Fiscal policy, banking regulation and energy security
Fiscal policy, banking regulation and energy security are the three urgent economic priorities for the UK says Richard Lambert at FreshMinds event
FreshMinds, the recruitment consultancy for high-calibre employees, tonight hosted Richard Lambert, Director-General of the CBI, at an event at Bloombergs London headquarters on Finsbury Square. Introduced by James Callendar, managing director of FreshMinds Talent, Lambert told the audience of clients and candidates that fiscal policy, banking regulation and energy security are the three urgent economic priorities for the next British government to deal with.
At the FreshMinds event, Lambert warned:
Fiscal policy, banking and regulations and energy security are the three urgent economic priorities for any incoming government. Its absolutely clear that the nature of our economy in terms of creating jobs is going to have to change. Growth has been pushed through by government consumption supported by debt over the last ten years. This has been coupled with household consumption and debt, but UK families are trying now to cut down their borrowings. What will have to drive the economy, jobs and wealth has to come from private investment and trade. We need to ensure that businesses decide that the UK is a good place to invest money into new projects and investments.
On the budget deficit, Lambert told FreshMinds audience that:
The only things that will make a real difference to the deficit are dealing with the major things like public sector spending. Are politicians going to risk alienating a significant number of voters with an election looming? Yet failure to act would see the financial markets run out of control and no one would want to be running as PM with a financial crisis looming.