CBI gives government credit for business tax reforms
Business tax reforms by the coalition government have helped companies in the current economic climate, says the Confederation of British Industry (CBI).
One year on from the formation of the coalition, CBI president Sir Roger Carr has published his progress report on how the Conservatives and Liberal Democrats have performed in power.
Among the positives are their stance on business tax reform, approach to industrial policy and enterprise, prioritisation of trade and investment, and swift action to cut the nation's deficit.
"The government must be commended for its actions to put the UK's public finances on to a firmer footing, vital for getting confidence back into the markets and bringing public borrowing down," Sir Roger says.
Meanwhile, CBI director for employment Neil Carberry followed a speech from business secretary Vince Cable by echoing calls for unions to minimise disruptive strike action.
The business secretary warned that laws on industrial action may be reassessed if this summer sees extensive walk-outs - a move Mr Carberry said may be appropriate in light of the small proportion of modern-day workers who are part of unions.
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