CBI president attacks 'sense of entitlement'

The president of the CBI has warned that Britons need to shed their "sense of entitlement" if the economy is to recover. Speaking at the employer body's annual conference in London, Sir Roger Carr argued that people in the UK are experiencing a "cultural cold shower" thanks to rising global competition.

"Most of us... have grown up in the West with a sense of entitlement – to jobs, opportunity, wealth," he said. "What's happening all around us is a cultural cold shower, a move from entitlement, a recognition that things have changed, nothing is by right: we have to earn our place in a vigorously competitive world as individuals and as nations."

At the conference (which was sponsored by, among others, Barclays Corporate), Sir Roger also said that the "demonisation" of sectors of industry, including banking, was doing harm to the economy. He said: "We need to encourage all those in positions of authority – government, opposition, regulators and commentators – to stop the demonisation of industry: banking, energy or defence."

Sir Roger conceded that the banks and the energy sectors need to reform. "There is more to do," he said. "The banks to lend more, particularly to small companies; the energy companies to give more in tariff transparency and customer advice".

Sir Roger also said that the Government should stick to its plan to eliminate the structural deficit by 2015. He said: "We don't want the Government to give up its resolve on financial discipline. It remains the cornerstone on which recovery can be built. It enables low interest rates to support demand at home and competitive currency rates to drive exports abroad." He added: "However chilly the wind, it remains preferable to the icy blast of a collapse in international confidence."

The CBI president also urged the government to resist "short-term populism" when dealing with industry: "By all means, punish where appropriate, legislate where necessary, criticise the shortcomings when warranted. But base these actions on an objective assessment of the country's long-term best interests, not short-term populism."

He added that ministers should not be afraid to "celebrate" successful business leaders, pointing to "the renaissance of the car industry, the achievement of aerospace, the world-class status of our IP and technology industries in the Silicon Fens."

At the same conference, David Cameron admitted that growth in the UK has been "slow" since the Coalition took power last year. "Getting debt under control is proving harder than anyone envisaged" he said.

News
people And here is why...
News
people
News
peopleStella McCartney apologises over controversial Instagram picture
Arts and Entertainment
Hayley Williams performs with Paramore in New York
musicParamore singer says 'Steal Your Girl' is itself stolen from a New Found Glory hit
PROMOTED VIDEO
News
ebooksAn unforgettable anthology of contemporary reportage
News
William Hague
people... when he called Hague the county's greatest
Extras
indybestKeep extra warm this year with our 10 best bedspreads
Life and Style
health
News
i100
News
people
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Trainee Recruitment Consultant - Birmingham - Real Staffing

£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...

Trust Accountant - Kent

NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...

Graduate Recruitment Consultant - 2013/14 Grads - No Exp Needed

£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...

Law Costs

Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...

Day In a Page

Ebola outbreak: The children orphaned by the virus – then rejected by surviving relatives over fear of infection

The children orphaned by Ebola...

... then rejected by surviving relatives over fear of infection
Pride: Are censors pandering to homophobia?

Are censors pandering to homophobia?

US film censors have ruled 'Pride' unfit for under-16s, though it contains no sex or violence
The magic of roundabouts

Lords of the rings

Just who are the Roundabout Appreciation Society?
Why do we like making lists?

Notes to self: Why do we like making lists?

Well it was good enough for Ancient Egyptians and Picasso...
Hong Kong protests: A good time to open a new restaurant?

A good time to open a new restaurant in Hong Kong?

As pro-democracy demonstrators hold firm, chef Rowley Leigh, who's in the city to open a new restaurant, says you couldn't hope to meet a nicer bunch
Paris Fashion Week: Karl Lagerfeld leads a feminist riot on 'Boulevard Chanel'

Paris Fashion Week

Lagerfeld leads a feminist riot on 'Boulevard Chanel'
Bruce Chatwin's Wales: One of the finest one-day walks in Britain

Simon Calder discovers Bruce Chatwin's Wales

One of the finest one-day walks you could hope for - in Britain
10 best children's nightwear

10 best children's nightwear

Make sure the kids stay cosy on cooler autumn nights in this selection of pjs, onesies and nighties
Manchester City vs Roma: Five things we learnt from City’s draw at the Etihad

Manchester City vs Roma

Five things we learnt from City’s Champions League draw at the Etihad
Martin Hardy: Mike Ashley must act now and end the Alan Pardew reign

Trouble on the Tyne

Ashley must act now and end Pardew's reign at Newcastle, says Martin Hardy
Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?