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The Latest Breaking News from Rain NewtonSmith

Reeves back from China with one eye on bonds and the other on economic data

The chancellor will be monitoring the price of gilts after last week’s selloff and data to come on inflation and growth

The Guardian - UK

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

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.

Evening Standard

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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.

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 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

The Independent UK

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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.

Evening Standard

UK politics: Badenoch refuses to commit to reversing rise in employers’ national insurance in speech at CBI – as it happened

Tory leader says she will not ‘comment on every bit of micro-policy’

The Guardian - UK

Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretary

The Guardian - UK

‘We had no alternative’: Reeves defends her budget to the CBI

Chancellor tells business leaders she stands by tax rises and points to Labour’s pro-growth policies

The Guardian - UK

Defiant Reeves to tell firms ‘we had no choice’ amid fierce Budget backlash

CBI boss will say measures announced by government have made it harder for firms to ‘take a chance’ on hiring new people

The Independent UK

CBI boss to warn Budget tax rises will ‘hit growth’ among UK firms

Rain Newton-Smith will say on Monday that businesses are being forced to ‘compromise on their plans for growth’ after the spending review.

The Independent UK

Keir Starmer twice refuses to rule out rise in employers’ national insurance

PM says it was ‘very clear’ in Labour manifesto that government would not raise taxes on working people

The Guardian - UK

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The National (Scotland)

Major business leader says Scotland's resources are 'golden ticket for UK growth'

SCOTLAND’S natural resources are the envy of the world, according to the head of a major business organisation.

The Guardian - UK

UK clothing sales to EU plummet as Brexit red tape deters exporters

Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exports

The Guardian - UK

Revealed: CBI uses gagging clauses to prevent discussion of sexual misconduct claims

Up to 10 non-disclosure agreements signed in last year alongside substantial financial settlements

The Guardian - UK

CBI tells Jeremy Hunt to focus on green investment instead of tax cuts in budget

Lobby group joins calls for chancellor to resist pre-election giveaways next month and spend on projects to boost economy

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The Guardian - UK

Rupert Soames named as next president of CBI as it tries to rebrand

Scandal-hit lobby group seeks corporate governance guidance from former chief executive of Serco

The Independent UK

CBI calls for green investment plan and an end to short-termism

The business group said that future governments should introduce ambitious policies and competitive incentives.

The Independent UK

Find ‘consensus’, CBI boss urges politicians ahead of budget

The next decade cannot be one of ‘low growth and lost opportunities’, Rain Newton-Smith will say.

The Guardian - UK

Crisis-hit CBI shelves plans for tie-up with manufacturing body Make UK

Confederation of British Industry tells members it is confident an alternative emergency cash rescue will be found

The Guardian - UK

BCC launches forecasting unit in latest move to challenge CBI

British Chambers of Commerce aiming to replace troubled CBI as leading voice of UK businesses

The Guardian - UK

CBI frozen out of meetings with other leading UK business lobby groups

Efforts to regain place at intersection of business and government after scandal hampered by refusals to engage

The Guardian - UK

Labour confirms CBI meeting, suggesting boycott may be ending

Shadow business secretary met new director general of scandal-hit lobby group weeks after party cut ties

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