Dated: 24 January 2011
The IoD makes the following statement on the Government’s economic policy in light of the remarks made by outgoing CBI Director-General, Sir Richard Lambert.
Graeme Leach, IoD Chief Economist and Director of Policy said:
“Business leaders continue to support the Government’s deficit reduction plan. It is vital for the UK’s long-term economic prospects that we get a grip on the public finances now. This is why the Chancellor’s strategy of deep cuts to public spending sooner rather than later is the right one.
“Where business leaders would be critical of the Government is on the development of employment law, which is set to become more complicated because of a number measures proposed by the Business Department. To assist economic growth, the Government should be making it easier for businesses to employ people, not harder.”