No new year cheer for UK economy with productivity and business investment weakening – CBI Economic Forecast
After a turbulent year both politically and economically, the CBI’s outlook for the economy strikes a somber tone as we go into 2023. The Prime Minister and Chancellor have stabilized financial markets but must act to boost long-term growth according to the latest CBI economic forecast.Economic growth can only come from increasing productivity and maximising our workforce. When fiscal and monetary policy is tight, Government must use all levers at their disposal to move the UK economy beyond this current trajectory.This includes addressing skill and worker shortages and unlocking business investment through capital allowances and regulatory changes, such as removing the...