BusinessCompany NewsBusiness groups opposed to war in Iraq

Business groups opposed to war in Iraq

Leading think tanks representing both big business and small enterprise have come out against British involvement in a war with Iraq.

Link: CBI slams government attitude to business

Government lobbyists, the Confederation of British Industry told the BBC Online, that a war would be ‘disastrous’ and said the dispute would cause uncertainty and destabilise and already fragile economy.

Doug Godden, head of economic analysis at the CBI said a peaceful resolution of the conflict was the best scenario.

The Federation of Small Business said it favoured the UN taking control of the situation. It also claimed that small businesses would be more adversely affected by the war, which it said, would hit consumer confidence and push up oil prices.

But the Institute of Directors, while being unwilling to comment on the politics of war, said a swift and short conflict would be desirable, if conflict was to happen.

UK trade unions have already come out against involvement in any conflict with Iraq.

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