Public spending: CBI rejects Tory view
Nigel has posted Richard Lambert’s comments made on Radio 4 today. The CBI has been very careful not to join in with the ‘slash and burn’ hysteria of recent weeks. And now we know why. Britain’s biggest business association agrees with the TUC view that urgent and deep cuts are not needed and would damage the economy. Given that the Tories like to parade themselves as the party of business, this is a disaster for them. Hopefully, it will help end the mild insanity which has gripped press and politics over the last few weeks and led to absurd attempts by all concerned to look increasingly tough on public spending.