Daily Express

Welcome from business but Brexit warning

- By Alan Jones

BUSINESS leaders said there was a “desperate need” to help firms invest as they welcomed Tory commitment­s on issues ranging from skills to filling in potholes.

The party’s manifesto unveiled plans for a new National Skills Fund as the first step towards a so-called Right to Retrain for all adults, pledging to invest £600million a year.

Edwin Morgan, director of policy at the Institute of Directors, said: “There is a desperate need to help businesses invest, so measures around training, science funding and local – but very important – issues like potholes will be welcomed.

“But when it comes to Brexit, business will only feel it is ‘done’ when they know the terms of the new relationsh­ip with the EU.”

The Conservati­ves pledged to reduce business rates, via a fundamenta­l review of the system and also to increase the Employment Allowance for small businesses – a tax cut for half a million small firms. Josh Hardie, the CBI’s deputy director general, said: “Businesses will be heartened by a pro-enterprise vision. But sustainabl­e economic growth will be risked if there is a needless rush for a bare bones Brexit deal that would slow down our progress for a generation.”

British Chambers of Commerce director general Dr Adam Marshall said: “While the manifesto strikes some of the right notes, business communitie­s across the UK will be looking to see more substantia­l measures to boost growth, enterprise and investment.”

 ??  ?? Warning...CBI’s Josh Hardie
Warning...CBI’s Josh Hardie

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