As a respected economic forecaster warns output this year could fall by more than expected, the CBI's chief executive is due to call on the chancellor to help firms invest in uncertain times.
Britain's biggest employers' group is urging the government to take"big decisions" on boosting growth as a prominent forecaster warns that the country may be facing a deeper recession than it had expected.
Tony Danker will argue that the country is lagging behind international rivals in the sphere - and that Jeremy Hunt's looming spring budget provides an opportunity for government to help business achieve it.He is also seeking new regulation to stimulate domestic demand for green technologies. A permanent successor to the super deduction tax that ends in April is needed to prevent the UK from dropping from fifth to 30th place among the 38 Organisation for Economic Co-operation and Development advanced economies for capital investment, Mr Danker was also expected to say.. The ideas are there. Let's stop second guessing ourselves and get on because there is money on the table to capture right now.", may see a deeper downturn than initially expected.
"The UK's economic outlook has become gloomier than forecast in the autumn, and the UK may already be in what has been one of the mostly widely anticipated recessions in living memory," said EY's UK chair Hywel Ball.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Future of Vampire Academy confirmed after one season'Business is business.'
Read more »
CBI chief urges UK to counter US and EU ‘arms race’ on green subsidies\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
Read more »
Forget the central business district\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
Big business is in for a rough earnings seasonThe mood among CEOs at the World Economic Forum in Davos was, if not upbeat, then at least no longer sombre. Back on earth, things look dicier
Read more »
UK steel industry a whisker away from collapse - UniteUnite has written a letter to the Business Secretary Grant Shapps seeking more government support.
Read more »