Brexit & EconomyPoliticsCorbyn – political Marmite for the business community

Corbyn - political Marmite for the business community

CBI slams leader's "people's QE" while RICS and BCC express support

Corbyn – political Marmite for the business community

JEREMY CORBYN’s landslide election victory as Labour’s new leader has generated a broad set of reactions from the business community.

While the CBI has slammed what has been dubbed the “people’s QE”, whereby the Bank of England would be compelled to print money to fund infrastructure spending, both the Royal Institution of Chartered Surveyors and the British Chambers of Commerce welcomed the proposal.

Jeremy Blackburn, RICS head of policy, said: “He has raised some challenging but principled issues around the expansion of Right to Buy to private landlords; as well as providing a voice for the widely-felt dissatisfaction of privatisation in our rail sector.

“There is undoubtedly opportunity in his agenda around infrastructure and public spending to get Britain building, and we look forward to sitting round the table and discussing this further.”

The IoD, however, has blasted the idea of renationalising the railways or ramping up business taxes as being detrimental to the economy.

More to follow

 

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