As the head of the CBI, the person in charge of the organisation says that, if Brexit is done right, the opportunities it brings to the UK could keep taxes and borrowing low.
Tony Danker, the CBI’s chief executive, said now that the UK has left the EU, Brexit might help the nation “grow and prosper,” but only if the government has the resolve to take advantage of the chances.
Jacob Rees-Mogg has also been asked by the CBI Chief to advocate “radical discussions” about these prospects and how to put them into action.
He told Chopper on the Telegraph’s politics podcast that the CBI was mistaken in its pre-Brexit predictions about how Britain would do in the future if the people opted to leave the Union.
Tony Danker said: “I was not a Brexiteer, but I am a post-Brexiteer. I’m interested in what happens now. Brexit is a two-part process, part one – we leave. Part two – we grow, we flourish.
“The swashbuckling, Conservative enterprising party makes Britain a high growth country. I’m waiting for that part. That is the bit I am signed up for.”
Mr Danker also chastised the government for taking too long to capitalise on fresh possibilities created by Brexit. Tony said: “Taxes are on the rise. Debt is on the rise and growth is flatlining. My big concern…is that unless this Governmentworks out how to get growth going, we are going to have more incidents like the National Insurance problem where, of course, spending needs to go up.”
“The pressures on public spending are inexorable. I’m not sure how much higher taxes can go, so you either borrow more, which I don’t think many Tories want to do, or you grow more.”
“I just don’t think the Government has done enough post-Brexit, post-pandemic crisis and in the light of what has been happening in [Ukraine] to get the country growing again.”
Speaking about the new Brexit opportunities minister, Jacob Rees-Mogg, Mr Danker said: “I want to see the Brexit Opportunities Minister say ‘I am no longer constrained by state aid. I’m going to put Government right in the middle of that’.”
When speaking about Brexit, Mr Danker said: “My reflection on the whole Brexit period is that business people didn’t like Brexit, most of them, because it was a curtailment of free trade. Surprise, surprise, they didn’t like it, right?
“The political class interpreted that as a grand political act, and they didn’t understand that sovereignty was more important.
And you know what? They are right – sovereignty was more important.
“I’ve said to the Prime Minister and to others: ‘For us, it was just business, but for you, it was something bigger’.”