CBI chair condemns ‘incoherence’ of Labour’s Employment Rights Bill November 24, 2025 Rupert Soames, the outgoing chair of the Confederation of British Industry, has lambasted the Labour government for promising to cut regulatory burdens while pushing ahead with its Employment Rights Bill and adding to the cost of hiring. In a closing speech at the CBI’s annual conference on Monday, Soames questioned the government’s performance and “flakey [...]
Welfare system in ‘crisis’ as number of Brits on out-of-work benefits exceeds 5m November 24, 2025 The number of people claiming benefits with no requirement to work has increased beyond 5m, new analysis has found, amid fresh calls for the government to tackle welfare reform in the near term. Analysis by the Centre for Social Justice has estimated that the total number of people on Universal Credit and those on Employment [...]
Rachel Reeves set to cut cash ISA limit to £12,000 November 24, 2025 Savers are facing a major policy shake-up at the forthcoming Budget as Chancellor Rachel Reeves is reportedly planning to slash the annual cash ISA ceiling to £12,00 in a bid to encourage increased investment in stocks instead of hoarding cash. People close to preparations for Wednesday’s Budget said Reeves had decided to reduce the limit [...]
Fifa and Saudi Arabia team up again in $1bn stadium loans project November 24, 2025 Saudi Arabia and Fifa have demonstrated their close ties by offering up to $1bn (£760m) in soft loans for member football associations in developing countries to build or revamp stadiums. The Saudi Fund for Development has pledged to provide the finance, which Fifa said would “prioritise developing nations… helping them invest in facilities that drive [...]
Budget risks stifling UK sports stars of tomorrow, industry warns Reeves November 24, 2025 Chancellor Rachel Reeves risks cutting off the UK’s pipeline of sporting talent with reform of business rates in the Autumn Budget, industry leaders have told Morning Wire. In a wide-ranging survey of governing bodies and other stakeholders across the sector, expected changes to business rates due to be announced by Reeves tomorrow and take effect [...]
What sport wants from the Budget: UK industry leaders share hopes and fears November 24, 2025 Ahead of the Autumn Budget on Wednesday, Morning Wire asked decision-makers from across the UK’s sport sector what they are hoping to hear from Chancellor Rachel Reeves. UK Athletics – Jack Buckner, CEO Major sporting events drive sport. They make us feel good, but they also are profitable. They generate income. It’s challenging putting on [...]
Stricken giant collapses as 650 jobs put at risk November 24, 2025 One of the UK’s largest metals recycling firms has collapsed after efforts to find a buyer for the stricken business failed – with around 650 jobs now at risk. Stratford-upon-Avon-headquartered Unimetals Recycling has filed for compulsory liquidation is now is expected to begin winding down imminently. The company, which operates 28 sites nationwide, is set [...]
Big Four giants poised to benefit from booming tech consulting spend November 24, 2025 The technology consulting market is anticipated to grow by 7 per cent in 2026, reaching over $400bn (£312bn) as businesses race to upgrade legacy infrastructure to align with new tech. According to a new report by Source Global Research, technology consultants are in high demand, with the market growing 4 per cent in 2024 and expected [...]
Business secretary admits Labour tax hikes fuelling wealth exodus November 24, 2025 The business secretary has conceded that tax hikes have sparked an exodus of rich Brits, after one of the UK’s richest people fled to Switzerland. Peter Kyle admitted that he is “worried” that super-rich business figures such as Lakshmi Mittal feel they need to leave Britain “in order to succeed”. “There are people starting businesses [...]
OBR to downgrade growth forecasts ‘in every year’ to 2030 November 24, 2025 The Office for Budget Responsibility (OBR) is set to downgrade growth forecasts at the Budget this week for every year of the forecast period amid revisions to trend productivity projections. Sky News reports that the OBR is expected to cut its growth predictions, which have been more optimistic than those published by City forecasters, in [...]