Businesses are reporting they're feeling at their most confident about the economic outlook since the financial crash five years ago according to a survey out today by the Institute Of Directors. It follows another recent positive poll from the Federation of Small Businesses in Wales.
Ahead of the Chancellor's Autumn Statement this afternoon the Institute of Directors in Wales has issued an overriding message that he must stick to his fiscal targets, whilst ensuring the transport and energy infrastructure and tax system provide a firm basis for economic recovery.
– Robert Lloyd Griffiths, director of the IoD in Wales
George Osborne is in a difficult position. The global economy has been much rockier over the last two years than most expected; growth has been weaker and public borrowing higher than we hoped.
Some would like The Chancellor to abandon his targets and embrace bigger deficits, but he must hold his nerve. It's only through controlling public debt that Britain will retain the confidence of the markets and create strong foundations for recovery.