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.
Email to a friend
Print this page- Broken Rangers: Club signals intention to go into administration
- Rangers run into the ground as furious HRMC battles to claw back tax
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- Rangers blame HMRC for driving club to brink of administration
- Six Nations: Steadman given notice as ruthless Robinson seeks to strengthen team
- Scottish independence: No breakthrough in talks between Alex Salmond and Michael Moore
- Scottish independence: David Cameron set to snub Alex Salmond’s separation talks bid
- The Rumour Mill: Tuesday’s football news and gossip
- The Rumour Mill: Monday’s football news and gossip
- Alex Salmond claims Scottish independence would be good for English regions
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Wednesday 15 February 2012
Today
Cloudy
Temperature: 6 C to 11 C
Wind Speed: 18 mph
Wind direction: West
Tomorrow
Cloudy
Temperature: 6 C to 11 C
Wind Speed: 20 mph
Wind direction: South west
