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Smith - 3 Rain Newton - 2 Rachel Reeves - 1 Reeves - 1 — - 1 Roger Barker - 1 Barker - 1 Mike Kemp - 1
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of British Industry - 3 Conservative - 2 Bloomberg - 1 Getty - 1 LONDON - 1 National Insurance - 1 Labour - 1 Institute of - 1

Search resuls for: "Rain Newton"


8 mentions found


☆ UK businesses warn Labour government's tax-raising budget will hurt hiring and boost inflation
  + stars: | 2024-10-31 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +5 min
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty ImagesLONDON — British businesses are smarting after Finance Minister Rachel Reeves' bumper tax-rising budget, with analysts warning that the measures could slow hiring and push up inflation. Under the new rules, employer NI will rise by 1.2 percentage points to 15% from April 2025, while the level at which employers start paying NI for workers will drop from £9,100 to £5,000. Rain Newton-Smith, chief executive of the Confederation of British Industry, a business interest group, described it as a "tough budget for business." That is because businesses could pass on the additional costs to consumers by increasing the price of their products.
Persons: Rachel Reeves, Reeves, —, Roger Barker, Barker, Mike Kemp, Andrew Martin, Newton, Smith, Morgan, Andrew Sheets, CNBC's, Morgan Stanley Organizations: Bloomberg, Getty, LONDON, National Insurance, Labour, Conservative, Institute of, Institute of Directors, of British Industry, Corporation, Insurance, CNBC, Bank of, Morgan Locations: London, City of London, United Kingdom
☆ Rishi Sunak Is Promising to Change Britain. He Starts With Railway Cuts and a Crackdown on Smoking
  + stars: | 2023-10-04 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +6 min
Its cost was estimated at 33 billion pounds in 2011, but has soared to more than 100 billion pounds ($122 billion) by some estimates. Sunak said Conservative lawmakers would be given a free vote in Parliament on the smoking ban. He used the speech to give party members and voters a glimpse of the man behind his technocratic exterior. Home Secretary Suella Braverman used her conference speech to appeal to the party’s authoritarian, law-and-order wing, advocating tougher curbs on migration and a war on human rights protections and “woke” social values. “I am confident we can win,” said Balwinder Dhillon, deputy mayor of the town of Slough, west of London.
Persons: Rishi Sunak, Sunak, he's, ”, ” Sunak, Andy Burnham, ” “, Rain Newton, Smith, “, Margaret Thatcher —, Liz Truss, Akshata Murty, Suella Braverman, Balwinder Dhillon Organizations: Conservative Party, Labour Party, Leeds, Conservative, Manchester, of British Industry, Health, New, British American Tobacco, Imperial Brands, London Stock Exchange, Treasury, United, British Locations: MANCHESTER, England, Manchester, London, “, Birmingham, Midlands, North, Britain, Britain’s, New Zealand, Rwanda, United Kingdom, Slough
☆ UK CFOs turn wary as inflation and borrowing costs bite: Deloitte
  + stars: | 2023-07-16 | by ( William Schomberg | ) www.reuters.com   time to read: +2 min
"The burst of business optimism seen in the spring has faded under the weight of inflation and rising interest rates," Deloitte's chief economist, Ian Stewart, said. The survey showed early signs of cooling in the labour market with CFOs signalling a further easing in recruitment difficulties and a slowdown in wage growth. The survey of 69 CFOs - 13 of them from FTSE 100 firms and 21 from FTSE 250 companies - was conducted between June 15 and June 27. The CBI called on the government to deliver a clear and stable policy environment and offer incentives for investment, among other measures. ($1 = 0.7625 pounds)Reporting by William Schomberg, editing by David MillikenOur Standards: The Thomson Reuters Trust Principles.
Persons: Ian Stewart, Corporates, Rain Newton, Smith, William Schomberg, David Milliken Organizations: Finance, Deloitte, Bank of England, of British Industry, CBI, Thomson
☆ UK's scandal-hit CBI fires director-general after complaints
  + stars: | 2023-04-11 | by ( ) www.reuters.com   time to read: +2 min
"The allegations that have been made over recent weeks about the CBI have been devastating," it said in a statement. Danker stepped aside in March while the CBI conducted a review into his behaviour. The CBI said three employees were suspended pending further investigation into a number of ongoing allegations. "The CBI is liaising with the police and has made clear its intention to cooperate fully with any police investigations," it said. After he was suspended, Danker expressed regret over his behaviour.
☆ Tony Danker: Head of top UK business lobby fired over misconduct claims
  + stars: | 2023-04-11 | by ( Duarte Mendonca Olesya Dmitracova | Duarte Mendonca | Olesya Dmitracova | ) edition.cnn.com   time to read: +1 min
London CNN —The head of the most influential business lobby in the United Kingdom has been fired following a probe into complaints about his workplace conduct. Tony Danker is leaving the Confederation of British Industry with immediate effect, the group said in a statement Tuesday. The CBI did not specify what wrongdoing it had found but stressed that Danker was “not the subject of any of the more recent allegations” of misconduct at the organization. Danker will be replaced by Rain Newton-Smith, the former chief economist of the CBI. Its director-generals and the organization have frequently weighed in on political and economic issues, from Brexit to the UK investment outlook.
☆ Analysis: Tough budget leaves UK's growth challenge unmet
  + stars: | 2022-11-18 | by ( William Schomberg David Milliken | William Schomberg | David Milliken | ) www.reuters.com   time to read: +5 min
Hunt, reminding lawmakers of his own past as an entrepreneur in marketing and publishing, made accelerating economic growth a priority in his budget speech to parliament on Thursday. Britain is badly in need of a growth fillip. It also cut its growth forecast for 2024 to 1.3% before a better couple of years thereafter with growth at 2.6% and 2.7%. It said Hunt's plan to cut public investment from 2024 would probably weigh on productivity growth - key to an economy's long-term prospects - beyond its five-year forecasts. "I have tried to avoid anything that damages long-term growth," Hunt told the BBC.
☆ Sentiment in UK finance falls at fastest pace since 2019 - survey
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 13 (Reuters) - Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector sentiment in three years, a survey by business body CBI and consultants PwC said on Thursday. Profitability growth in the sector remains robust and is expected to increase at a faster pace in October to December, the CBI/PwC survey said. But sentiment in the third quarter to September fell at its fastest pace since September 2019, when it was hit by uncertainty around Brexit negotiations, the survey said. Employment in the sector is set to decline at a quicker pace in the current quarter, perhaps a reflection of the weaker sentiment, while the value of souring bank loans is expected to increase modestly, the survey said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Huw Jones Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
☆ Sentiment in UK finance falls at fastest pace since 2019, survey
  + stars: | 2022-10-12 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Oct 13 (Reuters) - Britain needs to restore stability to its finances to help reverse the fastest drop in financial sector sentiment in three years, a survey by business body CBI and consultants PwC said on Thursday. Profitability growth in the sector remains robust and is expected to increase at a faster pace in October to December, the CBI/PwC survey said. But sentiment in the third quarter to September fell at its fastest pace since September 2019, when it was hit by uncertainty around Brexit negotiations, the survey said. Employment in the sector is set to decline at a quicker pace in the current quarter, perhaps a reflection of the weaker sentiment, while the value of souring bank loans is expected to increase modestly, the survey said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Huw Jones Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
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