As the WSJ reports:

The U.K.'s leading business lobby group offered strong backing to the government's austerity measures Monday, saying planned spending cuts and tax hikes wouldn't send the country back into recession.

John Cridland, the deputy director-general of the Confederation of British Industry, said Prime Minister David Cameron's government faced "no choice but to make significant cuts now."

The impact of cuts will be at least as heavy on the privat as public sectors. There’s no sign whatsoever that the private sector has any plan to grow into the void that’s left. Say’s Law does not work. In that case the CBI is behaving like a turkey voting for Christmas — seeking its own destruction. Which makes it a very strange body, indeed.