CBI urges ring fencing of infrastructure spending
Commenting on Fitch Ratings' warning that the UK's sovereign credit rating is potentially most at risk of a downgrade among the top-rated nations, John Cridland, CBI Deputy-Director General, said: "The UK's AAA credit rating must be put beyond doubt, and the budget returned to balance by 2015
"We have called for any new administration to set out within 100 days of taking office a clear and credible path to achieve this aim.
"The emphasis must be on spending cuts and re-engineering public services rather than tax increases. Vague promises of efficiency savings will not be enough. However, capital spending must be protected to ensure that the UK has the infrastructure needed to make the most of recovery."
