flexibility to the Apprenticeship Levy will also pave the way for recovery beyond this crisis.”
12 Aug 2022Boris Johnson should act now to ensure his successor can manage cost of living crisis
Tony Danker, CBI Director-General, said:
“The Prime Minister and Chancellor should be taking the next few weeks to grip the emerging crisis and the planning required to tackle it. This will also give their successor – whomever that may be – the very best chance of getting quickly out of the blocks."
08 Aug 2022CBI responds to latest UK interest rate decision
Alpesh Paleja, CBI Lead Economist, said:
“Monetary policy is the first line of defence against inflation, yet building resilience to future price shocks requires a concrete plan for economic growth. So the new Prime Minister must prioritise boosting productivity through greater business investment via incentives and business rate reforms. Meanwhile, investing in energy efficiency can support people struggling with the cost-of-living crisis”.
04 Aug 2022CBI responds to York/North Yorkshire Devolution Announcement
Beckie Hart, CBI Regional Director, said:
“The CBI has long believed that local leaders – supported by the private sector and wider stakeholders – are best placed to recognise and act upon an area’s strengths and development needs. Strong engagement with business, forged by deep long-term partnerships can help power places to create new jobs for local communities."
01 Aug 2022CBI responds to UK Government's Financial Services Bill
Chris Wilford, CBI Director of Financial Services, said:
“This new Financial Services Bill provides an important platform for growth. The UK’s independent financial regulators are well regarded across the globe. These proposals set out an agile approach and the CBI wants to see empowered regulators that drive smarter regulation with effective parliamentary scrutiny."
21 Jul 2022CBI responds to latest monthly inflation figures
Anna Leach, CBI Deputy Chief Economist, said:
“Inflation hit another multi-decade high in June. The labour market is still tight, global price pressures strong and another rise in Ofgem’s energy price cap is in the offing. As a result, inflation is likely to stay high for the rest of this year, severely eating into strained household incomes."
20 Jul 2022CBI responds to the Government’s Jet Zero Strategy
John Foster, CBI Policy Unit Director, said:
“Jet Zero’s success lies in Government working closely with business. By creating the conditions for companies to invest, our country can create a world-leading sector that shifts the dial on global aviation emissions.”
19 Jul 2022CBI responds to latest labour market statistics
Matthew Percival, CBI Director for People and Skills policy, said:
“Persistent labour and skills shortages are hitting growth and business investment, exacerbating the cost-of-living crisis. Boosting business confidence to accelerate growth should be front of mind for the current and next Government."
16 Jul 2020Our reaction to new Government neonatal paid leave support
Eugenia Migliori, CBI Principal Policy Adviser for Inclusion, said:
“Having a baby in neonatal care is an incredibly emotional and stressful experience for parents. Businesses want to support their employees as much as they can, which is why they will welcome this new entitlement. Many businesses already offer enhanced family related leave and pay packages to support families at what is an extremely difficult time.”
15 Jul 2022CBI comments on latest GDP for May
Ben Jones, CBI Lead Economist, said:
“Economic growth in May was stronger than expected. However, GDP data is volatile at the moment. This is in part due to the impact of the Jubilee bank holidays, and this noise will continue to obscure the true state of the economy over the next few months. In reality, CBI surveys and real-time data point to subdued economic momentum."
13 Jul 2022CBI Comments on Prime Ministers resignation
Tony Danker, CBI Director-General, said:
“The Prime Minister backed UK business throughout COVID and has been steadfast in his support for Ukraine. He will leave office with our best wishes. But we now need the political vacuum to be filled at speed to protect people’s living standards, through action on business confidence, investment and growth."
07 Jul 2022Our reaction to UK Government's Energy Security Bill
Tom Thackray, CBI Decarbonisation Director, said:
“The Energy Security Bill will help address vulnerabilities laid bare by the global gas and oil crises. The Bill’s much needed measures will accelerate the UK’s shift to net zero power, while also helping to grow key green technologies like carbon, capture, usage/storage (CCUS) and hydrogen."
06 Jul 2022"Delivery must be the Government's watchword" - our response to the CCC's UK Annual Net Zero report
Tom Thackray, CBI Decarbonisation Director, said:
“The Government has put the UK on the right path to net zero, but they cannot achieve it alone – business action is essential too. There are huge economic opportunities tied up with the UK’s green transition and businesses are eager to ramp up low-carbon investment."
29 Jun 2022CBI responds to latest inflation figures
Anna Leach, CBI Deputy Chief Economist, said:
“The void left by falling household spending must be filled by government action to shore up both near and long-term economic growth. Committing to a permanent successor to the superdeduction, as well as supporting green infrastructure and technologies that help cut energy bills in homes and businesses, will both boost economic confidence and reduce exposure to volatile global energy prices.”
22 Jun 2022CBI responds to the UK Government's new Data Reform Bill
Naomi Weir, CBI Director of Innovation, said:
“CBI will work with government and the ICO to help implement proportionate, world-class regulation that maintains the proactive business culture that has developed on data protection whilst seizing the opportunity to innovate with data. Rules on data don’t exist in isolation and will form an important part of DCMS’ work to streamline digital regulation."
17 Jun 2022CBI responds to MPC decision raising interest rates
Alpesh Paleja, CBI Lead Economist, said:
“We expect only meagre economic growth ahead, as a historic squeeze on household incomes bites hard on spending. Monetary policy can only do so much, and must now be coupled with government action to prevent a deeper and more prolonged downturn. Creating a permanent investment incentive and tackling skills shortages by introducing immediate flexibility to the apprenticeship levy would be strong first steps for boosting confidence.”
16 Jun 2022CBI responds to latest labour market statistics
Matthew Percival, CBI Director for People and Skills, said:
“With pay continuing to fall behind inflation, it’s no wonder that households are forecast to further reduce their spending this year. Urgency is needed to build confidence and ease the risks of a full-blown recession. Not being able to hire the people they need is a major drag on business confidence, so the Government should immediately allow firms to use their Apprenticeship Levy to tackle shortages and update the Shortage Occupation List.”
14 Jun 2022CBI responds to the UK government's Digital Strategy
Naomi Weir, CBI Director of Innovation, said:
“We can’t waste a moment in bringing this strategy to life, with action required on skills, regulation, cutting-edge tech adoption, and championing the role of digital trade. Business and the CBI stand ready to work with Government to make it happen.”
13 Jun 2022Response to UK government audit proposals
Matthew Fell, CBI Chief Policy Director, said:
“These reforms strike a sensible balance between tightening regulation and maintaining the UK’s attractiveness as a place to invest and do business.”
31 May 2022Response to energy profits levy announcement
Rain Newton-Smith, CBI Chief Economist, said:
“The Government must work with business on a genuine plan for increasing business investment and get growth going again, particularly in areas like energy efficiency.”
26 May 2022Don't wait until autumn to turn the page on low growth, says CBI President
Lord Bilimoria, CBI President, has said:
“We must now not step back or divert our course, but double down on our growth ambitions. We here have a shared vision of what this country can become: a truly high-growth, enterprising and competitive economy that works for all our firms and people. And businesses stand ready and willing to work with the Chancellor to make that vision a reality.”
18 May 2022CBI responds to latest inflation data
Rain Newton-Smith, CBI Chief Economist, said:
“It is critical the government explores options to help people facing real hardship now, and support cashflow for vulnerable firms. Stimulating business investment is also crucial, to both plug the near-term gap in growth and to shore up the economy’s potential to withstand future shocks."
18 May 2022CBI NI responds to UK Government Northern Ireland Protocol statement
Angela McGowan, CBI Northern Ireland Director, said:
“Now more than ever, flexibility and compromise are needed from both sides to reach lasting trade solutions, securing peace and prosperity. With good political will a landing zone can undoubtedly be found so that GB-NI trade flows are smoothed.”
17 May 2022CBI responds to latest labour market statistics
Matthew Percival, CBI Director for People and Skills, said:
“Urgent action is needed to help alleviate the pressure facing businesses and communities across the UK. Putting pounds into the pockets of people facing hardship and stimulating business investment are two actions the government can take now that will help us to emerge from this crisis."
17 May 2022CBI Chief calls for cost-of-living help for people on lower incomes
CBI Director-General, Tony Danker, said:
“At the CBI we think it’s vital that the Government moves on two fronts right away. The first is to help people facing real hardship now; it’s the moral underpinning of our economy and society. Recent surveys suggest more than one in 10 households have skipped – or had smaller meals – in the past month because of a lack of affordability, while around half a million more households are expected to face choices between heating and eating*. Putting pounds in the pockets of people struggling the most should not be delayed. Secondly; start stimulating business investment now – we will need to ensure that there is economic growth in the pipeline to avoid any downturn in our economy that could worsen or prolong the cost-of-living crisis."
16 May 2022CBI responds to latest GDP figures
Rain Newton-Smith, CBI Chief Economist, said:
“It’s clear that the most vulnerable households and energy-intensive businesses may need further support, so the government should keep this under review. But the only way to build a resilient economy, one that can withstand price shocks, is a relentless focus on growing productivity and potential output. Business is the solution to both, so should be adequately supported to invest and grow.”
09 Aug 2019CBI responds to the Queen's Speech
Matthew Fell, CBI Chief UK Policy Director, said:
“The focus on infrastructure, energy security, and skills all lay the foundations for sustainable, longer-term growth. And reaching for smarter, better regulation will ensure the UK remains world-leading in finance and put us at the front of the pack to make the most of emerging technologies. But alongside ambition, what’s needed now is a relentless focus on delivery. Ahead of the Autumn Budget, the Government should remain laser focused on unlocking the investment needed to grow the economy and address the cost-of-living crisis.”
10 May 2022CBI to turbocharge UK levelling up ambitions with launch of new clusters programme
CBI Director-General Tony Danker said:
“A core pillar of the CBI’s UK vision is for every nation and region to be globally competitive – this cannot be achieved by Government alone. Business innovation, expertise and finance will be essential components of a high growth, high productivity, high wage future economy."
10 May 2022UK-India free trade deal must lower trade barriers and ensure resilient supply chains says CBI and Confederation of Indian Industry (CII)
CBI President Lord Karan Bilimoria, said:
“I look forward to working with CII on this new taskforce to strengthen our ties across trade, investment, climate and health as our countries recover from the twin shock of Covid and the Ukraine crisis.”
09 May 2022CBI NI responds to Assembly election result
Angela McGowan, CBI Northern Ireland Director, said:
“Taking steps now to safeguard the economy can deliver pro-growth policies to secure our long-term prospects. We've got a real chance to push our economy forward if a newly formed Executive works together with business in a spirit of collaboration. What’s clear is that we cannot wait until later this year to deploy growth boosting measures”.
07 May 2022CBI responds to Bank of England interest rates decision
Alpesh Paleja, CBI Lead Economist, said:
“While monetary policy is the appropriate first line of defence in tackling inflation, government needs to take further action to shore up the broader resilience of the UK economy. In the near-term, higher inflation will hit poorer households hardest, so support measures for this group will need to be kept under review. Over the longer-term, securing greener energy supply and a relentless focus on raising potential growth will bolster our ability to withstand shocks and further price pressures”
05 May 2022CBI responds to new UK Government support for energy intensive industries
Tom Thackray, CBI Programme Director for Decarbonisation, said:
“This move will provide some relief to energy intensive firms which play a key role in the UK’s critical supply chains. The Government must now build on this package by actioning further support measures announced in the recent British Energy Security Strategy and providing wider cashflow support through the Recovery Loan Scheme.”
29 Apr 2022CBI responds to UK-India new £1bn commercial investment deals
CBI President Lord Karan Bilimoria, said:
"Firms will welcome the £1bn new investment announcements in India, this is just scratching the surface of what can be achieved between the two countries across health and cutting-edge technology. More broadly, working together on an ambitious UK-India free trade agreement that slashes tariffs, improves the ability to move talent across borders as well as data, will be the crucial foundation for a deal that delivers for businesses."
21 Apr 2022CBI responds to latest inflation figures
Alpesh Paleja, CBI Lead Economist, said:
“The energy-centric nature of inflationary pressures highlights the need to double-down on investment in green energy. Making homes and commercial buildings more energy efficient would help reduce demand and consumer bills. In the near-term, reducing policy costs for energy intensive industries and continuing support for low-income households will be essential in helping those worst hit.”
13 Apr 2022Dip in confidence puts resilience on the agenda for FS firms - CBI/PwC Financial Services Survey
Rain Newton-Smith, CBI Chief Economist, said:
“With operational resilience becoming an ever more important priority for the sector, there is danger that a ‘wait and see’ approach may dampen growth prospects for the wider economy. A lack of preparedness for mainstream use of digital currencies and challenges in developing Net Zero plans suggest a need for swifter policy development in both areas to guide and stimulate industry-wide action.”
13 Apr 2022CBI responds to latest GDP figures
Alpesh Paleja, CBI Lead Economist, said:
“It’s clear that growth impetus remains underwhelming. While the Government took some steps to sustain confidence in our economy in the Spring Statement, they don’t do enough to tackle the current challenges facing firms. The only enduring response to these is a relentless campaign for economic growth and productivity, through measures such as capital allowances, R&D reforms and a revised apprenticeship levy.”
11 Apr 2022CBI responds to Government's Energy Security Strategy
Rain Newton-Smith, CBI Chief Economist, said:
"While it’s welcome this Strategy addresses some long-standing challenges, companies are continuing to really struggle with increased wholesale energy costs right now. The Government’s next step should be to provide immediate cashflow support for firms through the Recovery Loan Scheme – and move to cut bills for Energy Intensive Industries to maintain competitiveness."
06 Apr 2022CBI responds to Spring Statement
Tony Danker, CBI Director-General, said:
"The Chancellor has taken steps to sustain confidence in our economy. They are welcome but don’t do enough to tackle the current challenges facing firms. We need concrete plans now on how we get new nuclear, hydrogen and onshore wind investment. We need more EV charging infrastructure deployed this year. We need post Brexit regulation changes that unleash the potential of our health, science and technology sectors."
23 Mar 2022CBI comments on P&O situation
Tony Danker, CBI Director-General, said:
“The more we find out about how P&O Ferries have handled this situation, the more it appears that proper process has not been followed. What is not in doubt is that the workers who have been fired have been treated abysmally. Our thoughts are with those people who have lost their jobs so suddenly. You can’t legislate for those companies who choose to wilfully ignore or break the rules. The Government will rightly be considering enforcing the law and workers may choose to challenge the fairness of their dismissals at employment tribunal.”
22 Mar 2022CBI responds to the updated Online Safety Bill
Matthew Fell, CBI Chief Policy Director, said:
“This landmark legislation is important and necessary to keep people safe online – business wholeheartedly back this ambition. The goal should be to make the UK an international leader, not an outlier, in shaping the future of the internet. This is an incredibly complex set of regulations and businesses will be combing through the detail over the coming days. Ensuring the Bill is feasible for companies to implement is essential – they will work with policymakers to make that happen as the Bill moves through Parliament.”
17 Mar 2022CBI responds to latest UK interest rate decision
Alpesh Paleja, CBI Lead Economist, said:
“With ongoing conflict in Ukraine pushing global commodity prices higher and exacerbating supply chain disruption, the MPC are clearly making moves to counter growing inflation. But they will be walking a tightrope in the months ahead, having to both keep price pressures in-check and manage the impact of tighter monetary policy on economic growth – particularly against a background of rising living costs."
17 Mar 2022CBI responds to latest Parker Review data
Lord Karan Bilimoria, CBI President and Chair of Change the Race Ratio, said:
“The Parker Review has created a groundswell of action which has led to real results in the boardroom. Government needs to match business progress by bringing in mandatory ethnicity pay gap reporting in the same way they have done for gender. Our Change the Race Ratio campaign exists to help businesses to improve, not only to measure their progress. I encourage all companies to sign up.”
16 Mar 2022CBI responds to refugee announcement
Lord Bilimoria, CBI President, CBE, DL, said:
“Businesses are keen to assist refugees arriving in the UK by working alongside ministers and civil society to help support and employ people fleeing the conflict in Ukraine. Firms will be looking closely at details of the new scheme to see how they can best support, including advertising it to their staff."
14 Mar 2022True economic independence from Russia requires bolder moves
Tony Danker, CBI Director-General, said:
“Since the start of this crisis, the CBI has been guiding thousands of firms across the country to support economic sanctions on Russia and to get behind humanitarian efforts for people in Ukraine and for refugees. Convening its councils and roundtables across the UK, CBI members are supportive of sanctions, despite the real costs involved in doing so. The next phase must be finding our economic resilience, better ensuring our fate remains in our hands on this conflict and for the future.”
10 Mar 2022Chancellor’s Spring Statement must be the time to act or economy will drift back to low growth
Tony Danker, CBI Director General, said:
“That is the time to act if we want to push the economy onto a higher growth trajectory. It takes time for policies to kick in and deliver results, so there’s no point in waiting until an autumn Budget. Without serious action, we risk the economy simply drifting towards low growth once the V-shape bounce ends. The Government cannot waste a single moment."
01 Mar 2022CBI responds to PM statement on living with the virus
Matthew Fell, CBI Chief Policy Director, said
“After almost two years, the Living with Covid strategy marks a significant step towards normality returning. The government now needs to add further guidance on issues like sick pay and employer liability to avoid the risk of a legal vacuum. Many firms will continue to be cautious and use extra measures to protect their staff and customers, as they have from the outset."
21 Feb 2022CBI comments on a super deduction successor
Tony Danker, CBI Director-General, said:
“The Chancellor’s super deduction exemplified the boldness in public policy that we need to inspire investment and get the economy moving. Going by our survey results, it looks to be a real success. It’s started the job but cannot be a one-hit wonder. Evolving the policy from short-term fix into long-term strategy will give firms confidence that Government and industry are aligned."
20 Feb 2022CBI announces presidential nomination Brian McBride
Tony Danker, CBI Director-General, said:
“I am hugely excited that Brian has been approved by the Board for consideration at the AGM to be the next CBI President. His career journey makes him an unmistakably authentic business leader who understands the challenges facing local SMEs and global listed firms alike. His typical Glaswegian candour combined with his experience in some of the most prestigious boardrooms in the corporate world will prove invaluable to CBI and our members as we work to help them grasp the exciting opportunities in the decade ahead.”
18 Feb 2022Response to latest GDP figures
Rain Newton-Smith, CBI Chief Economist, said:
“The UK economy saw a lacklustre end to the year hit by the emergence of the Omicron variant and Plan B restrictions. While the worst of the impact appears to be over, firms are still grappling with supply shortages and cost pressures, while households are facing a looming cost of living crisis."
11 Feb 2022Our response to OFGEM price cap rise
Matthew Fell, CBI Chief Policy Director, said:
“The rise in the price cap was inevitable but will pile more pressure on squeezed household incomes. “The Government is right to focus on the most vulnerable customers but must urgently work in partnership with energy suppliers to ensure these measures are effective."
03 Feb 2022CBI responds to Levelling Up paper
Matthew Fell, CBI Chief Policy Director, said:
“The Levelling Up White Paper is a serious assessment of the regional inequalities which have hamstrung the UK’s economic potential for generations. It offers a blueprint for how government can be rewired and an encouraging basis for how the private sector can bring the investment and innovation to start overcoming those deep-rooted challenges, and power long term prosperity for every community, wherever they live."
02 Feb 2022CBI comments on end to Plan B in England
Matthew Fell, CBI Chief Policy Director, said:
“There’s a vital need now for greater consistency in how we live with the virus in the longer term. Swinging back and forth between restrictions and normality has been damaging."
19 Jan 2022Response to latest inflation figures
Alpesh Paleja, CBI Lead Economist, said:
“We’ve not seen the end of rising inflation yet. We expect it to peak in the months ahead, not least if, as expected, the energy price cap is raised.
19 Jan 2022CBI responds to latest GDP data
Alpesh Paleja, CBI Lead Economist, said:
“Implementing Plan B in December was the right thing to do, but with Covid clearly here to stay, the Government must now act to prevent the need for further restrictions on activity. This includes providing clearer forward guidance to support business adaptation, prioritising mass-testing over mass self-isolation, and ensuring that travel controls are proportionate so that the UK remains open to the rest of the world.”
14 Jan 2022
Thought leadership
The CBI community responds to today's challenges
Firms must understand how their activity can lead to nature loss. Net zero depends on them tackling it. A CBI Economics and University of Exeter report, the Nature of Business, identifies the barriers and opportunities to being nature positive.
Is your business facing a choice between saving and growing? As discussions at the CBI Annual Conference concluded, the two aren’t mutually exclusive.
Irwin Mitchell’s Andrew Walker highlights the risks to look out for and how to mitigate against them.
How big business can help smaller firms through 2023
Collaboration will drive growth next year. Hear how you can do more of it from entrepreneurs Deborah Meaden and Jamie Mitchell and the BBC’s Tim Davie.
Your business can’t afford to overlook your older workers
A lot of over 50s are leaving the workforce. Here’s how you can halt the trend and bring them back.
Just for members
Net zero
Everything you need to know about why you should join the UN-led campaign, Race To Zero, and how to do it.
Recent CBI publications
The CBI is calling for firms to join the new industry-led body that will champion the importance of services trade in the UK.
Have your say on what the UK should be delivering for business in the upcoming UK-GCC free trade negotiations
Read our annual barometer of jobs, salaries, competitiveness and employee relations.
Unpacking key insights and practical guidance for your business.