CBI: Industrial Strategy must be the beginning of a strategic race, not a tactical sprint

28 Nov 2017 12:36 PM

The CBI has given its initial response to the Government’s new modern Industrial Strategy.

Industrial Strategy must be the beginning of a strategic race, not a tactical sprint

Carolyn Fairbairn, CBI Director-General, yesterday said:

"Nine in ten firms see a modern Industrial Strategy as vital to improving living standards in the face of Brexit uncertainty and a sombre economic outlook.  This announcement shows the Government has its eye firmly on the horizon, not just the next few yards.  We welcome the recognition that success will require urgent action in partnership with business. This is the route to raising living standards in every corner of the country. 

“The hard work starts now. Today’s announcement must be the beginning of a strategic race, not a tactical sprint. And it needs to last. This is a time for consistency and determination, not perpetual change with the political winds. The creation of an independent council with teeth to monitor progress will help this.

"The CBI urges the Government to continue on this road, moving fast from strategy to action. Two important tests of success will be that all regions and nations have successful industrial strategies, and that it is supported and not harmed by Brexit. There must be no missed turns on the path to UK 2030”.