UK firms could unlock £100bn in growth by acting more like magpies says leading business group

UK companies should act more like “magpies” and less like “ostriches”, in order to unlock £100bn in extra economic growth and cut inequality by 5 per cent, a leading business group has said.

The magpie approach means adopting the best tried-and-tested technologies instead of remaining stuck in old ways, according to the Confederation of British Industry (CBI).

The CBI in a report published on Monday argued that the Government’s industrial strategy should prioritise ensuring that proven technologies like cloud computing, mobile technology, e-purchasing and cyber security, reach more businesses.

UK firms are years behind their Danish counterparts, for example, when it comes to

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