CBI warning ahead of Chancellor's Autumn statement
The head of the British employers' organisation, the CBI, has told the Financial Times he doesn't see the UK government focused on growth.
The head of the British employers' organisation, the CBI, has told the Financial Times he doesn't see the UK government focused on growth.
In an effort to position himself before the CBI's annual conference begins on Monday John Cridland argued that some investors in the energy sector were feeling "punched" after cuts to solar panel subsidies.
He said those cuts, allied to changes in carbon reduction financing and the supplementary tax on oil and gas producers were part of a disjointed industrial policy.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
It is Mr Cridland's job to put the case for business but he also highlights the issue of a skills shortage in the UK economy, arguing a £1500 subsidy to help small businesses take on apprentices should be extended to all firms.
The Chancellor, George Osborne, is due to make his Autumn budgetary statement at the end of this month.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Going part-time could leave a £58,000 hole in your pension: how to plug the gap
There are many reasons for switching to part-time work, but some savers don’t consider the impact on their pension until it is too late
By Katie Williams Published
-
Three bargain investment trusts to add to your portfolio
These three investment trusts are bargains compared to their net asset value (NAV), but one fund analyst thinks the deep discounts are unwarranted.
By Dan McEvoy Published