November 22, 2022
2 mins read

Business chiefs urge Sunak to be specific about growth plans

Downing Street later said businesses were being encouraged to invest in Britons rather than rely on workers from overseas…reports Asian Lite News

Business chiefs have urged the Prime Minister to be more specific about how he plans to drive growth in the UK, as he pledged to re-establish economic stability, tackle inflation and boost innovation.

Tony Danker, director-general of the Confederation of British Industry (CBI), said it was “great” to hear Rishi Sunak speak about his “deeply held convictions and passion” for innovation, as well as the benefits it can reap on the economy.

But he said the PM only began to lay out his vision for a “new approach” in a speech to the CBI’s annual conference on Monday, as he called for more detail to help businesses invest with confidence.

Sunak also largely avoided directly answering the CBI’s demands for immigration to be used to plug gaps in the domestic workforce, saying the UK’s focus is on tackling the small boats crisis.

However, he did say that he wants to ensure Britain is a “beacon” for the “best and brightest”, vowing to create “one of the world’s most attractive visa regimes for entrepreneurs and highly skilled people” as he set out plans for artificial intelligence experts to come to the country.

Downing Street later said businesses were being encouraged to invest in Britons rather than rely on workers from overseas.

Danker said: “It was great to hear the Prime Minister’s deeply held convictions and passion for innovation, and the role it can play as one of the most important drivers of the UK’s future economic growth. The Prime Minister started to lay out a vision for a new approach. But what we didn’t get today are the details of the measures to achieve it. Businesses are making investment decisions now and need to hear more on this agenda as soon as possible.”

The CBI director-general has said a more liberalised stance on immigration is needed to help boost economic growth when public spending is tight.

But Sunak said: “The country’s number one priority right now, when it comes to migration, is tackling illegal migration. When people see that happening, it undermines trust in the system, it doesn’t seem fair that people are able to break the rules. That’s what I’m absolutely determined to fix.”

Sunak said it was “not a simple problem to solve” and would not be dealt with overnight, but he was “determined to reduce the number of illegal migrants coming here”.

ALSO READ-Norway to assist Ukraine with gas procurement

Previous Story

‘UK must wean itself off migrant labour’

Next Story

EU attempt to reform controversial Energy Charter Treaty fails

Latest from UK News

Azeez Bags Top Kerala Media Award

Anasudhin Azeez serves as the executive editor and managing director of London Daily, a newspaper headquartered in Fleet Street, London. British-Indian journalist Anasudhin Azeez has been chosen as first recipient of the

Ukrainian forces to join VE  procession  

Ukrainian personnel will join around 1,000 UK armed forces members, including soldiers on horseback and military bands, to symbolise “the global support for their continued fight for freedom” against Russia  krainian armed

Commonwealth soldiers buried in France 

Remains from six Commonwealth soldiers who fought in World War 1, none of them identifiable by name, have been laid to rest in France   All services were organised by the MOD’s
Go toTop

Don't Miss

Arm Prepares for Year’s Biggest US IPO at $51 Per Share

Customers like Apple, Google, Nvidia, Intel, AMD, TSMC, and Samsung

Sunak says plan stopping small migrant boats is working

The opposition Labour Party said Sunak had failed to clear