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CBI calls for measures to spur short-term growth

THE CBI has published the letter it has written to George Osborne and Vince Cable ahead of the release of the Government’s growth white paper.

In it the business group sets out policy measures in four areas designed to promote growth, and specifically do so in a relatively short timeframe, because of the economic environment and the need for private-sector growth.

Mr Lambert writes in the letter that as well as support for the foundations of growth (macro-economic stability, the right regulatory climate, the right taxation regime, skills, labour market flexibility), other measures are needed.

“Beyond support for the foundations of growth, there is a need for a policy focus on those measures that can have the greatest impact on growth performance in a relatively short timeframe,” he said.

The four policy areas where action is particularly needed are ‘Vibrant and growing small and medium-sized enterprises (SMEs)’, ‘Exports to rapidly-growing regions of the world’, ‘Exploiting pent-up demand for domestic projects’ and Reform of public service delivery.

This was posted in Bdaily's Members' News section by Ruth Mitchell .