The head of the CBI has dismissed Government boasts about the health of the UK economy and called on Ministers to develop a serious plan for growth.
On a visit to Newcastle, CBI director-general Tony Danker downplayed Government claims about the country having the fastest-growing economy of top nations, and instead pointed to official forecasts of sluggish growth in 2023 and 2024.
He said that unless there were policies to support more business investment, the UK would face either “higher taxes or austerity” because the country’s economy would not be able to support all the spending needed on public services.
