The business lobby group claims that many businesses have the potential to grow and create new job, but confidence within the public sector remains weak.
In an effort to combat this, within its submission ahead of next months budget, the CBI have urged the Chancellor, George Osborne, to deliver “Plan A Plus” to bolster growth and investment.
John Cridland, the CBI director general, said: “With our economy firmly under the international spotlight, there is no time to lose: Plan A plus must become a reality.
“We're calling on the government to make some targeted changes to the UK tax system, which could make an impact on business decisions and create new opportunities for growth."
The CBI are also calling on the government to ensure existing policies set out in the Autumn Statement, such as credit easing which was designed to make it easier for business to borrow, are fully delivered; with John Cridland adding: “The chancellor must use this Budget to score the growth and investment policy goals he put forward in his Autumn Statement.”
For more information, please visit www.harwoodhutton.co.uk
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