IoD launches 24-point growth plan

The Institute of Directors has recently published a list of 24 steps that it believes will lead to an immediate boost in UK growth prospects without cost.

Although not all of the proposed steps will meet with universal approval – for example, banning flexible working arrangements for employees, or collective bargaining in the public sector – the document does contain some interesting ideas that could contribute to longer term growth.

These include suggestions to fast-track planning for national infrastructure projects, a reduction in the levels of corporation tax to stimulate investment, and a Government commitment that revenues from the future sale of publically owned banking shares will be ring fenced for key infrastructure development.

The full proposals can be downloaded from www.iod.com/resources/document/policy_publications_freebies_1102.pdf