CBI against immediate spending cuts

23 Sep 2009, by Nigel Stanley in Economics

Richard Lambert of the CBI on this morning’s Today programme.

I would say two things, one is that changes in public spending take a long time to bite, the second thing is I think I feel, we feel, that the economy is too fragile right now for massive cuts in public spending so we think that the government should be giving a credible plan for getting fiscal conditions into shape but it shouldn’t be doing something tomorrow.”