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CBI: Balancing Public Finances Must Be Top Priority For Next Govt

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Monday, the Confederation of British Industry set out a new agenda for the next government in the UK, stressing the need to make an effort to get public finances balanced by 2015 with a "clear and credible plan".

The business lobby released a 12-point agenda spelling out the priorities for a new administration to put the economy on a path to sustainable growth, with suggestions ranging from tackling youth unemployment to developing a strong banking system.

"The major political parties really need to focus on the public finances, even though this requires tough decisions," CBI Deputy Director-General John Cridland said.

Cridland also emphasised the need for a newly elected government to act swiftly, noting that swift action will not only put "the right priorities in place quickly, but also help win confidence."

The next general elections in the U.K. are set to be held by June 2010.

(Market News Provided by RTTNews)

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