Contributed by CBI
10/02/2021 - CBI
Business group highlights six key elements for enterprise
The CBI is today (Monday) urging the Government to work with business to best identify economy-critical elements to its roadmap out of the latest lockdown in England.
With Government plans to publish its exit strategy expected in late February, the UK’s leading business group is already consulting its members on how best to safely reopen the economy.
In a letter to the Business Secretary, Kwasi Kwarteng MP, the CBI’s Director-General, Tony Danker, says that: “With health teams rightly in crisis management mode, we in business along with the economic ministries can use this time to plan for a successful re-opening of the economy when the moment is right to do so.”
The CBI identifies at least 6 elements that will help firms plan and prepare in advance of a lifting of restrictions. The letter is not attempting to set a specific date for re-opening as we must rightly be driven by health data. Those economy-critical elements are:
Running alongside the roadmap there must be clear parameters for determining what, and for how long, economic support measures remain in place. The plans should develop in lockstep, to ensure that key support measures taper away, without a cliff-edge, ensuring that support is progressively targeted on those sectors that remain closed for longest.
Tony Danker, CBI Director-General, said:
“The Prime Minister has set out the initial parameters for reopening as a country, which was a big help for businesses. Clearly, the precise dates will be determined by data, so let’s use this time wisely to get the roadmap right together for when lockdown ends.
“There is huge appetite among businesses to help the Government create and deliver a roadmap out of lockdown that lasts, has national consensus and kickstarts our economic recovery as 2021 unfolds.
“A common framework with devolved administrations must also be possible and help to minimise differences in approach.
“Businesses are currently completely in the dark when planning for the weeks and months ahead and this is hindering investment. We can provide more clarity and do the prep work now to enable them to plan for reopening and growth.
“It’s clear that we will be entering a new normal even post-vaccination. We will have new workplace, testing and economic realities to live with.
“We’ve all learnt a lot in 2020 about what reopening looks like so let’s move now to a plan for 2021 that is detailed, practical and instils confidence.”
The CBI will also be writing to the devolved nations’ Governments.
For more information visit the CBI website
All articles on this news site are submitted by registered contributors of EssexWire. Find out how to subscribe and submit your stories here »