With the U.K.'s future on uneven ground following the vote to leave the European Union, the country's leading business body is calling on the government to give the economy a "shot in the arm."
While third-quarter U.K. GDP figures came in above market expectations, one key event investors are now looking towards is November 23 when the government releases its Autumn Statement.
Here, the Chancellor of the Exchequer, Philip Hammond, will outline the government's future spending plans, while commenting on the state of the economy.
With businesses and foreign investors fearful of what lies ahead, Hammond should make it a "top priority" to set out a program that will get British regions "firing on all cylinders" and that supports businesses "to innovate, invest and create jobs" in the years to come, the Confederation of British Industry (CBI) said Thursday.
In its submission to the government, the business lobby group called upon the U.K. finance minister to set out an "ambitious pro-enterprise agenda" which inspires confidence and kick starts investment, putting forward their own recommendations on how the government could capitalize on the U.K.'s core strengths.
"This is a really important Autumn Statement and we think what should really be prioritized is investment. We need a shot in the arm for investment in the U.K. economy," CBI Director-General, Carolyn Fairbairn told CNBC on Thursday.