UK’s Build Back Better Business Council examines economic recovery

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By Caribbean News Global fav

LONDON, England (CNG Business) – The first meeting of the new Build Back Better Business Council held Monday, January 18, 2021, was chaired by prime minister Boris Johnson and the Chancellor Rishi Sunak. The business secretary, trade secretary and vaccines minister also attended the meeting.

“The Council discussed the government’s plan and offered their individual perspectives on the best ways to promote economic recovery and growth going forwards. The Council agreed to continue to provide feedback on the proposal in the coming months and consider the role that businesses can play,” prime minister’s office, 10 Downing Street, said in a release.

Prime minister Boris Johnson highlighting the importance of “businesses and government continuing to work together; the need to shield the economy from the deepest economic downturn in centuries” and the need to “look ahead to our economic recovery and the wider task of renewing the UK.”

The prime minister also outlined the need to seize opportunities of Brexit, support job creation, cement the UK’s position as a science superpower, deliver an upgrade to infrastructure and launch a green industrial revolution – ensuring that we build back better, fairer, greener, and faster.

The Chancellor laid out the three key pillars of the government’s plan to drive growth beyond the pandemic: investing in infrastructure, skills and innovation. “He set out that improved infrastructure leads to improved productivity, skills are the single best way to drive human productivity and key in addressing regional disparity, and investment in innovation is critical to deliver new growth, ideas and services.”

The business secretary gave an update on the Better Regulation Cabinet Committee, reinforcing how this would be about improving standards and fostering a more supportive business environment. The trade secretary spoke about the office for investment and the work government is doing to identify and encourage investment into the UK.

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