Chancellor's speech at Annual Dinner
The CBI has responded to Chancellor George Osborne’s speech at London’s Grosvenor House Hotel, where he was speaking as guest of honour at the CBI’s Annual Dinner.
John Cridland, CBI Director-General, said:
“Productivity is a missing piece of the growth puzzle and the Chancellor is right to focus on this issue.
“By improving vocational education for 14-18 year olds, investing more in innovation and upgrading the UK’s infrastructure we can make sure the benefits of growth are felt by all.
“Businesses fully support prioritising deficit reduction, which is critical to maintaining the UK’s credibility in international markets and keeping the costs of borrowing low for growing firms.”