Chris Hayward, Policy Chairman at the Corporation, said:
“Firms in the City and beyond will be buoyed to hear the Chancellor match her optimism about UK economic prospects with bold action.
“By partnering with businesses, the Government can enhance the UK’s appeal for capital, firms and talent, leveraging trade deals to unlock new investment opportunities. The Corporation is already supporting the Office for Investment, ensuring investors know the UK is open for business.
“The Government must now work hard to create a pipeline of investable projects. Enacting the planning reforms is vital for success. Long-overdue infrastructure improvements send the right signals. We strongly welcome the backing for expansion at Heathrow, and look forward to updates from the Transport Secretary on Gatwick and Luton.
“Movement on defined benefit pension surpluses into UK assets, with the right protections, can be a positive step. We are also keen to see delivery of the Mansion House Compact with 11 founding signatory DC pension funds, stands ready to flow a further £50bn into productive assets by 2030 in the pursuit of growth; benefitting UK savers.
“Industry now needs speedy delivery and swift implementation to really get growth growing. There isn’t a second to waste.”
';
