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BCC response to Shadow Chancellor’s speech on the economy

“It’s one thing to support employee ownership, stronger corporate governance and a transition to a greener economy, which have had positive impacts on many firms. But it would be misguided to impose a rigid, one-size-fits all approach.

“Getting our economy moving requires serious investment in skills, infrastructure and a reduction in business costs. But extensive government interference in ownership and governance could deter investors and damage confidence.

“Any incoming government must work more closely with businesses to transform the economy to benefit communities across the UK. Businesspeople want to play their part, but success will depend on partnership, not diktat."

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