Business chief concerned about UK parties’ economic policies



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LONDON (AP) — A senior British business leader has raised concerns about the economic policies of the two main parties in next month’s election, describing 2020 as the most important year in a generation due to uncertainty over Britain’s departure from the European Union.

Confederation of British Industry Director-General Carolyn Fairbairn told Sky News on Sunday that Labour’s plans will “crack the foundations of our economy," while the Conservative Party’s immigration plan risks creating a labor shortage.

Fairbairn expressed concern about Labour’s plans for government ownership of some industries just days after the party pledged to nationalize part of the former telephone monopoly BT in order to provide free fiber-optic broadband.

She also rejected Conservative immigration plans, saying that targeting only the “brightest and best’’ ignores the fact the U.K. needs laborers as well as architects.

___

Follow AP's full coverage of Brexit and British politics at https://www.apnews.com/Brexit

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast