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CBI responds to Shadow Chancellor speech

CBI yesterday responded to Shadow Chancellor speech.

Rain Newton-Smith, CBI Chief Economist, yesterday said:

“Labour clearly recognise the unrelenting pressure firms are facing.  A focus on protecting jobs, upskilling workers and the need to support good businesses through this unprecedented crisis is sound and sensible.

“The Job Retention Scheme has been a great success but for many firms the recovery still feels a dim and distant prospect. The UK urgently needs a new scheme that is more targeted, but still offers firms enough support to reach safer ground and keep more people in work.

“But Labour’s proposals do risk adding red tape at a time when firms need to access support simply and quickly.  

“All parties agree that saving good jobs today is far better than picking up the pieces tomorrow. That needs bold action as the UK heads into a challenging autumn.”

 

Original article link: https://www.cbi.org.uk/media-centre/articles/cbi-responds-to-shadow-chancellor-speech/

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