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UK needs to make politically unpopular reforms to boost growth, business group says

  • 📰 Reuters
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  • 2 min. at publisher
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  • News: 18%
  • Publisher: 97%

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The British government must be willing to make politically unpopular choices in areas such as immigration and regulation to boost business investment and economic growth, the Confederation of British Industry (CBI) said on Monday.

at a budget statement on Thursday as he seeks to show Britain can fix a hole in its public finances.

"Changes to immigration, regulation and planning are now critical levers to get firms to invest but will require the government to make political sacrifices," the CBI said, setting out a series of policy proposals which it acknowledged many in the governing Conservatives would find hard to support. It also called on the government to streamline "the slow and inconsistent planning system", and speed-up decision-making for major developments.promised supply-side reforms

"All of us need to accept now that with fiscal and monetary policy tightening, we need many more pro-growth policies for our economy, if we’re to avoid a decade of no growth," CBI Director-General Tony Danker said in a statement.

 

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100% !! Needs massive finanacial overhaul. Out of control government spending and nanny programs

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