Financial Times - Nov 25

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Headlines

CBI warns that UK businesses are cutting back on growth plans following the Budget tax increases

Former BP boss Bernard Looney will chair US start up Prometheus hyperscale

UK watchdog: Hospitals must check the use of WhatsApp by staff to ensure patient safety

UK wealth managers warn Rachel Reeves about plan to levy an inheritance tax on pensions

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According to the Confederation of British Industry (CBI), UK businesses have cut their growth plans following the tax increases in the budget. Nearly half of the people surveyed said they would reduce staff and nearly two thirds said they would decrease hiring.

Former BP CEO Bernard Looney joins the board of a US data centre company, Prometheus Hyperscale.

John Edwards, head of data watchdog in England, said that hospitals should conduct spot checks to make sure doctors and nurses are using WhatsApp safely to discuss patient care.

Wealth managers in the UK have warned that Rachel Reeves plan to tax pensions on inheritance will "undermine" retirement savings and leave beneficiaries facing higher costs and long delays before they receive their money. (Compiled by Bengaluru Newsroom)

(source: Reuters)