UK The CBI has backed Conservative plans to cut the budget deficit swiftly and sharply, rejecting Gordon Brown’s eight-year timetable to reduce the national debt as a “limp” approach that will prolong economic pain.
Richard Lambert, director-general of the employers’ group, endorsed Tory fiscal policy and welcomed the non-confrontational stance on Europe taken by party leader David Cameron. Mr Lambert stressed the CBI’s apolitical nature but his comments mark a significant shift by the business community.
