The CBI has issued a response to the publication of the government’s productivity plan, ‘Fixing the Foundations: Creating a more prosperous nation.’
The CBI has issued a response to the publication of the government’s productivity plan, ‘Fixing the Foundations: Creating a more prosperous nation.’ .
John Cridland, CBI Director-General, said productivity was the missing piece of the growth puzzle and that the government’s ambitious plan would help the UK economy move up another gear.
“We’ve already seen progress in the Budget with lowering corporation tax, movement towards a business tax roadmap and the new permanent annual investment allowance – all will help increase investment by creating certainty for businesses,” said John.
“Creating better routes into the higher skills needed for today’s jobs market is something we’ve been behind all along, so we’re glad to see the government making this the centrepiece of its plans to power up productivity with the creation of Institutes of Technology.”
On the new planning measures, John said reducing the red tape for brownfield building was a significant step in the right direction, as planning was often cited as a main barrier to building the 240,000 new homes needed each year.
“We want to see this level of ambition replicated for public sector land.
“A register of all available public sector land will provide developers with a clear pipeline and give taxpayers value for money.”