Press Digest: Financial Times - Nov 26

Vertical Aerospace

26/11/2024 02:19

Nov 26 (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
    - Starmer 'youth guarantee' will not fix fall in
apprenticeships, says UK industry body
    
    - Rachel Reeves says there will be no more tax increases on
UK business
    
    - UK air taxi company Vertical Aerospace wins $50 mln
lifeline from creditor
    
    - BDO bucks gloom with first pay rise for UK partners in
three years


    
    Overview
    - British prime minister Keir Starmer's new guarantee of
work or training for all young people in England will not
reverse a collapse in apprenticeships, Peter Cheese, chief
executive of industry body Chartered Institute of Personnel and
Development (CIPD), has warned.
    
    - British finance minister Rachel Reeves told sceptical
corporate leaders on Monday there would be no more tax rises on
British businesses, as she insisted there was no alternative to
the 40 billion pound ($50.09 billion) increase in taxes in last
month's Budget.
    
    - UK-based air taxi startup Vertical Aerospace  M000.F  said
on Monday it had secured up to $50 million in new funding from
Mudrick Capital, a U.S. distressed debt investor, staving off a
cash crunch at the Bristol-based company, which employs about
300 people.
    
    - UK partners at BDO have been handed a pay rise for the
first time in three years after the accountancy firm generated a
record 1 billion pounds in revenue

($1 = 0.7986 pounds)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))