Business lobbying group called autumn statement realistic and ‘imaginative’

The Confederation of British Industry (CBI) gave instant praise to George Osborne’s autumn statement today, calling it “’Plan A Plus’ in all but name.”

John Cridland, CBI director-general, said: “This autumn statement works with the realities of today and provides an imaginative framework for UK businesses as it strives to secure growth and jobs. This is ‘Plan A plus’ in all but name.

“[…] We particularly welcome the new emphasis on capital spending, and the measures to leverage private sector investment on infrastructure for roads and energy.”

The business lobbying group also expressed its approval of the chancellor’s commitment to help businesses in energy-intensive industries such as construction product manufacturers.

“Equally important for jobs and growth is the recognition that the UK’s energy-intensive users need help as a result of the unilateral increases in manufacturing energy costs from the carbon floor price and electricity market reform,” Cridland said.