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Steve Purdham
Debbie Pierce
Richard O'Sullivan
Brian Hay
Gary Jacobson
Jeremy Roberts
Tony Caldeira
David Pollock
Ian Morris

Category: Richard LambertSyndicate content

Head of the Confederation of British Industry, Richard Lambert is to step down from his position next year.

The CBI sees the recovery in the UK economy staying on track, but warned it will be protracted as urgent action is taken to reduce the budget deficit.

The CBI today commented on the announcement by George Osborne, the Chancellor, that the Government plans to save £6.2bn in 2010-11.

The recovery in the UK economy is expected to remain sluggish during 2010, and will not pick up much pace until the middle of next year, the CBI said today.

The CBI has called on the government to deliver a 'credible' economic plan to speed up the balancing of public finances by 2016 - two years earlier than planned.

Employers' organisation the CBI, said it urgently wants the government to bring the deficit down.

Richard Lambert, CBI Director-General, yesterday outlined his views on the recent comments by Lord Turner concerning proposals for a “Tobin tax” and other financial issues.

Manufacturers have endured another difficult month but, following months of destocking, their outlook for production over the three months ahead is the least negative since June 2008, the CBI said today.

Businesses are finding it easier to obtain new credit for the first time this year, and expect the situation to improve at a similar rate over the coming three months, the CBI said today.

The UK economy is stabilising, with the worst of the quarterly falls in GDP behind us, but it will take until the beginning of next year before we see a return to growth, according to the CBI.

The UK business group expects modest growth to resume during the first three months of 2010, with the pace of growth gradually picking up during next year.

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