McVitie’s biscuits boss dunks on UK as investment destination November 25, 2024 The boss of the company behind biscuit giants McVitie’s, Jacobs and Carr’s has warned that the UK has become a less attractive place to invest. Speaking at the Confederation of British Industry (CBI)’s annual conference on Monday, Salman Amin, the chief executive of Pladis, the firm behind the iconic brands, warned that Britain has become [...]
‘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 [...]
The government is turning its back on the industries that fuel Britain November 25, 2024 An outsized focus on emerging industries risks marginalising those that have served as the foundation of our economy for decades, writes Salman Amin I think we can all sign up to the government’s mission to grow the UK economy, renew the country’s competitiveness and unlock investment. After all, what business leader wouldn’t? The big question [...]
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 [...]
Who will be Labour’s next John Prescott? November 25, 2024 He couldn’t have been more different to Tony Blair, yet John Prescott ended up being our longest serving deputy prime minister. But is there a talent like him in Starmer’s cabinet? Asks William Atkinson As well as having a decent right hook, the late John Prescott was our longest-serving deputy prime minister (DPM). The formal creation of the [...]
‘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 [...]
UK sanctions Dmitry Firtash and Isabel dos Santos as it ramps up crackdown on kleptocrats November 21, 2024 The UK has issued fresh sanctions against a series of “unscrupulous kleptocrats”, including Ukrainian oligarch Dmitry Firtash and Angolan billionaire Isabel Dos Santos, as it cranks up its crack down on corruption and dirty money.
HMV suspends plans for new shops as Budget hikes costs November 21, 2024 HMV has suspended plans to open more new stores next year, blaming the decision on the government’s tax-raising Budget. The company planned to open multiple shops in the UK in 2025, but HMV’s owner Doug Putman told The Telegraph yesterday that this proposal was now on hold following the Budget. Confirming the decision, Putman told [...]
Family-run coach firms reeling from inheritance tax overhaul November 21, 2024 While there are a handful of national players, around eight in ten small and medium sized coach operators in Britain are family-owned.
Homeowners face massive inheritance tax hike after Budget hit November 21, 2024 London homeowners are going to be hit with an eye-watering 1,840 per cent increase in inheritance tax (IHT) liability, as a direct result of Rachel Reeves’ Budget changes, it has been calculated. A single homeowner in the capital with an averaged priced home of £525,586, with the same amount in their pension, will have a [...]