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Budget: CBI urges 'relentless focus on growth' Budget: CBI urges 'relentless focus on growth'
(40 minutes later)
The CBI is lobbying the chancellor to get the UK working by showing a "relentless focus on growth" in the forthcoming Budget.The CBI is lobbying the chancellor to get the UK working by showing a "relentless focus on growth" in the forthcoming Budget.
In a letter to George Osborne, the employers' organisation calls on the government to produce an "all action" Budget on 23 March. In a letter to George Osborne, the employers' organisation calls on the government to produce an "all-action" Budget on 23 March.
It wants a focus on boosting export performance, investment spending and the removal of barriers for high-growth firms.It wants a focus on boosting export performance, investment spending and the removal of barriers for high-growth firms.
It also wants changes to taxation.It also wants changes to taxation.
It says some elements of the tax system are discouraging entrepreneurship and undermining UK competitiveness.It says some elements of the tax system are discouraging entrepreneurship and undermining UK competitiveness.
All-actionAll-action
The CBI's director general, John Cridland, said: "This Budget must demonstrate a relentless focus on growth to help get the UK working again. We need an all-action Budget which boosts exports, investment and jobs." "Our message is every single thing [the government does] must focus on growth and, at the moment, they're trying to do other things that sometimes get in the way of that agenda," the CBI's director general, John Cridland, told the BBC.
"They've yet to prove themselves, we're working with them and I hope they will."
He added: "This Budget must demonstrate a relentless focus on growth to help get the UK working again. We need an all-action Budget which boosts exports, investment and jobs."
The employers' organisation also says it wants to see a Mittelstand of businesses - like Germany's famously efficient family owned mid-sized companies - thrive in the UK.The employers' organisation also says it wants to see a Mittelstand of businesses - like Germany's famously efficient family owned mid-sized companies - thrive in the UK.
Mr Cridland said: "The Budget should create the framework for a Mittelstand of mid-cap businesses by ensuring they can access the capital they need to expand at home and abroad." "The Budget should create the framework for a Mittelstand of mid-cap businesses by ensuring they can access the capital they need to expand at home and abroad," Mr Cridland said.
The group also wants changes to employment laws, including doubling the time after which an employee can sue for wrongful dismissal from one to two years to give companies more time to assess the potential of a new employee.The group also wants changes to employment laws, including doubling the time after which an employee can sue for wrongful dismissal from one to two years to give companies more time to assess the potential of a new employee.
Ian McCafferty, the CBI's chief economic adviser, said: "As spending cuts put household spending under ever greater pressure, the Budget must create the right conditions for businesses to invest and grow." Meanwhile, the manufacturers' association, the EEF, says that recruitment and investment plans among manufacturers are at record levels as the sector maintains strong growth.
The EEF's survey of more than 500 firms showed that exports were behind "strong" orders, but the group also warned of price increases among manufacturers, driven in part by the rising cost of raw materials.