Financial Times - Nov 25
Nov 25 (Reuters) -The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- UK business cutting back growth plans after Budget tax rises, warns CBI
- Former BP boss Bernard Looney to chair US start-up Prometheus Hyperscale
- Hospitals should check staff use of WhatsApp to ensure patient safety, UK watchdog says
- UK wealth managers warn Rachel Reeves over plan to levy inheritance tax on pensions
Overview
- UK businesses are cutting their plans for growth following tax rises in the budget, according to the Confederation of British Industry, with almost half of those surveyed by the lobby group saying they would reduce headcount and almost two-thirds saying they would scale back hiring.
- Oil major BP's former CEO Bernard Looney is joining the board of a US-based data centre company Prometheus Hyperscale.
- Hospitals in England should carry out spot checks on doctors' and nurses' phones to ensure they are safely using WhatsApp to discuss patient care, the head of the data watchdog John Edwards said.
- British finance minister Rachel Reeves' plan to levy inheritance tax on pensions will "undermine" the retirement savings system and risk leaving beneficiaries with higher costs and lengthy delays before receiving their money, UK wealth managers have warned.
(Compiled by Bengaluru newsroom)
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