Feeds

CBI calls for other people to suffer cuts

Bosses blame public sector

Website security in corporate America

Lobby group the Confederation of British Industry (CBI) is urging Chancellor George Osborne to make cuts to the public sector rather than increasing the tax burden on its members.

In a letter to the Chancellor ahead of the emergency Budget the business group calls for major reform of the public sector to create savings to help reduce the UK's massive deficit rather than increasing taxes.

The group wants £4 in spending cuts for every £1 in extra taxes. It suggests three main ways to create these cuts:

  • Controlling workforce costs and reducing unnecessary spending
  • Eliminating waste and duplication, e.g. by sharing payroll and human resource functions
  • Re-engineering public service delivery, e.g. treating more patients in their homes and in the community could save over £8bn by 2015-16.

None of the above is entirely new, of course, and shared services contracts have already seen some successes, and some notable failures.

The CBI wants cuts to capital gains tax - a likely target for government reform.

But it also welcomed proposals to maintain loan guarantees for small and medium businesses and to maintain tax credits for research and development spending.

It warned that changes to the tax system for pensions were too complex and expensive to administer.

The press release and a link to the proposals are here. ®

Internet Security Threat Report 2014

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.