CBI sets out 100-day action plan for new government
23 Mar 2015
The Confederation of British Industry (CBI) has set out its action plan for the first 100 days of the next government, which it argues will help to keep the UK economy on track.
The business group has warned of the dangers of a ‘power vacuum’ if no single party secures an outright majority win in the General Election on 7 May. It added that any post-election uncertainty would pose a very real threat to economic stability.
Director General of the CBI, John Cridland, called on the new administration to keep on top of public finances, tackle the housing crisis and break the current ‘gridlock’ and ‘ambitious’ reform of the EU.
‘Whether we have a majority, minority or coalition government, we ask those involved to ensure that the period of post-election uncertainty is kept to a minimum,’ commented Cridland.
‘We cannot afford a power vacuum that delays urgent policy decisions and unsettles potential investors, so any new Cabinet must get down to business as soon as possible.
‘But if horse-trading is required to form a new government, politicians must not duck the tough questions just to reach agreement and risk undermining the recovery before the ink has dried.’
The CBI has also urged any incoming government to make swift decisions on the terms of its next spending review, which is likely to cover the period between 2016 and 2020.