12 June 2020 - Morning roundtable - Login for venue
Powerful messages emerged from a June Industry Forum online roundtable discussing ‘Achieving a strong and agile economic recovery’.
Shadow Digital, Science and Technology Minister Chi Onwura MP, a qualified engineer with wide industry and regulatory experience, kicked off the meeting which was hosted online by the Mineral Products Association (MPA). She was followed by Andrew Smith, Chief Economic Adviser to the Industry Forum; Robert McIlveen, Director of Public Affairs for MPA and Aurelie Delannoy, Chief Economist for MPA; and Vicky Pryce, Chief Economic adviser to leading business and economics consultancy CEBR.
Key messages were:
· Support for R&D spending and investment in the digital and physical infrastructures, as well as the green transition, are all high priorities.
· Further government financial support for distressed businesses would cost less than the otherwise inevitable wave of insolvencies and redundancies.
· The impact of a no-deal Brexit would be large and would seriously impede the recovery progress.
· Austerity won’t work: a concrete and fully financed recovery plan needs to be produced and implemented in cooperation with industries, regions, cities, and local authorities.
Chi Onwurah MP, Shadow Minister Digital, Science & Technology
Robert McIlveen, Mineral Products
Vicky Pryce, Centre for Economics and Business Research (CEBR)
Sponsors: Mineral Products Association