Rishi Sunak must avoid ‘doom loop’ of austerity cuts, says CBI boss

New PM must not repeat mistakes of 2010s, says Tony Danker

Adam Forrest
Tuesday 25 October 2022 17:02 BST
Rishi Sunak becomes UK’s third prime minister this year

Rishi Sunak must avoid a “doom loop” of tax rises and austerity cuts to the public sector, said the head of the Confederation of British Industry (CBI).

The incoming prime minister is expected to keep Jeremy Hunt as chancellor and stick to the 31 October date for the government’s debt reduction plan.

Tony Danker, the CBI’s director-general, warned Mr Sunak not to entirely junk Liz Truss’s ideas about economic growth – arguing that a relentless focus on cuts would see a negative spiral.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in