Rishi Sunak has acknowledged that businesses were facing tough times as he set out his plans to re-establish economic stability, tackle inflation and boost innovation.In a speech to the Confederation of British Industry, the Prime Minister said: "I know things are tough right now."Speaking in Birmingham, he said "stability and confidence" was at the heart of the Government's agenda, with the autumn statement providing a "plan to grip inflation and balance the books".

Rishi Sunak has acknowledged that businesses were facing tough times as he set out his plans to re-establish economic stability, tackle inflation and boost innovation.In a speech to the Confederation of British Industry, the Prime Minister said: "I know things are tough right now."Speaking in Birmingham, he said "stability and confidence" was at the heart of the Government's agenda, with the autumn statement providing a "plan to grip inflation and balance the books".