Against this background firms are cutting back on their investment plans and expect the rate of job losses to increase.
"John Cridland", CBE is the tenth Director-General of the Confederation of British Industry (CBI) in January 2011. In this role he is responsible for the CBI's policy and represents the interests of the United Kingdom's business community nationally and internationally.
He was educated at Boston Grammar School and studied Indian and African history at Christ's College, Cambridge.
He joined the CBI as a policy adviser in 1982 and became its youngest ever director in 1991, when he took over the environmental affairs brief. He moved on to human resources policy in 1995, where he helped negotiate the UK’s first national minimum wage and entry into the European Union’s “social chapter” on employment conditions. He was promoted to the post of Deputy Director-General in 2000.
More John Cridland on Wikipedia.UK Plc feels it has gone as far as it can in accommodating tax rises that have weakened our international competitive position. The trend we now want to see is a downward one not an upward one.
It welcomes new powers for shareholders to vote through proportionate liability for auditors, which should result in a fairer sharing of the burden between companies and their auditors.
This is a very important moment for the government's economic policies. Measures are needed that will ensure economic stability over the next few years and not undermine business growth.
Rising raw material and energy prices have continued to push up costs and hit profits.
The temptation to overwhelm them with unjustified employment law, just to placate the trade union movement, must be resisted.
Companies still need to get the job done.
It is good that the Commission is allowing the opt-out to remain, but it is quite wrong to give trade unions a veto over what should be an individual decision. The proposals would undermine the individual's right to choose the hours they work.
The CBI welcomes the deregulatory aspects of the Company Law Reform Bill.
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