Retail sales fall for eleventh consecutive month August 27, 2025 UK retail sales have continued their steady decline as price pressures weigh on already-stretched consumers, according to new data. The CBI’s monitor for annual retail sales was little changed at -32 in August, from -34 in July. “Weak demand and higher labour costs continue to put pressure on margins, dampening sentiment across the retail and [...]
Why business confidence is all over the place August 12, 2025 Kemi Badenoch looked aghast but Keir Starmer was defiant. Business confidence was at a nine-year high, the prime minister declared in the House of Commons in mid-July. The Conservative Party leader was not having any of it. Neither were many economists and analysts watching from the City. What Starmer claimed was not false, per se. Research [...]
Voters say Nigel Farage’s Reform is the ‘party of UK business’ August 5, 2025 Reform UK is now seen as the most pro-business party in Westminster, fresh polling produced for CityAM has found, in one of the first major signs the public is warming to Nigel Farage’s economic policies. Political parties have long battled to present themselves as a pro-business party, with Labour’s Chancellor Rachel Reeves wooing company bosses [...]
UK business confidence highest in 10 years, Lloyds Bank says July 31, 2025 UK business confidence is at its highest level in 10 years as the service sector saw the biggest jump in optimism month-on-month, according to Lloyds Bank. Firms were more optimistic for the third consecutive month, with the rise driven by improved trade prospects and an improved economic outlook. Lloyds’ survey suggested hiring intentions had also [...]
Rachel Reeves’ Autumn Budget still causing negativity – CBI July 30, 2025 A streak of negative business sentiment has now lasted 10 months, a leading industry body has suggested, in further evidence that employers have struggled to turn a page on Chancellor Rachel Reeves’ £40bn tax raid at last year’s Autumn Budget. Prime Minister Sir Keir Starmer has repeatedly told MPs that business confidence was edging higher, [...]
Fintechs lobby Rachel Reeves for tax incentives to boost listings July 9, 2025 Top British fintech firms have urged Rachel Reeves to provide incentives to list in London or risk losing them to rival markets overseas. Executives from Clearbank, Atom, Revolut and Zilch met the Chancellor on Wednesday morning ahead of the Treasury’s Financial Services Growth and Competitiveness Strategy, in which fintech is expected to play a starring [...]
CBI on hunt for Soames successor July 3, 2025 The CBI has kicked off its hunt for a new chair to succeed Rupert Soames, the man credited with saving the lobby group from the brink of collapse. The UK’s business industry body has enlisted headhunters to help with the search for Soames’ successor in one of the most prominent roles in corporate Britain. Soames, [...]
Private sector braced for sharp decline, CBI warns June 30, 2025 Private sector businesses across the country are braced for a sharp decline in activity in the next three months, the UK’s largest industry body has warned, as Chancellor Rachel Reeves struggles to reverse low business confidence trends. Reeves may have hoped that the industrial strategy, plans on infrastructure investment and pension reforms aimed at boosting [...]
Manufacturers falter as Reeves urged to fast-track growth policies June 24, 2025 Manufacturing output continues to slump, according to the UK’s largest industry body, as bosses are urging Chancellor Reeves to back up training and technology policies with “short-term delivery”. The UK government set out its long-awaited industrial strategy earlier this week where it listed areas of the economy which had greatest potential for growth, including advanced [...]
Week in Business: Non-dom tax U-turn makes sense but what about the rest of us? June 19, 2025 The Chancellor is scrambling to hang on a few non-doms, but what about the tax bomb dropped on the rest of the country?