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Gloucestershire Business News

CBI responds to new Prime Minister announcement

Following the news yesterday that Boris Johnson has been elected as the new Conservative Party leader and will take office as Prime Minister this afternoon, the CBI has had its say.

Deborah Fraser, CBI regional director for the South West (pictured), said: "Many congratulations to Boris Johnson. Businesses in the South West share your optimism for the UK. Let's work together to get our economy back on track and working for communities everywhere. It is time to power up the South West.

"Business needs three things in the first 100 days. A Brexit deal that unlocks confidence; clear signals the UK is open for business; and a truly pro-enterprise vision for our country.

"On Brexit, the new Prime Minister must not underestimate the benefits of a good deal. It will unlock new investment and confidence in factories and boardrooms across the country. Business will back you across Europe to help get there.

"Early signals back home also matter. From a new immigration system to green-lighting major infrastructure, there is no time to waste."

Punchline said: "With the clock ticking until 31st October, those first 100 days will be key for Boris Johnson. Here's hoping he can negotiate a Brexit deal which works for business and can restore the confidence which has been lacking for too long."

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