Director’s update: Globalised Economy

Much like you all, I've been closely tracking the leadership contest, reading the tea leaves and debating with members and those around me how a Sunak or Truss government might affect our work.  Growth is certainly the buzzword for both candidates, music to our ears as we have been pressing for this debate for over a year. CBI have reemphasised our plan for growth with trade an integral part.  Both candidates will want deliverables early in their tenure, which will increase the importance of the India trade deal, though I expect that the domestic agenda will dominate ahead of the next election.

Decoupling is a live issue

The one area where we can guarantee international focus, in rhetoric at least, is China, Russia and Ukraine. With both PM candidates having strong “China = threat” narratives, one more so than the other, the debate on decoupling will increase. Business cannot run away from this and need to adapt