By: Tom Hedegard, Two of Britain’s main business lobby groups - The British Chamber of Commerce and the Confederation of British Industry - have slashed their forecasts for the economy and called on the government to ‘show some backbone’ in driving growth. They say that they want more spending on infrastructure to boost Britain’s long-term economic recovery and that MPs should be more involved in the country’s financial problems. In their quarterly forecast for the British economy both the BCC and the CBI say that the UK’s economy will contract by 0.4% in 2012 rather than grow by 0.1%, as previously predicted. And next year, they say, the economy will grow by just 1.2% rather than the 1.9% the government was hoping for. The business groups are urging the government to implement an infrastructure program to provide some dynamism and growth to the UK’s stagnant economy. In the blunt assessment of the impact that the coalition has had on taking the country out of recession, the BCC’s Director General John Longworth said, “Politicians need to show some backbone and leadership when it comes to the economy.”“There are only 150 MPs out of 650 that have ever been in business. And only 30 have got any qualifications in science. We’ve now got a political class that’s divorced from the reality of business and economics. It is important across all the political parties to show leadership, bold action and some imagination on how to stimulate growth. And they’ll actually get back in contact with the real economy.” Tags: Great Britain, European economy, Business, World, Opinion & Analysis, Читать далее, Source: Voice of Russia.
