Every month we seek IoD members’ views on key policy issues affecting their organisations through our Policy Voice panel. Here are just some of the many ways we influenced government policy and successfully lobbied for changes to the law on the back of Policy Voice surveys of our members in 2018.
The Government launched its Export Strategy at the IoD in August 2018, which incorporated a number of our recommendations, including looking at ways to reduce non-tariff barriers outside of free trade agreements, export vouchers and developing a single online portal for all exports support.
The IoD was a key contributor to assessing the new Corporate Governance Code and also played a leading role in the creation of the Wates Principles for the largest unlisted companies, published in December 2018.
Reforms to the Apprenticeship Levy were introduced by the Chancellor in the autumn following extensive campaigning by the IoD. As a result, the system is to be made more flexible, with a lower co-investment requirement for small firms and more funding given to the Institute for Apprenticeships to design better courses.
Skills shortages have consistently been one of the top concerns raised by IoD members. A significant breakthrough was achieved on migration in June 2018 as medical staff were removed from the Tier 2 visa threshold, allowing more room for firms to attract skilled workers from abroad.
Support for investment and skills development have underpinned our calls to boost productivity growth. The Autumn Budget saw an increase in the Annual Investment Allowance to £1m, alongside measures to boost management capability in SMEs.
Greater business rates relief for small firms was a specific target in IoD’s recommendations ahead of the Autumn Budget. The proposal came into fruition in October, with the Government introducing reliefs for small retailers.
Improvements to our physical and digital networks were top priorities for members for the Industrial Strategy. The Autumn Budget included the largest roads investment package and significant funding to improve broadband connectivity.
Securing a transition period before Brexit went top of the Government’s agenda after sustained pressure from the IoD, which was the first business group to call for this, informed by Policy Voice members. The transition period was agreed at political level in March 2018.
2019 is proving to be a challenging year for firms, as Brexit uncertainty persists amid the context of a challenging global economy.
The IoD will continue to be the voice of business and to represent members in regular high-level conversations with senior politicians and civil servants.
The stakes of voicing your opinion as an IoD member are therefore high – sign up to Policy Voice to influence the agenda in 2019 and beyond.
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