Incoming CBI head optimistic on economy
John Cridland, who took over as director general of the Confederation of British Industry (CBI) today, told a national newspaper he was a "relative optimist" about the economy despite a 0.5 per cent shock contraction in the last three months of 2010.
"The companies I talk to can see that growth is slowly and steadily building," he said.
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Hide AdUnlike his predecessor Richard Lambert, who used his farewell speech last week to criticise the Conservative-led government for not doing enough to boost growth when spending cuts are likely to squeeze domestic demand, Mr Cridland praised the coalition for holding onto its course.
"The coalition has done well for business so far. Now is the time to step up the pace even more," Mr Cridland said.
"I believe we have 24 months to deliver a strategy which achieves above-trend growth to maintain the living standards of the British citizen."