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The Confederation of British Industry has warned of an economic recession due to political uncertainty

The head of the Confederation of British Industry, Tony Dunker, has warned that uncertainty over the political fate of Prime Minister Boris Johnson, who has managed to keep his job, will cause an economic downturn in the country.

“We need to keep last week’s events (the Boris Johnson no-confidence motion) in the past, and bring together the prime minister and chancellor across the government to fix issues and lead meetings,” Danker said. in an interview with the BBC. The Cabinet and they quickly make important decisions without waiting for the coordination of the draft budget. This will allow to instill confidence in the entrepreneurial spirit and prevent stagnation. ”

He added: Anything that will boost the confidence of entrepreneurs tomorrow and show that the government aims to ensure economic growth and serious stance in this matter will be effective. But if we have a summer of political games like we saw last week, business confidence in the future will be shattered. ”

The head of the union that brings together thousands of factories in Britain indicated that measures aimed at supporting entrepreneurship and ensuring an adequate investment climate would help stabilize the country’s economic situation in the context of rapidly increasing prices of electricity, fuel, food and many more recently. goods and services.

For his part, the British Minister for Northern Ireland, Brendon Lewis, announced in a BBC interview that the British authorities have the opportunity to achieve the best indicators of economic growth expected by the Organization for Economic Cooperation and Development. Economic.

Source: TASS

Source: Arabic RT

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