Responding to the Prime Minister’s speech at Conservative Party Conference, Roger Barker, Director of Policy at the Institute of Directors, said:
“Business leaders will welcome the Prime Minister’s vow to put the wind in the sails of enterprise. But they are also acutely aware of the precarious state of the economy, with the impending end of the furlough scheme and the conclusion of the Brexit transition period.
“The emphasis on lifting productivity is right on the money. For over a decade this has been the UK’s Achilles’ heel, and requires action on a number of fronts, including skills, infrastructure, and business investment. None of this should be delayed by the pandemic.
“The promise of green investment is particularly positive. Many company directors see this as a key priority, both for our immediate economic recovery and for the longer term. The question now is how quickly this positive message can translate into action on the ground. We particularly support recent proposals to standardise company disclosures relating to climate change impact.
“While the Government’s long-term aims are very positive, business leaders are largely preoccupied with the challenges at hand. Supporting job creation and investment in the nearer term will be key, as will mitigating the potential for disruption as we prepare to exit the Brexit transition period.”