Our response to Chancellor's economic statement

The CBI has responded to further measures set out by the Treasury supporting jobs and businesses this winter.

Rain Newton-Smith, CBI Chief Economist, said:

“The Chancellor has built a bridge for business to Spring 2021 and taken much needed steps to help firms across the UK survive this winter.

“Extending the tried and trusted Job Retention Scheme will give companies the certainty and stability they need to help safeguard thousands of jobs into March.  Sectors and supply chains under the greatest strain may need more tailored support in the coming weeks.

“The Government must now use its time wisely and the review in January to get ahead of the curve and invest in a long-term vision for the economy.

“The Covid crisis makes the next six months even more crucial for Government to pursue its levelling-up ambitions and work towards a net-zero economy. Investing in infrastructure, skills and innovation at the next Spending Round will lead to a swifter recovery and a brighter future for our country.”