Tony Danker Director-General of the CBI: The confluence of three major shocks – Brexit, Covid-19 and climate change – demands that the UK must do things differently. Brexit demands that we are far more proactive about international trade. Covid has widened both regional and sectoral inequality and placed a new premium on wellness and health management. And the ambitious targets we have set for ourselves on Net Zero require an accelerating metabolic rate of change in our economy. At current estimates from the Climate Change Committee, UK low carbon investment each year will need to increase from around £10bn in 2020 to around £50bn by 2030. Yet it is staggering that not since 1945 has the country coalesced around a shared economic vision. For decades, successive governments swung between the view that either ministers should run the economy or stay out of it altogether. In more recent times, industrial strategies were conjured by politicians with businesses on the outside looking in. Neither prospered. And having five business secretaries and four chancellors in the last five years has not helped.
Telegraph 3rd Feb 2021 read more »