Business leaders warn next Government: either shrink the state or risk economic ruin

One of Britain's most powerful trade bodies has warned that the winner of the next election must be prepared to reduce the size of the Government immediately or risk economic problems for a decade.

The Institute of Directors used its annual conference in London to criticise all of the political parties for failing to produce policies that will adequately tackle Britain's economic problems.

Speaking ahead of Thursday's crucial televised debate on the economy, Miles Templeman, director general, said: "We're a week from the General Election but we're still years from bringing the deficit and the size of the Government under control. If the truth be told, no political party is advocating the scale of spending and deficit reduction we need, not just for the next few years, but for the next decade. Read more...