The Confederation of British Industry, one of the UK’s largest business lobby groups, has shelved plans for a tie-up with manufacturing body Make UK, telling members it was “confident” an alternative emergency cash rescue would be found.
A call with the CBI president, Brian McBride, and its director general, Rain Newton-Smith, on Wednesday replaced its scheduled annual general meeting at less than 24 hours’ notice. The change of plan came after a £3m cashflow shortfall prevented the CBI from presenting its financial statements to its members as planned.
