Business live: Rachel Reeves urged to avoid Groundhog Day budget

Contributing sentiments towards policy:

48% : * 'Damaging' workers' rights bill will stall growth, Reeves told Asian stocks rose this morning on renewed hopes of a Federal Reserve rate cut in December and optimism about a possible Ukraine peace deal, reversing last week's declines driven by concerns over stretched AI tech valuations.
46% : Business leaders, frustrated by policy instability and last year's rise in employer national insurance, fear a repeat performance. Newton-Smith will say: "A year on from a budget that turned to business to plug a hole, loading on £24 billion per year in extra costs, pushing the tax burden to a 25-year high, the government is once more grappling with a new fiscal gap, billions of pounds wide.
34% : Rain Newton-Smith will urge the government to "work with business to fix what's broken", make "hard choices" after welfare and tax reversals, warn against "death by a thousand taxes" and press for more fiscal headroom.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.