Higher business taxes and lower business investment are not a plan for growth, says the CBI's Tony Danker.
Watch Tony Danker's speech on unleashing business investment
The lack of detail and pace from the government on some of the big economic choices we must make as a country, top current concerns for business, according to CBI Director General Tony Danker.
Speaking at the Alliance Manchester Business School, he warned the government that a "return to business as usual in our economic policy, at this unique moment in British economic history, would be a mistake".
Instead the government needs to be bold in order to unleash business investment. As every country is shifting its strategy to get behind the future engines of economic growth, it’s the only way the UK can forge a new growth story to compete in the world.
Danker issued four proposals to get firms investing more:
- Smarter taxation – reward those firms who invest, rather than the current business rates system, for example, that perversely taxes more