British employers call for economic transformation after COVID-19

Britain's economy slumped by almost 10% last year and is due to grow by 7.25% in 2021, according to the Bank of England (pic). But the central bank has forecast that growth after 2022 will return to its slow, pre-pandemic pace.

LONDON: British employers called on Prime Minister Boris Johnson on Monday to overhaul regulation and tax rules to help them meet the challenges of Brexit, the post-pandemic recovery and preparing for a net-zero carbon economy.

The Confederation of British Industry (CBI) said 2021 should be a turning point for economic policy to break the pattern of weak productivity that has weighed on growth for more than a decade.