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The Latest Breaking News from CBI

Starmer fails to rule out new tax rises – despite Reeves’ claim there wouldn’t be another hike

Concerns are growing over the possibility of another tax raid in the spring

The Independent UK

CBI downgrades UK economic growth forecasts amid Budget pressures on firms

The CBI has reduced its growth forecasts for the UK economy in 2024 and 2025 as inflation is expected to pick up.

Evening Standard

CBI conducts searches in Delhi-NCR in cyber fraud case involving financial scams worth Rs 117 cr

The complaint alleged that unknown organized cybercriminals and suspected foreign actors were engaged in systematic financial fraud across India. Read further on Dynamite News:

Dynamite News

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Reeves insists public services will have to ‘live within their means’

The Chancellor suggested the risk of economic shocks meant she could not guarantee there would be no further tax rises.

Evening Standard

Reeves refuses to rule out further business tax rises

Chancellor under pressure as Starmer shifts focus to higher living standards

The Independent UK

Reeves repeatedly declines to guarantee no more borrowing or tax rises

At Treasury questions on Tuesday, Rachel Reeves was asked multiple times to re-commit to her earlier pledge on taxes.

Evening Standard

Growth expectations among UK firms take ‘decisive turn for worse’, says CBI

Expectations negative for first time in 2024 as business confidence plummets since Rachel Reeves’s budget

The Guardian - UK

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ED submits sanction in CBI case covers PMLA offences also, court disposes Kejriwal's plea

After considering the ED's submission, the bench of Justice Kaveri Baweja disposed of Kejriwal's plea. Read further on Dynamite News:

Dynamite News

Rachel Reeves is wrong to say there was no alternative to her tax-raising budget

Letters: Wealth taxes would be more worker-friendly than raising employers’ NI contributions, write Anne Gray and Clive Needle, while John Digney advocates taxing land values

The Guardian - UK

CBI files chargesheet against four accused in Dibrugarh Investment Scam Case

The Central Bureau of Investigation (CBI) on Thursday filed a chargesheet against accused persons in the 'Dibrugarh Investment Scam Case' before the Special CBI Court, Guwahati. Read further on Dynamite News:

Dynamite News

Congress demands discussion on Adani indictment in Parliament, urges CBI probe

Congress demanded discussion on the Adani indictment in the Parliament as both houses will meet for the third day of the winter session on Wednesday. Read further on Dynamite News:

Dynamite News

Businesses warn of job losses threat as Starmer hopes to get 2m back into work

Tensions between business leaders and the Labour government continue to grow as Starmer puts hopes in company bosses to employ 2 million more people

The Independent UK

New Delhi: Prayer meeting held in memory of SM Khan; Dignitaries pay tributes

A prayer meeting was hosted in the memory of SM Khan, 1982 batch officer of Indian Information Service, at India Islamic Center, Delhi. Must read further on Dynamite News:

Dynamite News

British firms are being forced into ‘damage control’ mode as tax hikes leave CEOs questioning whether to invest in U.K., industry chief warns

”Too many businesses are having to compromise on their plans for growth,” CBI chief Rain Newton-Smith said.

Fortune

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The Guardian - UK

Is it time for another general election? I mean, it’s been four months

The sense that anything you don’t like can be cancelled is gaining ground everywhere, as Starmer finds out

The Independent UK

Rachel Reeves accused of making Britain uninvestable as she insists there is no alternative to tax hikes

Food giant CEO accuses chancellor of making Britain uninvestable after CBI boss says her measures will deter companies from expanding, as Reeves insists there’s no alternative ‘but there won’t be another Budget like this’

Evening Standard

Rachel Reeves tells angry business leaders there was 'no alternative' to Budget tax rises

Chancellor Rachel Reeves said she was ‘not immune’ to the difficulties facing businesses but there was no alternative to her Budget tax raid.

The Independent UK

Judge me on growth, says Reeves as she faces Budget backlash from business

Chancellor Rachel Reeves said she was ‘not immune’ to the difficulties facing businesses but there was no alternative to her Budget tax raid.

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The Independent UK

What do businesses say the Budget means for the jobs market?

ANALYSIS: CBI boss Rain Newton-Smith said Labour chancellor Rachel Reeves’s Budget has hit businesses, forcing them to consider expenditure on staff. Howard Mustoe explains what that means for the jobs market

The Independent UK

Watch live: Rachel Reeves delivers CBI speech as chancellor insists ‘no alternative’ to tax rises

Watch live as Rachel Reeves delivers her CBI speech on Monday (25 November) as the chancellor insists there is “no alternative” to tax rises.

The Guardian - UK

‘Business cash cow has been milked,’ CBI chair tells ministers

Rupert Soames urged government to water down workers’ rights plans after a budget ‘tough on business’

The Independent UK

Kemi Badenoch admits Tories lost support of business – when she was business secretary

In her first major speech since succeeding Rishi Sunak, the Tory leader said she was not surprised at how many bosses flocked to meet Sir Keir Starmer and Rachel Reeves before the general election

Dynamite News

SP chief Akhilesh Yadav condoles demise of senior IIS SM Khan

In his condolence message to Khan's wife Shahnaz Khan, the former Uttar Pradesh Chief Minister said he stands with the bereaved family in this unbearable grief. Read further on Dynamite News:

Evening Standard

CBI chief hits out at Reeves after firms face ‘heavy burden’ from tax rises

Confederation of British Industry chief executive Rain Newton-Smith said firms face tough decisions on hiring and investment due to the Budget.

The Independent UK

Rachel Reeves CBI speech live: Chancellor tells conference ‘difficult decisions’ brought stability to economy

CBI chief Rain Newton-Smith said that business had been caught ‘off-guard’ by national insurance hikes

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