Labour’s little helper: the CBI is failing British business
From our UK edition
What is the Confederation of British Industry for? Indeed, who is it for? The soi-disant voice of British business held its conference this week. As one might expect, the organisation’s chief executive, Rain Newton-Smith, lamented the tax increases levied on employers in the Budget. She issued a plea to the Chancellor for the CBI to be more closely involved in the design of fiscal events in the future. She was joined by the organisation’s chair in chiding Labour for treating the private sector as a cash cow. But these criticisms were pianissimo compared with the chorus of praise the group has been orchestrating for Labour. The CBI welcomed the Labour manifesto during the general election for its mission to deliver sustainable growth.