Business has put itself on a collision course with government, with the Confederation of British Industry (CBI) today urging an immediate slowdown in the growth of public expenditure to address a £10bn "black hole" in the public finances that "cannot be ducked for ever", reports the Financial Times
In its recommendations to Gordon Brown for his pre-Budget report, the employers' organisation insists "there should be no further increase whatsoever in the business tax or cost burden", says the paper . The CBI's demands on expenditure have already been rejected by the Treasury, while its fears on business taxation are widely thought to be well-founded. In stepping up its rhetoric, the CBI seems prepared to let its relationship with government sour, the FT claims. "The going is getting tougher," it quotes John Cridland, CBI deputy director general as saying. "The relationship will dep...
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