Rain Newton-Smith

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"Businesses want to invest and grow, but rising employment costs mean the 'cost and confidence equation' in the labour market must change."

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"CBI survey shows rising costs are reducing youth entry-level jobs and apprenticeships; calls for 'reform' in the labour market and an autumn Budget to 'rebuild firms' confidence'."

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"The UK financial services industry already faces a higher tax burden than key international competitors, so bank taxes should not be raised further."

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"CBI chief executive endorses the Conservative leader's focus on enterprise as the engine of prosperity, sound public finances, tackling excessive regulation, and making it easier and cheaper to hire young people."

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"Firms must be given breathing space from cumulative cost pressures holding back investment and hiring."

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"Public investment should be designed to crowd in, rather than crowd out, private capital."

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"The Chancellor's speech sent the right signals, but the upcoming budget must turn them into action to change firms' willingness to invest, hire young people, and scale businesses in the UK."

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"A food price cap won't work because it holds down the shelf price but does nothing to reduce the underlying structural costs of farming, production, refrigeration, labour, and energy."

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"A food price cap won't work because it can hold down the printed price but not the underlying costs of farming, production, refrigeration, labour, and energy; supply-chain cost reduction is the correct focus."

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"There is a structural cost-of-doing-business crisis and the Budget must not add further to hiring, investment and operating costs."

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"Governments must work with business to reset Brexit, unlock investment, create jobs, and raise living standards."

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"Higher taxes, energy bills and regulatory costs force firms to absorb costs, leading to weaker investment, fewer jobs and less scope to raise wages."

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"Young people are locked out of the labour market and growth must be at the heart of solving youth unemployment."

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"Britain's competitive position depends on deploying AI at scale, and AI adoption should be treated as a national economic priority."

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"The UK should treat AI adoption as a national economic priority, with government and business sharing the ambition to make Britain the best place in the world to adopt AI responsibly, promising better jobs, rising wages and higher living standards."

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"AI adoption should be treated as a national economic priority, with government-business partnership on regulation, skills, and delivery, promising 'better jobs, rising wages, stronger businesses and higher living standards'."

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"Britain should make AI adoption a national economic priority, because putting AI to work at scale will deliver better jobs, rising wages, stronger businesses and higher living standards."

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"Britain should treat AI adoption as a national economic priority, with government and business collaborating to make the UK the best place to adopt AI at scale."

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"The incoming Labour leader must avoid a 'summer of speculation' on tax and spend because policy uncertainty is damaging for British business."

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"CBI CEO urges the government to avoid further 'drift or delay' on long-term commitments including defence investment, infrastructure, energy price caps, and the UK-EU reset."

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"The UK cannot afford political distraction or leadership battles because political uncertainty dampens business confidence and investment, which is needed for stable economic growth and job creation."

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"The CBI warns the UK cannot afford political uncertainty and 'drift', arguing that stable government and delivery are what the economy needs for growth and investment."

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"Reducing the high cost of creating jobs in the UK would open up more opportunities for young people."

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"The lack of opportunities for young people is a 'tragic waste of potential' driven by the high cost of creating jobs in the UK."

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"CBI boss Rain Newton-Smith argues that tax increases cannot drive economic growth."

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"Newton-Smith acknowledges industry challenges and expresses confidence in navigating them through partnership and resilience."

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"The UK cannot implement a successful growth strategy without having a specific strategy for trade and engagement with China."

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"The UK should not isolate itself from China because British firms view increased trade with Chinese companies as a key opportunity for economic growth."

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"UK economic growth depends on enhancing business confidence, strategic investment, and maintaining a competitive global outlook amidst geopolitical tensions."

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"The future of Britain is dependent on the success of its industry."

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"Warns that the UK may face pressure to align with competing global trading blocs amid rising tensions but argues that the UK must remain independent of such pressures."

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"The UK cannot achieve economic growth through tax increases."