As Direct Line cuts costs, where does its brand stand with the UK public? November 14, 2024 YouGov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business. Direct Line recently announced a cost saving plan that is expected to lead to 550 job losses. The measures, revealed in a trading update issued on Monday, will include a “series of initiatives” designed to deliver around £50m in [...]
Retailers warn of ‘inevitable’ job losses and price rises after budget tax hikes November 13, 2024 Retail bosses warned that they will be forced to hike prices and cut jobs due to the government’s tax hikes, as the sector braces for a substantial increase in employment costs. In a draft letter to the Chancellor, coordinated by the British Retail Consortium (BRC), retail bosses warned that job losses were “inevitable” and higher [...]
Badenoch claims Reeves’s Budget was designed to ‘milk private sector’ November 13, 2024 The Labour government’s “ideological” Budget was “designed to milk the private sector”, Tory leader Kemi Badenoch has claimed. Quizzing Sir Keir Starmer during Prime Minister’s Questions (PMQs) today, the Conservative leader accused the Labour leader of “having nothing to offer but platitudes”. She said: “Their ideological Budget was designed to milk the private sector and [...]
Streeting rolls out health service league tables to boost efficiency November 13, 2024 NHS trusts should be “turned into businesses”, a free market think tank has argued, amid Wes Streeting’s announcement of health service league tables in a bid to boost efficiency. The health secretary has confirmed failing hospitals will be named and shamed in league tables and managers sacked if they don’t improve patient care and take [...]
Fuller’s pub boss warns Budget tax changes will drive hospitality to the brink November 13, 2024 The boss of pub chain Fuller, Smith and Turner has made a stark warning about the effect of recent tax rises on hospitality, warning it will increase inflation and drive businesses “to the wall”. Chair of the London-listed firm known as Fuller’s, Michael Turner, said that the changes to employer’s national insurance contributions (NICs) announced [...]
Working mothers will pay for Labour’s tax rises November 13, 2024 Employers’ national insurance hikes will increase the cost of childcare and put nurseries out of business, making life for working mothers even harder than it already is, says Alys Denby Governments are notoriously bad at picking winners, but Britain is about to find out what happens when leaders are more interested in picking losers. From [...]
Exclusive: Argentina and South Africa in talks to host Rugby Championship match in London November 12, 2024 World champions South Africa and World Cup semi-finalists Argentina are in talks to play a Rugby Championship fixture at London’s Allianz Stadium in 2025, City AM can reveal. Discussions have taken place about Twickenham hosting a match from the southern hemisphere’s equivalent of the Six Nations next autumn. It would be the first time that [...]
Meeting the challenges of the reinsurance market November 12, 2024 Touching all parts of the sector, Aon is one of the giants of the global insurance industry. Insurers play a crucial role in creating a more resilient world, but they are up against a rapidly changing environment with interconnected, emerging risks and intense competition. Now more than ever, insurers need comprehensive services and global perspectives [...]
Employer National Insurance hike a ‘significant burden’ and will impact working people, warns Thwaites November 12, 2024 The hike in employer National Insurance contribution (NICs), which was revealed by Chancellor Rachel Reeves in her Budget, will place a “significant burden” on historic brewer, pub and hotel owner, Daniel Thwaites, the company has said. The Lancashire-headquartered group added that the increase, together with the rise in the National Living Wage, “make it less [...]
Business groups warn of jobs market slowdown following Budget November 12, 2024 Alexandra Hall-Chen, principal policy adviser for employment at the Institute for Directors (IoD) said the figures point to a "concerning trend" in the labour market.