Carolyn Fairbairn, CBI director-general, said an industrial strategy was needed John Stillwell/PA WireBusinesses applauded the prime minister’s commitment to a “modern industrial strategy” but urged her to secure clarity from the EU on avoiding a Brexit cliff edge. Theresa May used her speech to the CBI conference in London to attempt to allay fears of a sudden jolt for businesses as Britain leaves the EU. She outlined a more active government economic role through a “strategic partnership” with key sectors. Carolyn Fairbairn, the CBI director-general, said the commitment to an industrial strategy was welcome. “Four out of five firms are clear that industrial strategy is the fundamental building block of a fair UK economy with great jobs and rising living standards,” Ms Fairbairn said.

Source: The Times November 07, 2017 00:05 UTC