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Business groups have reacted to Chancellor Rishi Sunak’s 2021 Autumn Budget speech. Responding to the speech, the Confederation of British Industry (CBI) stated that the Chancellor ‘showed a willingness to listen to business with measures that will get firms innovating and help the economy to grow’. However, the Director-General of the Confederation of British Industry

Chancellor Rishi Sunak announced as part of his Budget speech of the government’s intention to create high-wage, high-skilled jobs of the future. With over £6 billion of funding for the Department for Work and Pensions (DWP) over the next three years to help people earn more and gain the right skills, the Chancellor stated that

Chancellor Rishi Sunak has delivered a Budget to ensure the UK economy bounces back following the coronavirus (Covid-19) pandemic. The Chancellor announced that total departmental spending will grow by £150 billion per year in cash terms by 2024/25, which will represent the largest real term increase in overall departmental spending for any Parliament this century.

The Confederation of British Industry (CBI) has warned the government against introducing new business tax rises in this week’s Autumn Budget. The business group has urged the government to ‘end the repeated increase of business taxes that are stunting investment’; reform the business rates system; commit to maintaining ‘more generous capital allowances beyond 2023’; and

Half of first-time buyer home purchases are being financed by the so-called ‘bank of mum and dad’, according to research carried out by property group Savills. Savills’ research found that contributions towards buying a first home by parents’ are likely to top £9.8 billion this year. It said that rising house prices have only put