CBI’s “Vision for rebalancing” report – response from Chuka Umunna  

Commenting on the CBI’s “Vision for rebalancing” report published today, Labour’s Shadow Business Secretary Chuka Umunna MP said: “The CBI is correct to say that we must rebalance our economy which has become too concentrated in too few sectors, and in too few regions of the economy over the last 40 years under different governments. “Government must use all the levers at its disposal to build a new economy and encourage businesses to invest for the long term so we can exploit the new high growth economies the CBI refers. But instead of providing the leadership and certainty needed to give companies the confidence to invest – the Tory led government has deterred investment by, for example, cutting investment allowances on capital expenditure over £25,000 and wrecking future success in our green industries with their disastrous changes to feed in tariffs. “The CBI...