CBI working group alternatives are put to Shadow Chancellor in letter from Carolyn Fairbairn.
Following months of member engagement and consultation, CBI Director-General, Dame Carolyn Fairbairn, wrote the Shadow Chancellor John McDonnell on the Labour Party’s Inclusive Ownership Fund policy proposal, as outlined at last year’s Labour party conference.
The letter, also covered by the Financial Times, outlined the challenges with the inclusive ownership fund proposal as it stands and the direction of the work of the CBI’s inclusive ownership working group. It also highlighted that business is ready to work with Labour on these policies.
Why now?
Members are deeply concerned by the impact policies such as public ownership of utilities and the proposed inclusive ownership fund could have on investment in our economy. If we want to see our economy thrive, we need to see business invest so they can expand their operations, increase productivity, employ more people and deliver sustainable increases in pay. The UK is lagging well behind its international peers – business investment only acco
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