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CBI calls for spending cuts to prioritise growth

22 September 2010
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CBI calls for spending cuts to prioritise growthGrowth of the economy should be at the heart of government spending cuts, in addition to enhancing the efficiency of the public sector.

This is the assertion made by the Confederation of British Industry (CBI), which has issued a call to ministers to consider fiscal expansion when implementing spending limits.

In its submission to the Treasury, the organisation proposed re-engineering public service delivery and cutting expenditure in other areas to ensure that investment in those fields that boost economic growth is protected, something that may interest operations management professionals.

Published ahead of October's Spending Review, the statement highlighted the need to guard against reductions to transport infrastructure projects, research and development and skills training.

CBI deputy director-general John Cridland remarked: "The government must improve the efficiency of public services and focus the limited public money available on areas that do most to galvanise growth."

Meanwhile, the CBI revised its estimate for the UK's economic growth during 2010 up from a previous forecast of 1.3 per cent to 1.6 per cent.ADNFCR-3058-ID-800076261-ADNFCR
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