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Business quote of the day: why the CBI didn't run LOCOG

An industrial olympics. Photograph: Getty Images

"We need an industrial Olympics”                                                                                                       

CBI director-general John Cridland says the government could boost the UK economy if it committed £1.5bn to backing major construction projects. The business lobby group leader has been calling for "shovel ready" schemes to be driven forward to help create jobs and increase investment.

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