CBI cautions on timing
THE eventual withdrawal of government support for the economy must be handled carefully to ensure sustainable growth, the head of the CBI warned yesterday.
Director-general Richard Lambert said the UK economy was "undergoing a massive course of steroids", with 40 billion invested in RBS and Lloyds banks alone. But the decision on when to return the state-owned banks to the private sector was a crucial one, as was the timing of changes to tax and spending to restore the UK's finances.
"Whoever wins the next election will face some painful choices," he said.
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Monday 28 May 2012
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