The business plan for the first 100 days

Priorities for the new Government's first 100 days

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Deficit

Healthy public finances for growth

In its first 100 days in office, the new government should:

  • Initiate a Comprehensive Spending Review which will pinpoint essential cost reductions whilst embedding a culture of innovation and investment
  • Outline the fiscal rules which will guide the government throughout the course of the next parliament and set the public finances on a strong footing
  • Be upfront about the major structural changes needed to our public services, establishing an independent commission on future needs and launching pilots for integrating health and social care

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Tax

Encourage enterprise and attract investment

In its first 100 days in office, the new government should:

  • Begin work on a comprehensive Business Tax Roadmap setting the course for the parliament – including a commitment to maintaining the most competitive corporation tax regime in the G20, issuing terms of reference for a wholesale review of the broken business rates system and supporting industry with more competitive capital allowances and expanded R&D tax credits
  • Boost HMRC resources to tackle tax evasion and aggressive tax avoidance and help growing businesses
  • Confirm continued commitment to the BEPS project to update the international tax rules, setting out the UK priorities for its final stages

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Education

Give young people the best start

In its first 100 days in office, the new government should:

  • Launch a full review of 14-18 education to cover exams, school structures and curriculum to inform a move to a wider range of routes to 18, looking at ending exams at 16 and creating vocational A-levels
  • Redesign the Ofsted inspection framework so it assesses academic progress and development of character equally
  • Amend the national curriculum so that all 16 year olds have the chance to do work experience by the start of the 2016/17 academic year
  • Commit to supporting the sustainability of our universities and working with them to deliver more flexible courses

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Jobs

Help people get into work and get on

In its first 100 days in office, the new government should:

  • Announce the extension of fifteen hours free childcare to all one and two year olds to help families with childcare costs and support parents getting back to work
  • Make a commitment to maintain and protect the UK as a flexible labour market and the independence of the Low Pay Commission
  • Establish an independent review to determine a national level voluntary target for closing the gender pay gap

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Exports

Seize opportunities to grow overseas

In its first 100 days in office, the new government should:

  • Maintain an ambitious, long-term exports target to measure success across the parliament as part of a strategy targeting high-growth markets and unlocking the exporting potential of medium-sized firms
  • Outline a pragmatic and sustainable position on migration which includes scrapping the net migration target
  • Expand the scope of the R&D tax credit to encourage more product development in the UK
  • Establish an annual benchmarking review of the business environment to inform UK industrial strategy, alongside beginning work on an overarching 'materials strategy' to strengthen manufacturing supply chains

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Medium-sized businesses

Fuel fast growing companies

In its first 100 days in office, the new government should:

  • Publically get behind a UK private placement market, as the flagship measure within an action plan to boost long-term growth capital and support ambitious medium sized businesses
  • Commit to improving the offer from the British Business Bank by mandating the creation of a public facing 'one stop shop' to help businesses navigate different financing options
  • Recognise that the UK financial sector is an asset to our businesses and economy with a commitment to maintaining its status and competitiveness

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Homes

Get Britain building more houses

In its first 100 days in office, the new government should:

  • Develop a comprehensive new housing strategy to reach the target of 240,000 homes being built every year by 2025, which includes designating ten garden cities for development

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Infrastructure

Take decisions now for the long-term

In its first 100 days in office, the new government should:

  • Commit to implementing the recommendations of the Airports Commission, providing certainty for investors, businesses and travellers about future aviation capacity
  • Announce the creation of a permanent independent infrastructure commission, underpinned with legislation in the Queen's Speech, to map the UK's future infrastructure needs and how these could be met
  • Make a public commitment to implement EMR, set a clear timeline for a post-2020 levy control framework and continue support for energy-intensive industries
  • Designate energy efficiency as a national infrastructure priority and develop a consultation on a new energy efficiency programme to succeed the Energy Company Obligation

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The EU

Ambitious and achievable reform

In its first 100 days in office, the new government should:

  • Commit to the swift completion of TTIP by working with allies to ensure the EU and US sign the trade deal by the end of 2016
  • Set the direction for the UK's relationship with Europe by outlining a Europe-wide reform agenda
  • Respond to the European Commission's digital single market initiation and publish a white paper encompassing all aspects of a digital single market

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Devolution

Support growth, don't devolve by deadline

In its first 100 days in office, the new government should:

  • Set out a clear, realistic timetable of the ongoing devolution processes – the Smith Commission, St David's day agreement and devolution of Corporation Tax to Northern Ireland – for UK nations and regions that supports the aspirations of each nation and the integrity of the UK as an investment location

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Business relationship

The right balance

In its first 100 days in office, the new government should:

  • Give the CMA a new Strategic Steer, for the lifetime of the parliament, that underlines not undermines its independence to give investors and consumers confidence
  • Commit to the 'one-in, two-out' approach for new regulations which impact upon businesses to act as a check and balance on new rules

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For more information, read the full report