Partner Article

CBI gives coalition credit but says more is still needed

The CBI is yesterday published its assessment of the first year of the coalition Government, against 12 priorities the business group set out before last year’s general election.

In the CBI’s report, The Coalition Government One Year On: the Business Perspective, the Government is given credit for its swift and decisive action on the deficit, for its reform of business taxes, for prioritising trade and investment, and its approach to enterprise and industrial policy.

However, the CBI believes that Government policy has been less effective in reforming the energy market, and progress on a number of policies, including moving to a low-carbon economy, increasing labour market flexibility, and reforming public services has been slow.

CBI Director-General John Cridland said**:**“There’s much the Government should be given credit for in a busy and productive first year. Acting decisively and swiftly on the deficit has certainly laid a firm foundation for future growth.

“But now we need to see delivery on the ground. Some areas, like energy, low-carbon policy and public service reform, are still in need of urgent action.”

At the CBI’s annual general meeting, also held in London yesterday, Sir Roger Carr was formally elected President of the business organisation.

Sir Roger, Chairman of Centrica plc, takes over from Helen Alexander, chairman of the Port of London Authority.

He is expected to serve a two-year term in the role.

He said: “I am delighted to be taking on the role of CBI President, especially at such a critical moment for the UK economy. The role business has to play has rarely been as crucial as it is today.

“During my Presidency, my twin objectives are clear – encouraging the Government to set the right environment for businesses and energising businesses to capitalise on the opportunities that the Government can provide.

“We have no reason to believe that government can solve all the problems. But we have every reason to work together to fulfil our potential and rebuild lasting strength in our economy.

“I look forward to working with John Cridland and the CBI team to make sure that the voice of business continues to be heard loud and clear both at home and overseas.”

Helen Alexander was formally elected Deputy President at the annual meeting.

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