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IoD responds to Prime Minister’s conference speech

05 Oct 2016
Number 10 Downing Street

In response to the Prime Minister’s speech at the Conservative Party conference today, James Sproule, Director of Policy at the Institute of Directors, said:

“The Prime Minister has made clear today that she wants to lead a nation that offers opportunity to as wide a range of citizens as possible. She will need to work with business to make that goal a reality.

“The IoD has long argued that an integral part of our economic success has been our ability to attract the best workers from around the world. They have come here to start businesses and to supply the skills our businesses need to be competitive in a global market place.

"Plans to ‘name and shame’ companies who employ foreign workers, aside from adding to bureaucracy, send precisely the wrong message. The Prime Minister should instead listen to her own advice and remember that, in Britain, it doesn’t matter where you were born. Make no mistake, Britain is at its best when it is open and offering a home to the world’s brightest and best who want to study and build a better life for themselves, while contributing to the British economy.

“As a long standing trailblazer for good corporate governance, the IoD welcomes the Prime Minister’s focus on how corporate leadership can aid economic and social success. Business leaders are not pantomime villains, evading taxes and employing cheap labour from abroad out of some destructive desire to do Britain down, and for every Mike Ashley or Philip Green there are hundreds of thousands of hard-working entrepreneurs who are more likely to re-mortgage their homes than own a super yacht. Those people will now be watching the Autumn Statement and the Chancellor like a hawk, expecting more measures to promote enterprise and investment than we saw in this speech."

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