Wednesday 8th February 2012 10.30am
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Robert Patterson
Partner Agency and Development
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Post your Events CBI’S Richard Lambert Assesses Coalition’s First 100 Days
Richard Lambert, CBI Director-General, today set out his assessment of the coalition government’s first 100 days. In a letter to members, he highlighted the areas where the government had made most progress, and other areas where work still needs to be done.
Mr Lambert said the overall assessment of the government was positive, although its record at this very early stage in its life varied between different policy areas.
He said there were some areas where the government could be given a green light for delivering the right policies swiftly, others where it deserved an amber, and others where it deserved a red light as issues needed to be tackled.
Green-light areas are: fiscal policy covering the budget deficit and corporation tax, and public-sector pensions. Amber-light areas are: innovation and skills, energy security and climate change, financial reform and international trade. Red light are: regional development, planning and employment law concerning retirement.
Mr Lambert said:
“The overall judgement to date is positive. Business has a strong interest in the success of the coalition – the last thing it wants is a period of drift and political uncertainty. And it has been impressed by the speed and direction of policy-making to date.
“This applies in particular to the government’s determined efforts to get the public finances back into shape. June’s Budget was seen as bold and audacious, and it needed to be. Although there are many risks and uncertainties ahead, the dangers of inaction on fiscal policy seemed to most business people to be even greater, given the unsustainable policies inherited from the previous government.”
Mr Lambert summarised his view at the end of the letter:
“There are lots of stresses and strains to come, and the government is going to have to work very hard to sustain business and consumer confidence in the difficult months ahead. But CBI members in general are taking a much more positive view of Westminster than was the case a few months ago.”
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