John Cridland
John Cridland
John Cridland, CBEwas the tenth Director-General of the Confederation of British Industryfrom January 2011 to November 2015...
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UK Plc feels it has gone as far as it can in accommodating tax rises that have weakened our international competitive position. The trend we now want to see is a downward one not an upward one,
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It welcomes new powers for shareholders to vote through proportionate liability for auditors, which should result in a fairer sharing of the burden between companies and their auditors.
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If the regulator gets this wrong, it could have the perverse effect of throttling private sector investment, thereby damaging the UK economy, putting the very pension schemes the regulator is trying to protect under even more pressure.
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The question is whether compulsion would solve the problem of a lack of saving for retirement. We don't think it will.