rupert soames, chair of the confederation of british industry, the cbi. nted the then prime minister, margaret thatcher, and promised a bare knuckled fight on behalf of business. soames isn�*t doing that. he wants to work with this new labour government. but it is clear he�*s saying, if you are going to force us to pay more in taxes and wages and regulation, there�*s an awful lot more you�*ve got to do for us and with us to deliver. the economic growth you say is your real goal. thanks for watching. hello. fireworks displays on saturday evening at least added a little bit of colour into what was otherwise a pretty grey day. this satellite image, there is the uk, lots of cloud in place, so with winds coming in from the south and south easterly direction, look what is still to come our way. we do see a few breaks and more particularly to the north—east of scotland, where temperatures drop the furthest to take us into sunday morning. it is around the north—east where we could see temperatures in aberdeen, four, lower than that in the countryside, a touch of f

in a speech today, rain newton smith, the boss of the confederation of british industry, says the changest by a tough trading environment thatjust got tougher" due to changes in national insurance and inheritance tax. the rise in national insurance will start lowering the threshold, catching us all off—guard. the rise of the national living wage, which everyone wants to accommodate, at the potential cost of the employment rights bill, puts a heavy burden on business. companies i speak to want to be creating more opportunities, more investment, more training in their local communities, but instead so many, especially in retail and hospitality, have gone into crisis containment. our international business correspondent, theo leggett, told us what he's been hearing about the effects of rachel reeve's budget. what they have been saying is that the changes to national insurance, a direct tax on wages, this is contributions paid by employers, has cost them a great deal of money. it runs for some of them into millions or even tens of millions or even tens of millions of pounds. at the same time,

at the annual confederation of british industry conference, rachel reeves said she wouldn't be comingoney from them following the tax rises in the budget and said she hadn't heard any alternatives to sort of the country's public finances. here's our business editor simonjack. the government dangled pro—growth, pro—business promises. but the chancellor's first budget contained a £25 billion rise in new business taxes and big pay rises for some workers. which companies here today are finding hard to swallow. it's not a great start. from a business perspective, it seems that everything is now on the shoulders of business. they've had to bear the burden. do you accept that businesses do have broader shoulders and should bear more burden of fixing public finances? . , ., , . ., finances? that is a difficult one. i think they're _ finances? that is a difficult one. i think they're willing _ finances? that is a difficult one. i think they're willing to _ finances? that is a difficult one. i think they're willing to play - finances? that is a difficult one. i think they're willing to play the

ahead of their annual meeting the confederation of british industry says almost half of those surveyed

at the annual confederation of british industry conference today, rachel reeves told them she wouldn'tre's our business editor, simonjack. the government dangled pro—growth, pro—business promises. but the chancellor's first budget contained a £25 billion rise in new business taxes and big pay rises for some workers. which companies here today are finding hard to swallow. it's not a great start. from a business perspective, it seems that everything is now on the shoulders of business. they've had to bear the burden. do you accept that businesses do have broader shoulders and should bear more burden of fixing public finances? that is a difficult one. i think they're willing to play their part but not too much. and those attending heard concerns echoed back from big business owners including mcvities. it is hard to understand the case for investment. no group of people hit with a £25 billion tax bill are likely to say thank you but the size did catch me off—guard and businesses had warmed to the overtures of keir starmer and rachel reeves, their pro—business messages but the reaction is s

brunt of those record tax increases we saw yesterday in the budget, particularly around the national insurance contributions. we heard the confederation -- the head of confederation british industry the u.k. saying that there is not enough bang for the buck, not enough growth coming out of all the money the government is spending, not enough economic growth. that is one of the key challenges for rachel reeves and the prime minister. they came into government saying economic growth was their number one priority. but actually the forecasts for how much the economy will grow in five years time have been downgraded as a result of the measures they took in the budget. when you speak to treasury officials, they argue there are lots of other measures coming down the road, for example, changes to the planning that will increase growth, that have not been factored into those forecasts. we think we can defy those rather pessimistic predictions that the official forecaster has suggested will take place in the next five years. but that is a real challenge for labor. they talked about growth, growth. remember the phrase from sir keir starmer. if growth is as anemic, low as it is forecast to b

in other news, in a message to the government , the message to the government, the confederation of british industryef says ministers must work closely with businesses in future after the shock of the budget tax hikes. the cbi's annual conference is taking place today as businesses unite to warn labour their tax rises will stunt growth . ray rises will stunt growth. ray newton—smith added that firms were caught off guard by the hike in national insurance contributions in the chancellor's budget. shadow work and pensions secretary helen whately told gb news working people are worse off due to labour's political choices . labour's political choices. >> they choose chose to put up pubuc >> they choose chose to put up public sector pay, put up the pay public sector pay, put up the pay deals with the unions above inflation without requiring any productivity reforms. that was a choice they made. they are choosing to throw money into a british energy company. they are choosing to do those things, to spend money, and that's why they have put up taxes. so they shouldn't blame us for the political choices tha

could this be the start of russian punishment for labour's decision to let ukraine use british storm shadow missiles? >> the annual confederation of british industry takes place as the businesses are uniting to warn labour will the labour tax rise will stunt growth? >> drink spiking is to be made its own criminal offence as labour make good on their promise to kerb violence against women . women. >> new research shows more than half of us expect food prices to rise thanks to the inheritance tax raid on farmers. the lib dem chief whip will be sharing her concerns with us this morning . concerns with us this morning. >> a new royal documentary last night has caused outrage, with queen camilla labelled a wicked stepmother. >> met harry at a polo match. i asked him about camilla and his face darkened and he said everyone treats her like a goddess. but in fact she's the wicked stepmother . wicked stepmother. >> 40 years today since band aid launched. do they know it's christmas? and all these years later, it's still making headlines? as ed sheeran questions whether the fundraiser creates bad stereotypes of africa. we'll debate that this morning . morni

speaking at the confederation of british industry conference, she said difficult decisions were needed to draw a line under the inheritance from the previous government. she also she also dismissed calls for big tax rises on businesses, saying the economy is now on firm footing . economy is now on firm footing. >> we have now drawn a line under the inheritance that i faced . public finances are now faced. public finances are now on a firm footing and also our pubuc on a firm footing and also our public services are funded in a proper way, and we've now set the envelope for those public services for the rest of this parliament, which means we're not going to have to come back for more . for more. >> those are your latest gb news headlines. for now, i'm joe caspen headlines. for now, i'm joe casper. more than an hour. now back to ben leo for the very latest gb news direct to your smartphone, sign up to news alerts by scanning the qr code, or go to gbnews.com/alerts . or go to gbnews.com/alerts. >> evening. hope you're well now. nothing to personal itv's andy peters. i actually think he's

ahead of their annual meeting the confederation of british industry says almost half of those surveyedlobby group revealed they would reduce headcount and almost two—thirds are scaling back hiring. the retail and hospitality sectors have been among the most vocal of businesses complaining about the tax rises announced in last month's budget. last week, retail sales figures were the latest in a run of disappointing data on the economy and the economy barely grew between july and september. joining me now is kallum pickering — chief economist at peel hunt. good morning to you, kallum. the cbi's director general will say today, last month's budget means business leaders are asking themselves whether they can afford to invest, expand and take on new people, what is your assessment?— and take on new people, what is your assessment? businesses for the most part _ your assessment? businesses for the most part have _ your assessment? businesses for the most part have good - your assessment? businesses for the most part have good balancel the most part have good balance sheet in the uk, lots of

the annual cbi confederation of british industry conference has been taking place today as business chiefsunite to warn labour that their tax rises will stunt growth. cbi chief ray newton—smith says firms were caught off guard by the hike in national insurance contributions in the chancellor's recent budget . miss in the chancellor's recent budget. miss badenoch in the chancellor's recent budget . miss badenoch told the budget. miss badenoch told the conference that taxes must come down and that risk takers in business who create jobs should be rewarded. >> the new government believes that invisible businesses can absorb these costs, but it is everyday people who bear the brunt, either in higher prices or lower wages , sometimes both. or lower wages, sometimes both. i'm often criticised for talking about capitalism. someone once told me that capitalism is old fashioned. i don't think so. i think it is important that we explain what capitalism in a free market environment means. capitalism is not a dirty word. wealth is not a dirty word . wealth is not a dirty word. profit is not a dirty wo

in a speech later this morning, the chief executive of the confederation of british industry will alsoit across many sectors. today, the welsh government will publish details of its planned tourism tax. under the plans, local councils will be given the powers to introduce a small levy on overnight stays in addition to accommodation bills. the proposed amount will be revealed when a law is published, but critics say it may put visitors off travelling to wales. adele played herfinal show in las vegas on saturday night — tearfully saying she doesn't know when she will perform again. the singer has just finished her 100th show residency at caesars palace and, after two years of performing, she said she plans to take a "big break" from music. she has performed every friday and saturday for 4,000 people — often walking through crowds and interacting with the audience, something she said had been "emotionally—draining". an exhausting amount i shows. if you have seen on eclipse, what an amazing performance! what a voice! here's carol with a look at the weather. what might be happening for the

of this parliament, as she defended her budget. the chancellor told business leaders it has brought stability to the economy, saying public services must now live within their means. speaking at the confederation of industry of british industry conference, she said difficult decisions were needed to draw a line under the inheritance from the previous government. she also dismissed calls for the big tax rises on businesses, saying the economy is now on firm footing. >> we have now drawn a line under the inheritance that i faced public finances are now on a firm footing and also our pubuc a firm footing and also our public services are funded in a proper way, and we've now set the envelope for those public services for the rest of this parliament, which means we're not going to have to come back for more some more breaking news for more some more breaking news for you coming out of the us. >> a judge has thrown out a criminal case against donald trump, accusing him of attempting to overturn his 2020 election defeat. special counsel jack smith had moved to drop all four felony charges against the president elect. mr trump, who was indicted in august 2023, faced charges including conspiracy to defraud the us and obstruc