Belfast Telegraph

CBI urges next government to protect UK's reputation as 'pro-enterprise economy'

The next government must have a long-term vision for the economy and help firms prosper, a leading business group is urging.

The CBI said the UK was at a "crossroads", facing Brexit negotiations and dealing with new technologies that will define prosperity for generations.

The group said ministers in the new administration should tackle the issue of skills shortages and be as clear as possible on tax and regulatory stability.

Director general Carolyn Fairbairn said: "The UK's hard-won reputation as a predictable, pro-enterprise economy must be protected - the world is watching.

"The CBI's manifesto lays out how Government and business can work together to make a success of Brexit and secure the bigger, long-term prize of making the UK the most inclusive, innovative and open economy in the world.

"It is vital for both sides in negotiations to prioritise jobs and our £600 billion trade with the EU in the Brexit talks.

"The bigger prize can only be won if the next government commits to an ambitious long-term industrial strategy that builds the skills and infrastructure the UK so badly needs, and puts innovation at the heart of the UK economy.

"Brexit must not be allowed to crowd out fixing the foundations of our economy."

The CBI called for a series of measures including a review of business rates, guaranteeing the right of EU citizens working in the UK to remain, and setting up a commission to study the impact of new technologies on jobs.