CBI’s plea over spend­ing cuts

The Peterborough Evening Telegraph - - Uk&world Update -

The UK’s huge deficit should be tack­led with £4 in spend­ing cuts for ev­ery £1 in tax hikes, the CBI busi­ness group said to­day. In a let­ter to Chan­cel­lor Ge­orge os­borne ahead of the emer­gency Bud­get on June 22, the CBI warned that the pub­lic fi­nances should be re­paired with­out dam­ag­ing growth prospects. It called for a shake-up of pub­lic ser­vices pro­vi­sion to save money through moves such as job cuts and shar­ing back of­fice func­tions.

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