Category Archives: Confederation of British Industry (CBI)

CBI urges Jeremy Hunt to relax immigration rules to ease UK staff shortages

Posted on by

Lobby group says failure to tackle workforce shortages would be highly damaging for the economy

Britain’s foremost business lobby group has urged Jeremy Hunt to use this week’s autumn statement to shake up immigration rules to support companies struggling with chronic staff shortages and a looming recession.

The head of the Confederation of British Industry (CBI) said urgent action was required from the chancellor on Thursday to bolster the economy, including “tough political choices” to allow more overseas workers in Britain as employers struggle with a desperate lack of staff.

Continue reading...

UK factory growth slows to weakest in 18 months as business optimism falls

Posted on by

Supply bottlenecks, cost pressures and softer demand hit British industry

Growth in UK factories’ order books and output has slowed to its weakest in 18 months as cost pressures, supply bottlenecks and softer demand hit British industry.

The latest update on manufacturing from the CBI found business optimism fell for a third quarter running amid signs that the strong expansion of the past year has come to an end.

Continue reading...

CBI warns UK government over Northern Ireland protocol

Posted on by

Impasse over Brexit deal forcing companies to reconsider investing in Britain, says business lobby group

The UK’s foremost business lobby group has warned the government that its threat to override the Northern Ireland protocol is forcing companies to think again about investing in Britain and dragging down the economy.

The Confederation of British Industry (CBI) said immediate talks with the EU, rather than political grandstanding, were needed to resolve the impasse over the protocol, which governs post-Brexit trade between the EU, Northern Ireland and Great Britain.

Continue reading...

Partygate live: Sue Gray report due next week after police end investigation with 126 fines

Posted on by

Met police close inquiry with Downing Street yet to confirm whether Boris Johnson has received new fine

Dorries says Channel 4 is dependent on one stream of revenue - advertising.

But this revenue is going down, she says. And she says advertisers have more choice.

Continue reading...

Helping cash-strapped Britons won’t add to inflation, says CBI

Posted on by

Chief of business association calls for stimulus that aids ‘hardest hit’ with rising food and fuel bills

Tackling rising food and fuel bills will not add to inflation and people who are “the hardest hit” need help now, the head of the UK’s biggest business association has warned.

Official figures published on Wednesday revealed UK inflation soared to 9% in April – its highest level for more than 40 years – as the rising cost of gas and electricity pushed household energy bills to record levels.

Continue reading...

Johnson ‘losing the confidence’ of Tory party after rambling CBI speech

Posted on by

Senior party members concerned after chaotic fortnight, with PM said to be losing his grip over key policies

Conservative MPs are increasingly worried about Boris Johnson’s competence and drive after he gave a rambling speech to business leaders and was accused of losing his grip over a series of key policies from social care to rail.

Senior members of his own party said they needed Johnson to get the government back on track after a disastrous two weeks amid dismay about his performance at the Confederation of British Industry (CBI) conference, where he lost his place in his speech for about 20 seconds and diverted into a lengthy tangent about Peppa Pig.

Continue reading...

‘Embarrassing’: Boris Johnson criticised for rambling speech to CBI

Posted on by

Business leaders and Conservative MPs criticise speech in which PM extensively praised Peppa Pig World and imitated car

Boris Johnson has been criticised by senior business leaders and Conservative MPs for a “rambling” speech to top industry figures that saw him extensively praise Peppa Pig World, compare himself to Moses and imitate the noise of an accelerating car.

The prime minister’s sprawling address to the Confederation of British Industry (CBI) was accused of lacking seriousness and professionalism. Johnson lost his place during the speech and spent 20 seconds repeating “forgive me” as he shuffled the printed pages on his podium.

Continue reading...

Chilled food delivery group collapses putting over 400 jobs at risk

Posted on by

EVCL Chill goes into administration hit by severe driver shortages and loss of customers

More than 400 jobs are at risk after a chilled food delivery business collapsed into administration – in part as a result of the driver shortage.

EVCL Chill, based in Alfreton, Derbyshire, had struggled after the loss of a number of customers over the past year and severe driver shortages, administrators PwC said.

Continue reading...

Nearly 75% of City firms reviewing office space provision

Posted on by

Rise in home working during the pandemic means many companies are assessing their needs

Nearly three-quarters of City firms are reviewing how much office space they really need following a boom in home working during the pandemic, new research shows.

The latest CBI/PwC financial services survey found 74% of companies – particularly banks and insurance firms – have been taking stock of their office requirements in the hope of either using the space differently, or reducing it.

Continue reading...

Covid-19: UK economy plunges into deepest recession since records began

Posted on by

GDP falls 20.4% – the worst of any G7 nation in the three months to June

Britain has entered the deepest recession since records began as official figures on Wednesday showed the economy shrank by more than any other major nation during the coronavirus outbreak in the three months to June.

The Office for National Statistics (ONS) said gross domestic product (GDP), the broadest measure of economic prosperity, fell in the second quarter by 20.4% compared with the previous three months – the biggest quarterly decline since comparable records began in 1955.

Continue reading...

No-deal Brexit would be ‘major block’ to UK’s recovery, warns CBI

Posted on by

Carolyn Fairbairn says most UK businesses cannot prepare for no-deal during Covid-19 crisis

Business leaders have pleaded with the government not to walk away from Brexit talks without a deal after Michael Gove claimed the Confederation of British Industry supported no extension to the transition period.

The CBI’s director general, Carolyn Fairbairn, said to crash out without a deal would be a “major block to recovery”.

Continue reading...

UK to close door to non-English speakers and unskilled workers

Posted on by

Government plans to take ‘full control’ of borders a disaster for economy and jobs, say industry leaders and Labour

Britain is to close its borders to unskilled workers and those who can’t speak English as part of a fundamental overhaul of immigration laws that will end the era of cheap EU labour in factories, warehouses, hotels and restaurants.

Unveiling its Australian-style points system on Wednesday, the government will say it is grasping a unique opportunity to take “full control” of British borders “for the first time in decades” and eliminate the “distortion” caused by EU freedom of movement.

Continue reading...

Tories scrabble for new Brexit vision in place of Theresa May’s ‘doomed’ plan

Posted on by

Chancellor argues no-deal Brexit would betray leave vote, as chances of PM’s bill fade

The expected demise of Theresa May’s Brexit plan has sparked open lobbying over an alternative Tory vision, with the chancellor, Philip Hammond, arguing that proponents of a no-deal Brexit are betraying the referendum result.

The cabinet will on Tuesday discuss the final details of what Downing Street call a “new and improved deal” to be presented to MPs, expected to include reassurances on areas including the Irish backstop, workers’ rights and environmental protections.

Continue reading...

Brexit: May addresses Commons after EU sets October deadline – live news

Posted on by

After marathon Brexit talks, EU leaders have offered delay, with Donald Tusk warning Britain: ‘Please do not waste this time’

Theresa May is now making a statement about last night’s EU summit.

She says she asked for an extension until 30 June. But she says she also asked for an assurance that, if the UK passed the deal before then, it could leave immediately.

Here’s a question from BTL.

Does the Yvette Cooper bill rule out a no-deal Brexit for good?

Andrew - factual question. Does the Yvette Cooper Bill protect us indefinitely from a No Deal Brexit? (In October, if we're still in an impasse, would May or any PM have to come back to Parliament and be forced to request another extension? If the answer is that we're not protected indefinitely, presumably Cooper and co could re-run this week's exercise. I.e. The fact that there's a majority against No Deal, in both the Commons and the Lords, does give us lasting protection - unless the EU itself eventually chucks us out?).

Continue reading...

MPs told to pass Brexit deal by next Wednesday or face long article 50 extension – as it happened

Posted on by

MPs vote by 321 to 278 to rule out no deal despite government whipping Tory MPs against motion, following 312-308 win for Spelman amendment

Folks, it’s time to wrap up the blog for the night.

I’ll be back in a few hours to launch a new Politics live blog, bringing you all of Thursday’s Brexit and other political news. A reminder of what’s on the agenda for Thursday:

There have been some remarkable turns of phrase from commentators and politicians in their attempts to capture just what exactly has gone on in British politics in the last few days.

This is a turd of a deal, which has now been taken away and polished, and is now a polished turd. But it might be the best turd that we’ve got.

The House of Commons was a Benny Hill chase on acid, running through a Salvador Dali painting in a spaceship on its way to infinity.

A vague, and vain attempt to make sense of the great mad nights in British political history.

Sketch here.https://t.co/4zCw505yNv pic.twitter.com/ZENHV8wTnz

Continue reading...

Brexit: MPs will have another say by end of month, says minister

Posted on by

James Brokenshire says Commons will have chance to block no-deal departure

The government has sought to buy Theresa May more time to put together a workable Brexit deal by promising MPs another say by the end of the month, as business leaders said the process was now in the “emergency zone”.

The communities secretary, James Brokenshire, said that if no finalised deal were put to the Commons by 27 February, MPs would again be given an amendable motion to consider. This would give them the chance to block a no-deal departure or make other interventions.

Continue reading...

No-deal Brexit ‘poses threat to global stability’ – CBI head

Posted on by

Carolyn Fairbairn warns bosses at Davos that damage caused by disorderly exit could spread far beyond the UK

Fears are growing internationally that a no-deal Brexit poses a threat to the stability of the global economy, the head of Britain’s leading business body has warned.

Carolyn Fairbairn, director-general of the CBI, said the failure to sort out Britain’s departure from the European Union was damaging Britain’s brand abroad and had joined a list of systemic risks to the world economy.

Continue reading...

No-deal Brexit would put thousands of UK jobs at risk, CBI to warn

Posted on by

Exclusive: Carolyn Fairbairn of industry body will urge MPs to put economy before politics

A no-deal Brexit would have profound economic consequences with GDP shrinking by up to 8%, putting thousands of jobs at risk, the Confederation of British Industry is to warn.

The business body is urging MPs to back Theresa May’s deal, describing it as a “solution” businesses can work with as it delivers a transition period and avoids a “hugely damaging cliff edge”.

Continue reading...