» Monday, July 3, 2006
CBI
Asked if there was a response to the new head of the Confederation of British Industry (CBI), Richard Lambert’s comments, the PMOS said that those comments should be viewed against the context of the DTI announcement on the value added scoreboard. This measured the wealth created by the top 800 British and top 700 European companies. It showed that the top UK companies were out performing the rest of Europe. UK wealth creation by large companies had increased by 10% on last year, which was more than France and Germany. The UK had more companies in the top league, 197 out of 700, than any of its European counterparts. UK companies had a higher wealth creation efficiency, adding even more value at less cost, than their comparators.
Put that the comments did not bode well for relations between the Prime Minister and Richard Lambert, the PMOS said that it was important that we had a robust dialogue with the CBI, as we had in the past, where they felt free to express their view and we felt free to express our view. That type of dialogue had not harmed either side.
Briefing took place at 15:00 | Search for related news
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