Confederation of British Industry News

UK Financial Services Sector Cautions About Legislating Work-from-Home Options

LONDON – How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday. Britain has indicated it may legislate to allow people …

UK Financial Services Firms Become More Optimistic, Says Business Survey

Financial services firms in Britain turned more optimistic for the first time this year as a drop in business bottomed out, but big uncertainties remained about COVID-19 and a post-Brexit trade deal, according to a survey published on Thursday. A …

No-Deal Brexit Could Endanger Billions of Data Transfers; Some Firms Move Data Centers

If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo. Though not as visible as lines of trucks backing …

EU Lags Behind Britain in Preparations for No-Deal Brexit: CBI

The European Union is less prepared for a no-deal Brexit than Britain, potentially leaving British firms at a disadvantage if there is no transition agreement and weakening London’s hand in future trade talks, a British employers group said. The EU, …

UK Business Executives Grow Increasingly Angry at Brexit Deadlock

There are only so many ways U.K. business chiefs can express their dismay at the Brexit deadlock engulfing the country. Frustration at politicians has morphed into outright anger in the three years since the referendum on leaving the European Union …

Threat of No-Deal Brexit Isn’t Likely to Win EU Concessions: UK Business Chief

Threatening to leave the European Union without a deal isn’t likely to win Britain concessions from the bloc, the country’s biggest business group said in a warning to candidates jostling to succeed Prime Minister Theresa May. “I’ve never felt it …

UK Business Group Warns Next Tory Party Leader to Avoid No-Deal Brexit

Prime Minister Theresa May’s successor must avoid a no-deal Brexit or risk losing the Conservatives’ moniker as the party of commerce, the U.K.’s biggest business lobby group said. The task facing the next prime minister is to “restore the U.K.’s …

UK Businesses Roll Back Investment as Brexit Uncertainty Bites: Survey

Four-fifths of U.K. companies have cut or withheld investment because of the uncertainty caused by Brexit, Britain’s biggest business lobby said. Some 58 percent of businesses have made plans to cut jobs, adjust supply chains, relocate production and services or …

UK Should Drop Migration Target After Brexit: Business Lobby

The UK should drop its net migration target after Brexit and introduce a system for arrivals from the European Union that better meets employers’ needs, Britain’s biggest business lobby group said. The recommendations published Friday by the Confederation of British …

UK Employers Plan Hiring Despite Brexit Worries

British employers plan to hire more workers and raise pay more quickly in 2018, but they also fear that Brexit will make the country a less attractive place to do business, a survey showed on Tuesday. Fifty-one percent of employers …