CBI responds to UK Government's Global Investment Summit

CBI President Lord Karan Bilimoria, said:

“The UK has always been a magnet for inward investment and is the second largest recipient of inward investment in the world. Post pandemic and post Brexit, the government needs to double down on incentivising and attractive investment both domestic and global. The Global Investment Summit is therefore coming at the right time.

“The CBI is completely aligned with the government’s ambitions for a high wage, high skill, high productivity and high investment economy. The government has invested almost £400bn in helping to save businesses and jobs through the pandemic and has led the world globally with its vaccination programme.

“Now as we try to get our recovery on track, the government needs to do everything it can to help growth and create jobs. We need to create a domestic tax environment which encourages business to act, invest and deliver for our communities. We need real commitment to innovation and the industries of tomorrow; we must revitalise global partnerships - old and new – creating new markets for British goods and services. This is how we can transform the UK into a dynamic, modern and globally competitive economy.”