The Confederation of British Industry, a business lobby group that surveys and represents UK employers.
City AM reported that bank bosses and industry leaders will run scenario analysis on a Budget bank tax, a day after Healey praised banks at the IMF. The sources show firms modelling a range of outcomes, with no Treasury confirmation of any plan.
Reality
Prime Minister Andy Burnham is expected to announce a clampdown on non-compete clauses and long notice periods used to hold tech and finance staff. Employers that rely on these terms get a direction to plan against from the speech, but the rules themselves have not been written.
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Skills minister Jacqui Smith says the £25bn employer tax rise is not the main driver of youth unemployment, now at 16.4%. Her offer to employers is £2,000 per young apprentice at small firms, with the payroll tax on 21- to 24-year-olds left as it is.
Reality
Andy Burnham's first conference speech as prime minister promised a 45-day work placement between 16 and 18 and an apprenticeship at 18. He put the obligation on young people, and who hosts the placements waits for Alan Milburn's imminent report on NEETs.
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The Office for National Statistics put July growth at 0.4% against forecasts of none, and money markets now price Bank rate at 4.75% by July 2027. Oil and the European Central Bank did most of that work.
Reality