Warning retail job cuts ‘inevitable’ after Budget

UK’s largest retailers warn Reeves her Budget makes job cuts ‘inevitable’

Retail firms have written to the chancellor to say they cannot manage rising costs and tax bills.

Job cuts 'inevitable' over £30m university deficit

Dundee University has told staff it faces "an extremely challenging period" for the higher education sector.

Restaurant workers' jobs threatened by Budget, bosses warn

Hospitality bosses are calling for changes to what they describe as "unsustainable" tax rises.

Spirit Airlines stock jumps 15% after struggling budget carrier said it will sell planes, cut jobs

Spirit Airlines shares rose after the struggling carrier said it will cut jobs and sell planes.

Business - CNBC - October 25

UK retailers warn Reeves of £7bn hit from Budget changes

Changes to national insurance, national living wage and an existing packaging levy set to raise costs in the sector

Business - Financial Times - 8 hours ago

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts

More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closures

Business - Financial Times - November 10

Global climate disaster inevitable if action not taken soon, U.N. warns

The U.N. said that the world is now in "climate crunch time" as greenhouse gases have hit "unprecedented levels."

Starmer insists pro-growth policies on way after OBR’s budget warnings – UK politics live

PM says budget just ‘first step’ after watchdog said measures would make no difference to growth over five years. Rachel Reeves is now being interview on ITV’s Good Morning Britain.. She is being ...

World - The Guardian - October 31

Estée Lauder’s stock heads for record selloff after profit warning, dividend cut

Consumer sentiment in China worsened, driving weak prestige beauty and Asia travel retail sales.

Business - MarketWatch - October 31

Target, Walmart and other retailers announce price cuts ahead of holidays

Target says more than 2,000 items are having their prices marked down ahead of holiday season, joining other retailers like Walmart and Aldi who have also announced plans for cheaper costs before ...

Walmart and Other Retailers Cut Christmas Goods Imports This Year

A tepid holiday season forecast prompted many companies to slash their orders for trees, tinsel and other holiday gear.

Business - Inc. - November 5

Bill Gates criticises Budget cut to overseas aid

Hidden in the Budget was a decision not to renew a Tory-era £2.5bn top-up to the UK's overseas aid budget.

Intesa Sanpaolo unveils plans to cut 9,000 jobs

Italy’s largest bank wants to reduce costs by accelerating its digital transformation

Business - Financial Times - October 23

Queen's University to cut jobs as it faces £11m deficit

The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.

Southwest Offers Buyouts and Blames Boeing for Job Cuts

The embattled carrier will lay off airport workers in several locations as it cuts flights due to a shortage for Boeing 737 aircraft.

Business - Inc. - 6 days ago

Tax rises needed to avert austerity, Starmer says

The prime minister gives a gloomy economic picture as he set out his justifications for "tough decisions" in the Budget.

Treasury yields finish mixed as spike in rates sparks buying demand

Yields on U.S. government debt closed little changed on Friday after a post-data spike in rates triggered buying demand for most Treasurys.

Business - MarketWatch - 3 days ago

Trump's tariffs could trigger 'dramatic' price spikes on clothes, furniture, warns retail group

Vice President Kamala Harris has campaigned against Donald Trump's tariff proposals, calling them a sales tax on American consumers.

Business - CNBC - November 5

The UK Budget in five charts: Reeves limits BoE space for rate cuts

Central bank is nevertheless still likely to ease policy this year and next

Business - Financial Times - October 30

Israeli budget hikes military spending, VAT, cuts social services

World - Yahoo News - November 1

BT says UK Budget will lift costs by £100mn as it lowers revenue guidance

Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’

World - Financial Times - November 7

Volkswagen plans to close at least 3 German plants and cut thousands of jobs

Europe’s largest carmaker tells works council it would slash pay by 10%

Business - Financial Times - October 28

Europe's Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts

Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.

Business - The Wall Street Journal - November 5

Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

Carmaker to slash global production capacity by a fifth in emergency turnaround plan