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The Latest Breaking News from Rain NewtonSmith

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

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‘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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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 National (Scotland)

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

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 Guardian - 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 Independent UK

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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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The Guardian - UK

The CBI is still in crisis. Rehabilitation will be a slow process

Low turnout at confidence vote and police investigation into lobby group raise questions about its mandate

The Guardian - UK

Less than a third of CBI members backed lobby group at vote on its survival

Revelation of low turnout at confidence vote emerges as group’s leaders give evidence to MPs

The Guardian - UK

New CBI chief to face MPs’ questions on future of lobby group

Rain Newton-Smith to be asked whether CBI can still claim to speak for big businesses after scandal

The Guardian - UK

Strong endorsement of the CBI or display of corporate apathy? Impossible to tell

Support from a 93% majority of voters sounds impressive but is not necessarily so when the CBI will not reveal the turnout

The Conversation

CBI: organisations that want to end workplace harassment must start by addressing power imbalances

Members of the Confederation of British Industry (CBI) – which calls itself “the voice of business” in Britain – have voted on a revamp of the organisation following allegations of misconduct, sexual harassment and rape in recent months. The City of London police is also investigating the reported misconduct.

The Guardian - UK

CBI members back reform package at extraordinary general meeting – as it happened

British businesses have given the CBI a vote of confidence as the lobby group takes steps to reform itself

Insider UK

New business group launched to rival CBI ahead of crunch vote

The British Chambers of Commerce has managed to get the likes of BP, Heathrow and Drax onboard as founding members

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