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Cut taxes and relax visa rules to bolster growth, says new CBI leader

The Confederation of British Industry's new director general is to argue today that lower taxes and higher immigration are vital to boosting the economy and supporting growth across the UK. In her first keynote speech as head of the business lobby group, Carolyn Fairbairn will say that mid-sized firms are the UK's growth engine, but are currently being undermined by unpredictable taxation and a shortage of essential skilled staff. She wants companies to be able more easily to transfer their staff in an overseas office into their UK sites, which can be difficult under current visa rules. The new CBI chief also wants a more stable tax regime which incentivises entrepreneurs to expand their businesses and keep on investing. She argues that small firms get a lot of attention, as do the giants, but not the mid-sized businesses in between.

 

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