City honoured in the Queen’s birthday list June 12, 2011 BANK of England governor Mervyn King has topped a list of City figures recognised for their services to British business, banking and finance in the Queen’s birthday honours list. This year’s honours list is weighted heavily towards recognising the contribution of the City. This is partly due to it being seen as politically unpalatable for [...]
FTSE lifted by commodities and Man Group May 26, 2011 The FTSE rose today as commodity stocks received a lift while a series of positive corporate results helped to boost investor sentiment. As G8 leaders gathered in France with the future leadership of the IMF and the eurozone debt crisis at the heart of the talks, global markets regained some lost confidence. Investors once again [...]
CBI warns of spending threat to the economy September 19, 2010 BUSINESS leaders yesterday backed the government’s cost-cutting drive, although they urged it to protect areas vital to economic growth. The Confederation of British Industry (CBI) lobby group said it agreed with plans to slash spending to avoid major tax rises. The group called for increased use of means-testing for some universal welfare benefits and greater [...]
Financial firms say business is back on track April 3, 2011 FINANCIAL services firms have reported business that is only slightly below normal levels for the first time since the financial crisis, a survey reveals today. However, this partly reflects lower expectations of what constitutes “normal trading”, according to PricewaterhouseCoopers (PwC), which conducted the survey alongside the Confederation of British Industry (CBI). New regulation threatens to burden [...]
CBI warns of climate change risk September 12, 2010 The CBI will today call on the government to make readily available to businesses its environmental data, to help firms prepare for the risks of climate change. The proposals include the creation of a new public information bank showing the risk to critical infrastructure of rising temperatures and extreme weather. The CBI’s director of business [...]
ANALYST VIEWS: DID THE PRIME MINISTER PROVE THAT THE GOVERNMENT IS PRO-BUSINESS IN HIS FIRST CBI SPEECH? October 25, 2010 MARK LITTLEWOOD | INSTITUTE OF ECONOMIC AFFAIRS If the coalition is serious about improving the prospects of the private sector, it needs to produce a lengthy list of burdensome rules and regulations it will abolish. This can’t come soon enough. RICHARD LAMBERT | CBI The Prime Minister demonstrated a real passion for business and an [...]
Tory MP calls for tough new law on strikes April 26, 2011 A CONSERVATIVE MP yesterday proposed new legislation that would ban strikes by transport and emergency workers unless 50 per cent of unionised employees vote in favour of industrial action. Dominic Raab, MP for Esher & Walton, used the 10-minute rule procedure in the House of Commons to call for a change in the current law, [...]
Reforms needed to add SME jobs March 17, 2011 THE CBI today urged the government to tackle employment laws that prevent smaller businesses from creating jobs, highlighting the role they can play in compensating for public sector employment cuts. The business lobbying group said 60 per cent of small businesses cited obstructive employment laws as the biggest barrier to job creation. SME’s in the [...]
Reforms needed to add SME jobs March 17, 2011 THE CBI today urged the government to tackle employment laws that prevent smaller businesses from creating jobs, highlighting the role they can play in compensating for public sector employment cuts. The business lobbying group said 60 per cent of small businesses cited obstructive employment laws as the biggest barrier to job creation. SME’s in the [...]
Small firms see no effect from Merlin as banks sign up to new lending code April 5, 2011 THE UK’s major lenders have gone on the offensive to convince small businesses that they are freeing up credit, signing up to a new lending code and launching a website to help businesses access loans. But a survey of 500 small businesses released yesterday showed that 75 per cent of respondents have seen no change [...]