Ministers have been urged to shake up regulation and tax rules to help the UK rebuild its economy after the shocks of COVID-19 and Brexit and as it targets net-zero carbon goals.
The CBI is calling for a change in the remit of regulators so that they are required to prioritise “investment, innovation and agility”.
Its report – details of which were first reported by Sky News – is also calling for a tax plan that will help restore Britain’s battered public finances.
Britain has a chance to make ‘big bets’ on growth, CBI director-general Tony Danker said
The plan must be “consistent with supporting business investment, net-zero ambitions and the UK’s international competitiveness”, the business lobby group said.
It also pointed to the importance of decarbonisation, innovation and “levelling up” in economic plans it estimates could deliver £700bn in commercial growth for UK companies.
The CBI argued that 2021 should be a “turning point” for UK economic…
