Tuesday, 16 May 2017

Business reacts to Labour's manifesto plans

Business groups have expressed varying reactions to Labour's manifesto while the plans have been welcomed by unions.
The CBI said it "prioritises state intervention over enterprise" after the party said it would nationalise power networks, water suppliers, rail firms and Royal Mail.

CBI director-general Carolyn Fairbairn welcomed proposals on skills, infrastructure and apprenticeships, saying parts of the manifesto deserved "three cheers".

But she said too many - including the plans for public ownership and plans for the minimum wage and zero-hours contracts - were "far wide of the mark".

"Labour's proposals taken as a whole prioritise state intervention over enterprise, and fail to offer the pro-growth and competitiveness agenda the country so badly needs," said Ms Fairbairn.

Elsewhere there was a welcome from the Federation of Master Builders (FMB) for the party's housing goals.

FMB chief executive Brian Berry said: "Labour's pledge to integrate housing and skills policy is the right approach to tackling two of the key challenges we face in the building industry.

"We are building too few homes in every part of the UK and this problem is exacerbated by the construction skills shortage."

SKY        News.