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The Latest Breaking News from Rain NewtonSmith

Kyle seeks to reassure business over workers’ rights concerns

Business Secretary Peter Kyle promised a series of consultations would listen to firms’ concerns on how the Employment Rights Bill is implemented.

Evening Standard

Chancellor urged to take ‘hard choices’ rather than hit businesses with more tax

CBI boss Rain Newton-Smith called for Rachel Reeves to stand up to opposition to welfare cuts.

Evening Standard

Reeves to hit 100,000 high-value properties with mansion tax in Budget

The tax will reportedly apply to homes worth more than £2m and could raise up to £450m for the Treasury

The Independent UK

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Reeves given stark Budget warning from business to avoid ‘death by a thousand taxes’

CBI director general Rain Newton-Smith will tell the chancellor that if her priority is growth, she needs to prove it or the country faces ‘Groundhog Day’

The Independent UK

Government must make ‘hard choices and change course’, CBI boss to say

Rain Newton-Smith will tell ministers and business leaders that firms are worried the UK could ‘risk getting locked in a stop-start economy’.

The Independent UK

Unions urge Rachel Reeves to deliver ‘living standards budget’

TUC calls on chancellor to focus on child poverty and upping minimum wage

The Guardian - UK

Unions urge Reeves to prioritise living standards as CBI presses for shift on employment rights

TUC calls on chancellor to focus on child poverty and upping minimum wage

The Guardian - UK

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Rachel Reeves warned not to rely on business taxes to fill Budget black hole

The Confederation of British Industry said the Government ‘cannot pull the business tax lever once again to balance the books’.

Evening Standard

Reeves must slash tax again before next election if she breaks manifesto pledge, Tony Blair think tank warns

Labour chancellor told any tax hikes must be temporary in a bid to break Britain’s ‘tax-and-spend doom loop’

The Independent UK

Rachel Reeves gets a warm reception but business chiefs are wary of another tax raid

Questions grow over how chancellor will raise cash in the autumn budget to meet her fiscal rules

The Guardian - UK

CBI boss calls on Chancellor to break Labour’s manifesto tax promise

Rain Newton-Smith warned Rachel Reeves against ‘slavish adherence’ to tax pledges made in the run-up to last year’s general election.

Evening Standard

CBI boss calls for Reeves to tear up Labour’s pledge not to raise tax

Rain Newton-Smith tells chancellor ‘the time for tinkering is over’ and revisit promise not to raise taxes on working people

The Guardian - UK

UK must tackle energy bills as firms face £24bn in extra costs – CBI

CBI boss Rain Newton-Smith is calling on the Government to draw up a ‘serious plan’ to cut power bills and invest in energy security.

The Independent UK

Not realistic or right for UK to distance from China, says CBI boss

Rain Newton-Smith will say in a speech that the UK must not listen to the ‘siren call of protectionism’ in its trade policy.

The Independent UK

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The Guardian - UK

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

Fortune

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.

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.

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.

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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 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

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 Guardian - UK

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

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