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The Latest Breaking News from CBI

UK growth revised down to zero; firms warn economy is heading for ‘worst of all worlds’ – as it happened

UK GDP flatlined in the July-September quarter, ONS reports, as companies warn October budget has hurt economy too

The Guardian - UK

British economy heading for ‘worst of all worlds’, business leaders warn over Labour Budget

After Rachel Reeves’s controversial Budget, the Confederation of British Industry warns the economy is ‘headed for the worst of all worlds’

The Independent UK

Sharp fall in UK business activity forecast as economic gloom deepens

CBI survey finds firms planning to reduce hiring amid weakest expectations for growth since November 2022

The Guardian - UK

From analysis to the latest developments in health,
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Firms offer no festive cheer to Reeves with gloomy outlook for 2025

The Budget hike to employers’ national insurance is ‘exacerbating an already tepid demand environment’, the CBI warned.

The Independent UK

Minister defends Labour budget as Bank of England issues dire growth warning

Businesses have responded to Chancellor Rachel Reeves hiking the minimum wage and increasing National Insurance contributions by cutting jobs and raising prices

Evening Standard

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

The rise in inflation last month is likely to mean higher borrowing costs for longer

The Independent UK

Blow to Rachel Reeves as leading businessman suggests recession could be ‘around the corner’

James Reed, chairman of the recruitment giant, Reed, said there was a large drop in the number of vacancies it advertised last month

The Independent UK

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‘Join BJP, make video against Rahul’: MP couple ‘suicide note’ alleges ED harassment over politics

In a raid on the house of Madhya Pradesh businessman Manoj Parmar and his wife Neha, who died by suicide on December 13, the Enforcement Directorate officials turned off the cameras, assaulted Parmar, locked his family in a room, and seized Rs 10 lakh and 70 grams of gold without…

Newslaundry

Odisha: CBI summons Senior IAS officer Bishnupada Sethi in 'bribery case', check all updates

Bishnupada Sethi belongs to 1995 IAS batch of Odisha Cadre. Currently, he is serving as Principal Secretary of SSEPD in the state. Read further on Dynamite News:

Dynamite News

‘We want to speak, CRPF saying we can’t’: What happened after Rahul met Hathras victim’s family

Hours before Rahul Gandhi arrived in a small village in Uttar Pradesh’s Hathras, the state police and CRPF thronged the narrow roads. All vehicles were barred entry to the village, forcing eager journalists to walk over a kilometre to reach a nondescript home within.

Newslaundry

CBI arrests Indian bank panel advocate in Kolhapur for accepting Rs 1.70 Lakh bribe

The advocate had initially demanded a bribe of Rs2.5 lakh, which was later negotiated down to Rs1.70 lakh, in exchange for deferring the possession of a mortgaged property under the SARFAESI Act. Read further on Dynamite News:

Dynamite News

SC removes Sisodia's bail conditions over appearance before probe agencies

The SC on Wednesday relaxed AAP leader Manish Sisodia's bail conditions in alleged liquor police irregularities cases and removed the conditions to mark his attendance twice a week before the probe agencies. Read further on Dynamite News:

Dynamite News

MUDA scam: Karnataka HC to hear plea seeking CBI probe on Dec 19

The Court was hearing a plea that sought an investigation from the CBI into the alleged MUDA scam, presently being investigated by the Lokayukta Police. Read further on Dynamite News:

Dynamite News

Explained: Why NDTV founders got clean chit 7 years after CBI raids

Seven years ago, the CBI raided NDTV and the homes of its founders, Prannoy and Radhika Roy, in connection with a Rs 375 crore loan they took from ICICI Bank in 2008.

Newslaundry

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The Independent UK

Fact check: Living standards pledge, National Insurance and plane crash image

Round up of fact checks from the last week compiled by Full Fact.

The Independent UK

Starmer fails to rule out new tax rises – despite Reeves’ claim there wouldn’t be another hike

Concerns are growing over the possibility of another tax raid in the spring

Evening Standard

CBI downgrades UK economic growth forecasts amid Budget pressures on firms

The CBI has reduced its growth forecasts for the UK economy in 2024 and 2025 as inflation is expected to pick up.

Dynamite News

CBI conducts searches in Delhi-NCR in cyber fraud case involving financial scams worth Rs 117 cr

The complaint alleged that unknown organized cybercriminals and suspected foreign actors were engaged in systematic financial fraud across India. Read further on Dynamite News:

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news in one place.

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Evening Standard

Reeves insists public services will have to ‘live within their means’

The Chancellor suggested the risk of economic shocks meant she could not guarantee there would be no further tax rises.

The Independent UK

Reeves refuses to rule out further business tax rises

Chancellor under pressure as Starmer shifts focus to higher living standards

Evening Standard

Reeves repeatedly declines to guarantee no more borrowing or tax rises

At Treasury questions on Tuesday, Rachel Reeves was asked multiple times to re-commit to her earlier pledge on taxes.

The Guardian - UK

Growth expectations among UK firms take ‘decisive turn for worse’, says CBI

Expectations negative for first time in 2024 as business confidence plummets since Rachel Reeves’s budget

Dynamite News

ED submits sanction in CBI case covers PMLA offences also, court disposes Kejriwal's plea

After considering the ED's submission, the bench of Justice Kaveri Baweja disposed of Kejriwal's plea. Read further on Dynamite News:

The Guardian - UK

Rachel Reeves is wrong to say there was no alternative to her tax-raising budget

Letters: Wealth taxes would be more worker-friendly than raising employers’ NI contributions, write Anne Gray and Clive Needle, while John Digney advocates taxing land values

Dynamite News

CBI files chargesheet against four accused in Dibrugarh Investment Scam Case

The Central Bureau of Investigation (CBI) on Thursday filed a chargesheet against accused persons in the 'Dibrugarh Investment Scam Case' before the Special CBI Court, Guwahati. Read further on Dynamite News:

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