Latest News Tue, Aug 9, 2022 6:29 AM
The CBI Director-General, Tony Danker, has urged the Prime Minister and Chancellor to not allow for a Summer of drift in the middle of a cost-of-living crisis.
Recognising that a new Prime Minister and Chancellor will have their own thinking, the UK’s leading business group has set out four clear actions for the Government to undertake, allowing the next No 10 occupant to make an immediate impact.
Those actions include:
Tony Danker, CBI Director-General, said: “The economic situation people and businesses are facing requires all hands to the pump this summer. We simply cannot afford a summer of Government inactivity while the leadership contest plays out followed by a slow start from a new Prime Minister and Cabinet.
“The Prime Minister and Chancellor should be taking the next few weeks to grip the emerging crisis and the planning required to tackle it. This will also give their successor – whomever that may be – the very best chance of getting quickly out of the blocks.
“That means whirring the Whitehall machine into action to prepare for day one of a new premiership, allowing the candidates to interact now with officials on what can be done to help the most vulnerable people and businesses as inflation continues to rise.
“Crucially, there is going to be a great deal of worry for many over how they will pay their energy bills after the next price cap. It makes no sense to wait an agonising 10 days or so from the price cap announcement to ‘day one’ of a new leader. That means the Prime Minister and the candidates should come together to agree a common pledge to support people and help quell fears.”
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