The UK economy might have shown robust growth this year but its not immune to a slowdown in Europes largest economies Germany and France, John Cridland, Director-General of the Confederation of British Industry (CBI) told CNBC.
Im more worried than Ive been for a long time about the euro zone, the head of the business lobbying organization said in an interview with CNBC. I think slowing of growth particularly in Germany, and the lack of reform particularly in France are a risk to European growth and therefore to British growth, he warned.
The British economy is flying. I dont see at the moment that those headwinds are slowing us down. But Id like to avoid those headwinds slowing us down, he added.