Thursday, July 9, 2020

Lean on business for Britain’s trading future, urges CBI

The Government should build strong mandates by work closely together with business, in order to make a success of the UK’s trade negotiations, according to a new paper from the CBI.

In ‘Building a World-Leading UK Trade Policy’, CBI highlights the principles that will give the UK the best chance of an edge and maximum leverage whilst negotiating trade deals.

The CBI also makes several practical recommendations for how to build a world-leading British trade policy, such as appointed a Chief Business Trade Envoy to gather business intelligence, be a single point of government contact for firms and ensure policy coherence.

Among other things, it also suggests setting up a high-level Strategic EU Trade Advisory Group for EU trade negotiations.

“For the first time in close to fifty years, the UK has the opportunity to build its own trade policy. If we get it right, there is tremendous potential, from more choice and lower prices for consumers to a bigger British economy with prosperity shared more equally across the country,” said Josh Hardie, CBI Deputy Director-General.

“The key for the Government to unlock that success is simple – make the best use of the wealth of expertise business has to offer. It is firms that trade most goods and services, are at the front line of market access barriers, and strike deals every day the world over. Their knowledge and insight – from the factory, shop and office floor to the boardroom – will be mission critical to the UK’s trading future.

“Working closely with business and learning from the success of international trading powerhouses will enable the Government to have crystal clear objectives and maximum leverage when striking ambitious new trade deals.

“If this is combined with a transparent approach that builds buy-in across the country, the UK has a fantastic chance to build the strongest of trade links with partners old and new.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

Civil aviation “will take several years to recover” says Rolls-Royce CEO

"The COVID-19 pandemic has created a historic shock in civil aviation which will take several years to recover," Rolls-Royce's CEO has said in a...

Bravehearts required if you want to win the media war and your freedom! By Greg Simpson, founder of Press for Attention PR

Greg Simpson, founder of Press for Attention PR and Enterprise Nation Champion for Nottingham, talks about nurturing relationships with the media. Someone once said, according...

New craft brewery set for Nottingham

The new owners of The Lakeside Nottingham on Mansfield Road have taken an additional 5,122ft² industrial unit for the production of craft beers. The new...

D2N2 appoints five new board members

D2N2 Local Enterprise Partnership has appointed five new board members. The LEP board brings together leaders from across the public, private, and education sectors who...

Champions (UK) plc secures significant equity share in software firm

Loughborough-headquartered digital and traditional brand agency, Champions (UK) plc, has strengthened its strategic partnership with Diginius, a UK provider of proprietary software for digital...

Related news

Greater Lincolnshire receives £25.8m in ‘new deal’

The Greater Lincolnshire LEP has received a £25.8 million cash boost from the Government to fund ‘shovel-ready’ projects to help the local economy and...

Civil aviation “will take several years to recover” says Rolls-Royce CEO

"The COVID-19 pandemic has created a historic shock in civil aviation which will take several years to recover," Rolls-Royce's CEO has said in a...

Bravehearts required if you want to win the media war and your freedom! By Greg Simpson, founder of Press for Attention PR

Greg Simpson, founder of Press for Attention PR and Enterprise Nation Champion for Nottingham, talks about nurturing relationships with the media. Someone once said, according...

New craft brewery set for Nottingham

The new owners of The Lakeside Nottingham on Mansfield Road have taken an additional 5,122ft² industrial unit for the production of craft beers. The new...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close