The Traitors U S - Final - Beware...
Film, Media & TV4 mins ago
"Reeves bangs on about “hard-wiring growth into every Cabinet decision" yet destroys it with every decision she takes. The Chancellor is a one-woman growth destruction machine, and here’s the latest example.
Pharmaceutical giant AstraZeneca is literally the UK's biggest company. Yesterday, it withdrew plans for a £450million expansion of its vaccine manufacturing plant in Speke, Merseyside."
Martin Vander Weyer, financial columnist for the Spectator, wrote recently:
I long to write less about Rachel Reeves and more about world-beating British businesses – such as Brompton, the folding bicycle maker whose fortunes I have followed since I bought the product and interviewed the founder-designer, Andrew Ritchie, 20 years ago.
The latest Brompton news was that profits collapsed from £11 million in 2023 to breakeven for the year to March 2024 in the teeth of a post-pandemic demand slump; and that additional hiring has been put on hold after Labour’s NI increase added ‘hundreds of thousands of pounds’ of extra costs. A move from cramped west London premises to a new base at Ashford in Kent, with room for big increases in output and skilled jobs, had already been deferred to 2029.
Meanwhile, the chief executive Will Butler-Adams warned that a proposed axing of tariffs on imports of Chinese bikes – as a quid pro quo for more UK access to China, which happens to be Brompton’s biggest export market – would do deep damage to his already beleaguered operation. ‘I don’t need the government to back me,’ he told the Financial Times. ‘I just don’t need them to kill me.’
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