The Confederation of British Industry (CBI) has today confirmed John Cridland will take over the role as director general, when Richard Lambert steps down in January. Earlier this year, Mr Lambert said he would step down when his five-year term ends at the start of 2011. Mr Lambert has been with the lobby group since [...]
According to a survey from the Confederation of British Industry (CBI), small manufacturers are expecting to increase production in order to meet higher demand. The CBI survey, which questioned 382 businesses, established that a balance of 19% of firms expect to raise output – higher than the 9% balance in the previous three months, According [...]
Prime Minister David Cameron has delivered a speech today at the CBI’s annual conference and has outlined a “strategy for growth” for Britain’s private sector – just days after his Government unveiled its harsh Comprehensive Spending Review. The spending cuts introduced by the Coalition Government have received mixed responses; many have been critical of them [...]
David Cameron is to deliver a speech today at the CBI’s annual conference and is expected to defend the recent spending cuts, while pledging to create a “new economic dynamism” in Britain. The Prime Minister intends to boost business confidence and growth and is expected to say: “This is an incredible opportunity for Britain – [...]
A survey by the Confederation of British Industry (CBI) has revealed factory orders slumped in October at their sharpest pace since April. The industrial trends survey’s total order book balance fell to -28 this month, from -17 in September – lower than expectations of a reading of -19. In the meantime, the output expectations balance [...]
It has been announced that the Government is to reduce the annual amount of pension tax-free income in order to save £4 billion a year, to reduce the spiralling budget deficit. The tax-free amount is being slashed from £255,000 a year to £50,000 from April 2011. High earners will continue to be paid tax relief [...]
Employers’ group, the Confederation of British Industry (CBI) has today said it is against existing banking giants being broken up. The comments from the CBI come just a few weeks after Britain’s Independent Commission on Banking (ICB) said it was looking at ways to increase competition and choice among high street banks. One option could [...]
Employers’ group, the Confederation of British Industry (CBI), is calling on the Government to tighten laws to make it harder for workers to take strike action. Furthermore, Mayor of London Boris Johnson, is also calling for a reform of the law, suggesting the Government introduce legislation preventing action unless at least half of union members [...]
Employers’ group, the Confederation of British Industry (CBI), has revised its growth forecast for the UK’s economy. It is now predicting the economy will grow by 2% in 2011, not 2.5% as forecast earlier this year. Its downward revision is due to the massive spending cuts, introduced by the Government – deemed necessary in order [...]
Employers’ group, the Confederation of British Industry (CBI), has today said it supports the coalition Government’s overhaul of the benefits system. It is also suggesting the Government consider ending final salary pensions for public sector workers. The coalition Government has introduced tough austerity measures and has said they are necessary to slash the budget deficit. [...]
The Confederation of British Industry’s (CBI) monthly industrial trends survey has today provided a positive outlook for the manufacturing sector. The CBI’s order book balance rose to -14 this month from -16 in July. While this indicates that orders are still declining, it represented the slowest pace in two years. Meanwhile, the export order book [...]
A survey by the Confederation of British Industry (CBI) today revealed shoppers hit the High Street in July, with sales increasing at the fastest pace in more than three years. According to the CBI’s monthly distributive trades survey, supermarkets, clothes and shoe shops received the most business as sales grew at the fastest rate since [...]
Richard Lambert, the Director General of Britain’s largest business organisation, the Confederation of British Industry (CBI), has announced he will step down in 2011 – when his five-year term ends. Mr Lambert has been with the lobby group since July 2006 when he replaced Sir Digby Jones. He was previously a member of the Bank [...]
A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that the industry is growing, albeit at a slower pace than expected. According to the survey, activity in the sector in the last three months has grown at its fastest rate since September 2007, [...]
A survey by the Confederation of British Industry (CBI) today revealed a mixed June for retail sales with footwear stores hit but food and electrical retailers experienced good growth. According to the CBI’s monthly distributive trades survey, over one third of retailers reported a rise in the volume of sales during the first two weeks [...]
Releasing its latest economic forecasts today, the Confederation of British Industry (CBI) is forecasting that the economy will expand by 1.3% in 2010 – slightly higher than its forecast of 1% in March. The business group revised its growth forecast upwards due to a strong recovery in the manufacturing industry. However, it left its prediction [...]
A survey by the Confederation of British Industry (CBI) has revealed a fall in UK retail sales for the month of May. Its monthly distributive trades survey reported a sales balance of -18 in May from +13 in April – a 14-month low and the biggest one-month drop in the index since January 2005. According [...]
New Chancellor George Osborne gave a speech to business leaders at the Confederation of British Industry’s (CBI) annual dinner last night and has outlined plans to reform corporation tax. He told business leaders that the new Government is committed to lower and simpler corporate tax rates. At the emergency Budget, on 22 June, Mr Osborne [...]
The Confederation of British Industry (CBI) has said that in order to control public finances, a two-year pay freeze should be imposed on most public sector workers’ pay. Selected public sector pay and recruitment freezes could save £18 billion in the next two years, the business group argued, and it highlighted that pay freezes were [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
About | Privacy | Disclaimer | Resources | XML Feeds | Press Releases | Directory | Contact us
