Monday, 23 November 2009

Britain has run out of money, the CBI is told

"....the Prime Minister stuck to already announced plans for halving the deficit over four years. He promises to keep fiscal support measures in place for as long as it takes to produce a sustained recovery in private demand.Yet in placing so much of his hope for future growth on infrastructure spending, he seems to have plain forgotten that his fiscal consolidation plans involve some of the biggest cuts to capital spending by the public sector ever seen. The rhetoric on creating a business friendly Britain wide open and attractive to inward investment says one thing, but the practice of higher taxes and more regulation the complete opposite."

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