• News Feeds
Page last updated at 09:37 GMT, Wednesday, 22 February 2012

CBI: 'Do not slow down austerity'

The director general of the CBI John Cridland has said the government cannot afford to slow down the austerity programme and that any government under-spend be used to pay down the deficit.

He was outlining the employers organisation's submission to the Treasury ahead of next month's budget after recent figures showed there the Chancellor George Osborne was borrowing slightly less than was expected, leaving £10bn unspent.

Mr Cridland went on to say that private investors not investing due to "lack of confidence" but that they can be encouraged by government changes to tax and investment.

The outcry over executive pay was not helping business, he said, as removing rewards for success "can't be right".

Get in touch with Today via email , Twitter or Facebook or text us on 84844.


Story Tools


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific