CBI turns its guns on EC policies

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The Independent Online
LEADERS of the Confederation of British Industry yesterday attempted to paper over an apparent rift between business leaders and ministers. After last week's well-publicised outburst against the Government's seemingly anti-European attitudes by Howard Davies, its director general, the CBI has directed its fire at the European Commission.

A poll on the eve of its annual conference shows widespread opposition to EC social and agricultural policies and frustration over the slow progress towards a single market. However, it also shows eight in ten of those surveyed still favour a single currency in the long term.

Meanwhile, business leaders reiterated their plea to the Chancellor for an investment-led and tax-neutral Budget later this month to speed economic recovery. The call was backed by a report showing investment in manufacturing remains flat, while recession in Europe has taken the steam out of exports.

CBI conference, page 27

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