CBI: balance budget by 2015 or risk triple A status
The CBI has warned that the UK's credit rating will be in doubt if the government does not balance its budget by 2015
John Cridland, CBI Deputy Director-General, said: "The Government is right to address the UK's budget deficit, but needs to be more ambitious. We have called for all the major political parties to commit to balancing the budget by 2015, and set out a clear and credible path to achieving this aim.
"Current plans to halve the deficit over four years are too little, too late. The UK's AAA credit rating must be put beyond doubt. The emphasis must be on adjusting government expenditure, rather than tax increases."
