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In line for a windfall

Thursday 29 November 2012 6:00

Chancellor George Osborne has been urged to use windfall money to help boost economic growth.

The CBI says the UK has extra resources from the £7.8bn underspent last year and the £4bn estimated to be raised from the 4G phone network sell-off.

It says £1.5bn of this should be spent on short-term, high-impact measures.

The CBI has also called for a business bank, which it thinks can help ease the transition to a "new normal" of business lending from the lower lending levels that have characterised the years since the credit crunch began.