‘We’ve made our decisions’- Don’t expect Budget rethink, Reeves implies November 25, 2024 Rachel Reeves has implied she won’t rethink her Budget measures in the wake of backlash from business, saying: “We’ve made our decisions.” The Chancellor appeared at the Confederation of British Industry (CBI)’s annual conference on Monday in a fireside chat with Keith Anderson, the chief executive of Scottish Power. She was asked by ITV about [...]
Conservatives ‘lost the confidence’ of business, Badenoch admits November 25, 2024 The Conservatives “lost the confidence of business” at the July general election and firms “knew we were going to lose”, Kemi Badenoch has admitted. Speaking at the Confederation of British Industry (CBI)’s annual conference on Monday, the Tory leader told attendees Labour’s Budget had got the diagnosis wrong, leading to an “unprecedented raid on businesses”. [...]
Diplomat tells business leaders: Special relationship ‘isn’t going anywhere’ with Trump’s return November 25, 2024 The UK-US “special relationship isn’t going anywhere”, a senior diplomat has predicted, ahead of Donald Trump’s return to the White House in January. Matthew Palmer, deputy chief of mission at the US embassy in London, told attendees the two countries “transatlantic alliance” and “economic relationship” was one of the most “resilient and adaptable relationships in [...]
CBI chief: Ministers must ‘co-design’ economic growth with businesses post-Budget November 25, 2024 Businesses should have a stronger voice in setting economic growth policies, the boss of an influential business lobby group has urged, including a shift from “consultation to co-design”. Rain Newton-Smith, chief executive of the Confederation of British Industry (CBI), told attendees at the group’s annual conference that the government and firms share a “vision of [...]
Rightwing MPs push general election petition as it passes one million signatures November 24, 2024 A host of rightwing politicians have been pushing a petition online calling for a general election, which has now gathered over one million signatures.
Miliband tells Cop29: clean energy transition ‘economically right’ for UK November 22, 2024 The transition to clean energy is “unstoppable” and the “economically right thing” for the UK, the energy secretary has argued at the Cop29 climate conference. Britain wants to see a deal at the UN climate conference, hosted in Azerbaijan, that “accelerates the clean energy transition,” Ed Miliband has said. Speaking in the capital of Baku, [...]
UK ‘not at war’ Starmer insists as he rebukes Putin’s ‘irresponsible rhetoric’ November 22, 2024 Sir Keir Starmer has insisted the UK is “not at war” and criticised Russian leader Vladimir Putin for his “irresponsible rhetoric”. The Prime Minister asked during a round of regional radio interviews about concerns over escalation in the conflict in Ukraine. On Thursday, Russia used a new ballistic missile in Ukraine, which Putin said was [...]
‘A clear thumbs down’: UK business confidence slumped post-Budget November 22, 2024 The UK’s business optimism “slumped” in a downturn after the Autumn Budget, according to a closely watched survey of the private sector. S&P’s ‘flash’ purchasing managers’ index (PMI) came in at 49.9 in November, now below the neutral 50.0 threshold, down from 51.8 last month, and the lowest since October 2023. Firms reported a fractional [...]
Starmer backs ICC’s arrest warrant for Israeli PM Netanyahu November 22, 2024 Sir Keir Starmer has backed the International Criminal Court (ICC) after it issued a warrant for the arrest of Binyamin Netanyahu. The court ruled the Israeli prime minister and his former defence minister Yoav Gallant are at risk of arrest if they travel to any of the 124 countries that are signatories to the ICC, [...]
Ofgem: Energy price cap to rise by £21 to £1,738 a year on average November 22, 2024 The UK’s energy price cap is set to rise by £21 for an average household, taking a standard yearly bill to £1,738, Ofgem has said. The energy regulator opted to announce a 1.2 per cent hike in the cap for the period January to March 2025 – or £1.75 a month, on average. It sets [...]