IoD statement on Government Economic Policy following Richard Lambert’s remarks

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.”

ENDS

Contact Points

Edwin Morgan
Media Relations Manager
Institute of Directors, 116 Pall Mall, London SW1Y 5ED
Tel: +44 (0)20 7451 3392
Mob: +44 (0)7814 386 243
Email: edwin.morgan@iod.com
Website: www.iod.com/policy

Notes to editors

  • The Institute of Directors (IoD) was founded in 1903 and obtained a Royal Charter in 1906. The IoD is a non-party political organisation with approximately 38,000 members in the United Kingdom and overseas. Membership includes directors from right across the business spectrum – from media to manufacturing, e-business to the public and voluntary sectors. Members include CEOs of large corporations as well as entrepreneurial directors of start-up companies.
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