Business leaders have low confidence in the Government’s proposals for growth in the UK, and under two thirds believe that the Government plans to simplify employment law have, so far, been ‘ineffective’.
The Institute of Directors Policy Voice panel expressed serious concerns that the recession will continue for the rest of the year.
65% of the panel believe there is a low or zero probability of the UK emerging from recession in 2012, compared to only 7% who thought there is a high or very high probability of the recession ending this year.
IoD members believe that the second half of 2012 will show some improvement, with 52% expecting growth to be higher than in the first half of the year, compared with 22% who expect growth to get even worse.
The poll also asked business leaders for their views on the success of the Coalition’s reform measures, including taxation, regulation, education and infrastructure.
When asked if they thought the Government’s reforms had been effective or ineffective, business leaders felt they had been ineffective in every area. It was felt that reforms to the planning system were the least ineffective, whilst the most ineffective was reducing tax complexity.
