The boss of one of Britain’s biggest business bodies says it is “utterly urgent” the government creates confidence in the economy through its Budget next month. Tony Danker, director general of the Confederation of British Industry (CBI), believes the UK can return to growth in 2023 and inflation can fall - but only if the chancellor sets out a clear plan for growth.
Jeremy Hunt is due to make his Budget statement on Wednesday, March 15. It will be followed by a forecast on the economy and public finances from the Office for Budget Responsibility.
“A lot of businesses have come into this year with two scenarios - a central scenario for revenue which is modest growth and a recessionary scenario where all these headwinds - inflation, political uncertainty, the energy market and war in Ukraine - continue to grow,” Mr Danker told BusinessLive.
