LONDON: In a message to CBI members, Carolyn Fairbairn set out other “defining issues” such as how devolution will affect growth outside London.
The UK has a golden opportunity to build a new era of economic growth as long as issues such as the relationship with the EU and improving productivity are resolved, the new leader of the CBI has said.
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In a message to CBI members, Carolyn Fairbairn set out other “defining issues” such as how devolution will affect growth outside London.
On her first day as director general after succeeding John Cridland, she said: “One of the most exciting opportunities for the UK over the next five years is to make the ideals behind the Northern Powerhouse and growth beyond London a reality, while at the same time supporting the capital to reach new levels of success as one of the world’s truly great cities.
The CBI’s role will be to bring a strong business voice to the devolution settlements and then work with the UK’s nations and regions to build momentum for change and growth.
“Above all, I would like the CBI, and my leadership of it, to be judged on our achievements in making a positive impact on productivity, growth and future prosperity across the whole of the UK.
UK productivity is 30% below that of the United States and 28% below that of Germany.
“In a world of accelerating global competition, this is an issue that needs to be addressed urgently.
