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The Latest Breaking News from Rupert Soames

Labour’s growth slogans must be backed by action, warns CBI

Official figures on Thursday are expected to show the economy contracted in the final quarter of 2024.

The Independent UK

CBI boss says Labour has ‘bruised’ trust of businesses after Budget

Rupert Soames said companies will ‘let people go’ before Labour’s new Employment Rights Bill comes into force.

The Independent UK

Pound hits 14-month low against dollar as CBI hits out over ‘hole in confidence’

Business group’s chair says government changes could prompt ‘quite an ugly rush’ of job losses

The Guardian - UK

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Angela Rayner warned new workers’ rights plan could prompt ‘ugly rush’ to sack staff

Labour chancellor Rachel Reeves also accused of undermining business confidence and trust with surprise national insurance hike in the Budget

The Independent UK

Winston Churchill’s grandson hits out at Elon Musk over Jess Phillips comments

Labour safeguarding minister was described as ‘a rape genocide apologist’ by the tycoon and Donald Trump ally

The Independent UK

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

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

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‘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 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

If workers’ rights are a bit French, as the Tories suggest, then vive la révolution

A Conservative campaign video mocks Angela Rayner for wanting a European model of employment. But it’s just what British workers need

The Guardian - UK

Billionaires and a ‘dark money’ trust: the donors to Scotland's political parties

BILLIONAIRES, corporate lobbyists, a representative of King Charles, companies and individuals linked to tax havens, estate owners who have broken…

The National (Scotland)

At 3-0 to the Brilos, the boardroom pay game has changed for ever

As Smith & Nephew is ‘British in listing only’ investors have been persuaded the CEO should be remunerated accordingly

The Guardian - UK

Is Labour about to prune its plan to boost workers’ rights?

Fears grow party is poised for another U-turn akin to ditching of £28bn green pledge as business groups call for pragmatism

The Guardian - UK

Soames shows the Churchill spirit needed to rescue the CBI

City Comment: Restoring the business lobby group’s reputation is a long and arduous road

Evening Standard

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The Guardian - UK

Misconduct claims tipped CBI into ‘near death experience’, says president

Rupert Soames says Guardian revelations over sexual misconduct claims were ‘appalling shock’ but is bullish about the future

The Guardian - UK

CBI members revolt over scandal-hit group’s ‘lack of transparency’

Members voice discontent after lobby group details ‘exceptional costs’ and ‘material uncertainty’

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

Evening Standard

CBI appoints Soames as new president as it aims to rebound from scandals

“The CBI is needed more now than at almost any time in its history, and it will be a privilege to lead the organisation in the coming years" he said

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The Guardian - UK

China’s credit outlook cut to negative; Rupert Soames named CBI president; trading outages in London – as it happened

Moody’s cuts its outlook on China’s credit rating, while trading in smaller stocks in London is hit by systems problems

The Guardian - UK

Winston Churchill’s grandson donated nearly £5,000 to Liberal Democrats

Ex-Serco chief Rupert Soames says financial support was for ‘friend’ and prospective MP Angus MacDonald

The Guardian - UK

Centrica and EDF are at the table – now UK ministers must strike a fair electricity price

The companies may have volunteered for duty so speedily because they’re looking for something for themselves

The National (Scotland)

'It's time for me to outsource myself': Serco boss Rupert Soames to step down

THE grandson of Winston Churchill, Rupert Soames, is to step down from his role leading Serco, a company that holds millions of pounds worth of…

The Guardian - UK

Serco boss Rupert Soames to retire: ‘It’s time for me to outsource myself’

Chief executive has offered robust defences of controversial outsourcing firm since 2014

Birmingham Post

Outsourcer Serco to hand out total of £9m in one-off payments to staff

The payments will be made to staff outside management grades

The Guardian - UK

Serco’s annual profits surge 21% to £216m on back on Covid contracts

Increase could fund £100m in shareholder rewards as outsourcing firm bemoans ‘wildly unfair’ criticism of test and trace

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