October 24, 2011

Medium sized companies key to growth says CBI

by Jan Harris

The CBI has called for the government to support the ‘forgotten army’ of mid-sized businesses, as they have the potential to expand quickly and help Britain prosper. The government should improve access to finance, especially in the bond markets, for mid-sized firms, the CBI said. John Cridland, the organisation’s director general, applauded Germany’s “Mittelstand” – […]

September 27, 2011

CBI: Retail sales weaken in September

by Kay Mitchell

According to the latest Confederation of British Industry (CBI) distributive trades survey, the volume of sales on the UK High Street were lower this month versus a year ago. The figures suggest continue to be cautious about the economic outlook and rein in their spending on the back of rising unemployment, higher inflation and slow […]

September 23, 2011

CBI: UK manufacturing orders fall in September

by Kay Mitchell

The Confederation of British Industry’s (CBI) industrial trends survey today revealed factory orders fell in September after growing in August. The survey’s total order book balance fell to -9 this month from August’s reading of +1 – way below forecasts of a reading of -5. In the meantime, the export order book balance fell considerably […]

May 5, 2011

Smaller manufacturers boosted by stronger demand

by Jan Harris

Small and medium-sized manufacturing companies in the UK benefited from strong order levels in the three months to April, according to the CBI’s latest quarterly SME Trends Survey, Order volumes grew at the fastest rate since April 1995 during the quarter, with 39 per cent of respondents to the survey reporting an increase in domestic […]

February 1, 2011

New CBI chief calls for growth

by Jan Harris

The CBI’s new director general, John Cridland, who took over from Richard Lambert today, has acknowledged the need for spending cuts but has also called for a simultaneous focus on growth. Mr Cridland has said that the necessary framework to allow business to grow must be put in place by the government and that it […]

December 29, 2010

CBI criticises SNP’s record on the economy

by Jan Harris

The CBI’s chairman Iain McMillan has criticised the SNP Scottish Government for wasting public money to the detriment of the economy. It its New Year statement, the CBI calls for strong political leadership in order to rebuild Scotland’s economy in 2011. The CBI criticises the SNB for spending money on a ‘National Conversation’ about seceding […]

December 13, 2010

New CBI boss calls for delay to retirement change

by Jan Harris

The incoming boss of the CBI, John Cridland, has called on the government to delay ending the default retirement age (DRA). The DRA is due to be scrapped in April next year, allowing employees to continue working after the age of 65 if they wish to. The collapse of pension funds over the last few […]

September 16, 2010

CBI says SMEs should not escape pension reforms

by Jan Harris

The Confederation of British Industry (CBI) is calling for the 2012 pension reforms to be simplified in order to cover the smallest businesses. Currently, ‘micro-businesses’ with up to four staff will be exempt from the requirement for employers to automatically enrol employees into a pension scheme and contribute 3 per cent to the pot. However, […]

May 20, 2010

New Chancellor outlines corporation tax reform

by Kay Mitchell

New Chancellor George Osborne gave a speech to business leaders at the Confederation of British Industry’s (CBI) annual dinner last night and has outlined plans to reform corporation tax. He told business leaders that the new Government is committed to lower and simpler corporate tax rates. At the emergency Budget, on 22 June, Mr Osborne […]