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Category: Richard LambertSyndicate content

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.

Britain finds itself at a “burning platform moment”, threatened by critical issues that must be tackled urgently, Richard Lambert, CBI Director-General, warned last night.

Politicians across the parties must “get a grip”, he said.

The government must improve the way it communicates its economic recovery plans, or businesses will continue to be confused.

Richard Lambert, CBI director-general, said the government should take a lesson from the Obama administration's approach and set up a website to explain in detail the importance, timeframes and effects of recovery initiatives, and to track their progress.

Access to business finance is getting more difficult according to the Confederation of British Industry.

The CBI's Access to Finance monthly survey found that 59 per cent of companies also expect availability of new money to deteriorate even more over the next three months.

The second annual CBI/Real Business Entrepreneurs’ Summit will take place next week with appearances from John Hutton, the secretary of state for business, and CBI director-general Richard Lambert.

The pair will give keynote addresses at the day-long summit on Tuesday, April 15, at London’s Marriott Hotel in Grosvenor Square.

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