CBI blames govt. of giving priority to politics

CBI blames govt. of giving priority to politicsSir Richard Lambert, director general of CBI has blamed the government for putting politics before economic policies and that also means that they had been careless in implementing policies which would have otherwise been useful. And these will directly affect the businesses and job creation as well.

He also blamed them of not trying hard enough. He especially pointed out that Vince Cable's Department of Business has completely missed out on the role that it had to play and that is why there is requirement where it needs to have a big look at what is happening and what needs to be done. This is the time where more action-oriented approach is needed rather than just mere talks.

In his speech, he has said that the politics has more than once trumpeted over economics and there have been more than few instances where such a thing has happened. Now is exactly the time when things like investment in UK's infrastructure, power generation and investment banking initiatives are needed to be done.

Private and public sector growth, he said, are both sides of the same coin and that is the reason both of them need to be growing.