Don’t ask business to ‘shoulder more burden’, CBI chief urges Politics The government should not “ask businesses to shoulder any more of a burden”, the Confederation of British Industry (CBI) chief has warned in the wake of the welfare cuts. Work and pensions secretary Lilz Kendall announced on Tuesday a raft of welfare measures she said will help bring more working age people back into jobs. [...]
‘Productivity argument’ against family firm tax breaks, IFS director argues Politics There is a “productivity argument” against treating family businesses “generously”, the Institute for Fiscal Studies (IFS) director has argued, when asked about inheritance tax. Economist Paul Johnson addressed the National Farmers Union (NFU) conference in Westminster on Tuesday, which saw environment secretary Steve Reed’s speech interrupted by farming protestors, as well as NFU president Tom [...]
CBI boss warns Rachel Reeves’ farm tax will undermine growth push Economics Speaking at the National Farmers' Union's (NFU) conference, Newton-Smith said there was no sector more "foundational" to the UK economy than farming.
CBI boss: ‘Not realistic or right’ to decouple from China February 5, 2025 Rain Newton-Smith, head of the UK’s leading business group, will urge the government to ignore the “siren call of protectionism” amid mounting tensions in the global economy. In a speech set to be delivered later today, the chief executive of the Confederation of British Industry (CBI), will call on the government to forge deeper ties [...]
Labour won’t fool businesses twice November 27, 2024 It’s becoming increasingly clear that trying to explain the value of private enterprise to Marxists is an exercise in what Churchill described as feeding a crocodile, hoping it will eat you last, writes James Price As the great wordsmith George W Bush once said: “Fool me once, shame on — shame on you. Fool me [...]
CBI chief: Ministers must ‘co-design’ economic growth with businesses post-Budget November 25, 2024 Businesses should have a stronger voice in setting economic growth policies, the boss of an influential business lobby group has urged, including a shift from “consultation to co-design”. Rain Newton-Smith, chief executive of the Confederation of British Industry (CBI), told attendees at the group’s annual conference that the government and firms share a “vision of [...]
Labour’s Budget will ‘hit growth’, CBI boss warns November 25, 2024 In a speech set to be delivered at the CBI's annual conference later today, Newton-Smith will warn about the impact of the Budget on businesses.
National Insurance hike will be ‘difficult’ for businesses, warns CBI boss October 15, 2024 Increasing employers’ National Insurance contributions will make it “harder for businesses to create the jobs and the growth” needed to “help fund our public services”, the boss of one of the UK’s largest business groups has warned. Speaking a day after Keir Starmer refused to rule out hiking National Insurance contributions paid by businesses, Rain [...]
KPMG and Natwest put the CBI back in business October 9, 2024 Companies renew their memberships to CBI offering hope for the firm's continuation
CBI urges government to have closer ties with EU to help boost services trade September 17, 2024 In a new report, the business group argued that closer ties with the UK's major trading partners would help deliver the economic growth which the new government has pledged to deliver.