– Chuka Umunna, Shadow business secretary
Month after month the country's businesses have been telling the Government it is not doing enough to lift our economy out of this double-dip recession created in Downing Street. But out-of-touch and ineffective ministers refuse to listen, which is why they are losing the confidence of business. The IoD is right to point out that 'low confidence leads to delayed decisions'. In order to have the confidence to invest, business needs far more certainty from Government, but what they have got on policy - from aviation to renewable energy - is indecision.
Business leaders say government reforms such as reducing red tape and simplifying employment law have been ineffective. A study also shows serious concern that the recession will continue for the rest of the year.