CBI calls for clear growth strategy

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p><a href&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;02&sol;cbi-calls-for-clear-growth-strategy&period;jpg"><img class&equals;"alignnone size-full" title&equals;"John Cridland said the Government must deliver a clear strategy for economic growth" src&equals;"http&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2011&sol;02&sol;min-cbi-calls-for-clear-growth-strategy&period;jpg" alt&equals;"John Cridland said the Government must deliver a clear strategy for economic growth"&sol;><&sol;a><&sol;p>&NewLine;<p>The head of the UK&&num;8217&semi;s top business group has said the Government must deliver a clear strategy for growth with the next Budget as it downgraded its forecasts for the British economy&period;<&sol;p>&NewLine;<p>But John Cridland&comma; the new director general of the CBI&comma; said he was confident the Government was &&num;8220&semi;redoubling its efforts&&num;8221&semi; after his predecessor&comma; Sir Richard Lambert&comma; accused the coalition of failing to put forward a vision for the economy&period;<&sol;p>&NewLine;<p>Mr Cridland also said it was looking for signals that the Government was drawing up a road map for reforming personal taxes to stimulate growth&comma; but did not expect any material changes in the next Budget on March 23&period;<&sol;p>&NewLine;<p>His comments came as the CBI revised its forecast for growth in output in 2011 to 1&period;8&percnt; from an &&num;8220&semi;already sluggish&&num;8221&semi; 2&percnt;&period; Economic growth in 2012 was downgraded to 2&period;3&percnt; from 2&period;4&percnt;&comma; with the CBI warning that conditions will remain subdued for the following two years as household spending remains low and Government cuts gather pace&period;<&sol;p>&NewLine;<p>But the statistical impact of December&&num;8217&semi;s severe weather &&num;8211&semi; which sent the economy into a shock 0&period;5&percnt; decline in the final quarter of 2010 &&num;8211&semi; will also have a significant bearing&period;<&sol;p>&NewLine;<p>Inflation is expected to be slightly higher than its previous forecast throughout 2011&comma; as commodity prices continue to soar&comma; before gradually declining throughout 2012&period; The CBI still expects an interest-rate hike between April and June this year but the group is confident a double-dip recession is unlikely and predicts a rebound to economic growth in the first three months of this year&period;<&sol;p>&NewLine;<p>In his final speech&comma; Sir Richard took a surprise swipe at the Government&comma; accusing them of choosing &&num;8220&semi;politics over economics&&num;8221&semi; on too many occasions&period;<&sol;p>&NewLine;<p>Mr Cridland said&colon; &&num;8220&semi;The Government intends to have a strategy for growth by the day of the budget&period; We&&num;8217&semi;re working alongside to help them with the formulation of that strategy&period; But looking beyond budget day&comma; if we are still without a strategy there will be concern&period;<&sol;p>&NewLine;<p>&&num;8220&semi;I&&num;8217&semi;m confident they have got our message &&num;8211&semi; especially after Sir Richard&&num;8217&semi;s comments &&num;8211&semi; and will redouble their efforts&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Mr Cridland said he was looking for three key areas in the Government&&num;8217&semi;s growth strategy &&num;8211&semi; business investment&comma; export promotion and job growth&period; He also said CBI members were keen to see the Government open up to personal tax reforms&comma; to ease the burden on UK entrepreneurs&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-6902994c50b5e">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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