WIREDGOV

The CBI commented on extracts of the Prime Minister’s speech on re-shoring at the World Economic Forum in Davos.

John Cridland, CBI Director-General, said:

“The EU must focus on growth and competitiveness to help re-shore jobs and activities back to the UK and Continent.

“The benefits of EU membership to the British economy far outweigh the costs but if it were to become more outward-looking, strengthen the Single Market and take a fresh approach to regulation to ensure it supports, rather than obstructs firms, it could create real opportunities for bringing more jobs back.

“As our European umbrella organisation BUSINESSEUROPE argues, increasing industrial competitiveness should be a key priority for EU reform, which would encourage more companies to re-shore.”