CBI's Carr Says UK Must Cut Regulation, Lower Taxes

British politicians are damaging the reputation of the City of London financial district by vilifying RBS chief Stephen Hester, the president of the Confederation of British Industry said Tuesday.Roger Carr, the head of Britain's top business lobbying organisation, wrote in The Times newspaper that lawmakers were encouraging unfair hostility towards business.The CBI chief said that if business was to thrive in Britain, politicians and the public needed to respect what it does.