John Longworth, Director General of the British Chambers of Commerce, told ITV News the government would need to take "radical" measures in a bid to end the "long term sluggish growth".
He called on the Chancellor to deliver "massive infrastructure development" and a "restructuring of business finance in the UK".
Britain may face further cuts and tax rises even after the next elections, the Institute for Fiscal Studies warned today.
While Chancellor George Osborne's Autumn Statement was mainly about spending cuts, there were incentives too but do the numbers add up?
The cap on benefits rises will mean a cut in real terms for people living on welfare and those on low incomes, as Penny Marshall finds out.