6 June 2018

Update

Westminster update

Despite Parliamentary recess, CBI continues to engage with political stakeholders

Westminster update

This week CBI President, Paul Drechsler attended the Prime Minister’s Business Advisory Council alongside other businesses, the Prime Minister, Philip Hammond, Chancellor of the Exchequer, David Davis, Secretary of State for Exiting the EU, Liam Fox, Secretary of State for International Trade and Greg Clark, Secretary of State for Business, Energy and Industrial Strategy.

During the meeting progress on the Brexit negotiations ahead of the June European Council was discussed as well as inward investment. Paul welcomed the great strides forward the government has made at the European Councils in December and March, and went on to emphasise how vital it is that momentum is maintained at the June Council to ensure a successful Brexit deal. On inward investment, Paul spoke positively about the Department for International Trade’s renewed focus on this issue and said that both Brexit and domestic policy will be vital to safeguard the UK’s existing strengths in attracting overseas investment.

Elsewhere, CBI’s engagement with Scottish stakeholders has been high with meetings with Transport Minister Humza Yousaf to discuss High Speed WiFi on rail and Deputy First Minister and Education Cabinet Secretary John Swinney on business engagement with schools. This week CBI Brussels Director, Sean McGuire, has also been in Scotland where he had a roundtable with Scottish Government Brexit Minister, Mike Russell, as well as separate meetings with Scottish Labour’s Shadow Brexit minister Neil Findlay MSP and Jackson Carlaw MSP, Shadow Europe and External Affairs and Deputy Leader on the Scottish Conservatives.

Finally, this week, the CBI’s Head of Finances Services, Flora Hamilton, met with Bim Afolami MP. During the meeting they discussed the impact of Brexit on Financial Services as well as the CBI’s ongoing work on how to enable financial services to support UK growth.

For more information please contact Hannah.collins@cbi.org.uk