Tuesday newspaper round-up: Tax cuts, CBI, iPhones

by | Sep 12, 2023

(Sharecast News) – Jeremy Hunt has warned that the high pace of inflation in Britain will prevent pre-election tax cuts this autumn amid signals from the Bank of England that another rate rise to ease cost of living pressures is coming next week. Speaking in India, the chancellor said he would be wary of putting money into the pockets of consumers in his November package because of the danger that it would overstimulate the economy and make it more difficult for Threadneedle Street to bring inflation down. – Guardian
Resale of event tickets for profit should be outlawed, the managers of artists have said, as they called on ministers to reconsider a crackdown on touts and “rip-offs” on websites such as Viagogo and StubHub. Music industry figures, including those who work with Radiohead and Ed Sheeran, threw their weight behind proposals to curb “secondary ticketing” websites, which allow fans to resell seats they are unable to use but that are increasingly dominated by professional touts charging high prices at a huge mark-up. – Guardian

After a summer of blood letting and soul searching, the Confederation of British Industry (CBI) is hoping to emerge from its time in the wilderness. The organisation, which was until earlier this year Britain’s premier corporate lobbying group, is planning to relaunch its flagship November event with what insiders have described as a “conference-lite” in London. – Telegraph

Buyers of the latest iPhones face having to pay £20 extra to charge the devices as Apple caves to EU rules. Apple is widely expected to change the charging port and cables on its phones for the first time in 11 years due to a European Union law requiring all phones to use the USB-C standard. – Telegraph

Thousands of high-value manufacturing jobs are at risk because Britain’s largest train assembly plant is due to run out of work by the end of the year after delays in the contract to build high-speed rolling stock for HS2. Ministers are being warned that if the factory, with a workforce of 2,000, is mothballed, 1,400 UK supply chain companies employing as many as 17,000 people also will be affected. – The Times

Related articles

Wednesday newspaper round-up: Thames Water, BYD, BT Group

Wednesday newspaper round-up: Thames Water, BYD, BT Group

(Sharecast News) - The amount of electricity generated by the UK's gas and coal power plants fell by 20% last year, with consumption of fossil fuels at its lowest level since 1957. Not since Harold Macmillan was the UK prime minister and the Beatles' John Lennon and...

Sunday share tips: Top picks to consider for 2024

Sunday share tips: Top picks to consider for 2024

(Sharecast News) - The Sunday Times and Mail on Sunday have offered their top investment tips for 2024, which includes stocks from a variety of sectors such cruises and market research to metals and real estate. Business writers from The Sunday Times each gave their...

Sunday newspaper round-up: Three, Royal Mail, Google…

Sunday newspaper round-up: Three, Royal Mail, Google…

(Sharecast News) - Telecoms giant Three has paid out a record £2 billion dividend to the Hong Kong-listed conglomerate of billionaire Li Ka-shing, as it cashes in on the sale of mobile phone masts across Europe. Hutchison 3G, which trades as Three and has ten million...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!