CBI calls for ‘credible’ economic plan

| March 8, 2010 | 0 Comments

The Confederation of British Industry (CBI) is calling on the Government to provide a ‘credible’ economic plan for balancing public finances by 2016 - two years earlier than planned.

The business group believes that Chancellor, Alistair Darling, should use his last Budget before the general election to give more details of spending plans for Whitehall departments, in a bid to provide economic stability.

In a letter to Mr Darling, the CBI said “damaging tax rises” should be avoided as the economy is still “fragile“.

The business group also wants a u-turn on planned increases in employers’ National Insurance contributions.

CBI director, Richard Lambert, said: “The government must act now to set out a convincing, credible pathway for balancing the books.”

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