6:32 am, June 9, 2026
Growth to slow and unemployment to jump to two million, says CBI
UK economic growth is set to falter and unemployment will worsen as the conflict in the Middle East and rising energy costs weigh on consumers and firms, new forecasts have warned.
Influential business group the Confederation of British Industry (CBI) warned that around 200,000 more Britons are on track to become unemployed in a gloomy outlook for the state of the economy.
Its latest economic forecast predicted that UK unemployment will rise to 5.5% this year, which would represent around two million people. UK gross domestic product (GDP) will slow from 1.4% growth last year to 1.1% in 2026 and then 0.9% in 2027.
Tate & Lyle agrees £2.7bn US takeover in latest blow to London market
Sweetener and ingredients firm Tate & Lyle is the latest British firm to fall into foreign hands after agreeing a £2.7bn takeover deal by US rival Ingredion Incorporated.
The deal will see Illinois-headquartered Ingredion pay up to 615p per share for London-listed Tate & Lyle, comprising 595p in cash plus dividend payments.
It also raises the spectre of job cuts, with Ingredion cautioning a review of Tate & Lyle’s operations could lead to ‘material’ job cuts among Tate & Lyle’s workforce as it looks to save around 130m US dollars (£97.5m) a year by the end of 2030 following the takeover.
Peugeot E-208 GTi shown in production-ready form for first time
Peugeot has showcased its new E-208 GTi in production-ready form for the first time.
The reborn GTi has a broader track compared to the standard E-208, with hunky front and rear diffusers to improve aerodynamic efficiency. There are also upgraded springs and shocks, alongside Michelin Pilot Sport Cup 2 tyres.
Powering the E-208 GTi is a 276bhp electric motor, which brings a claimed 0-60mph time of 5.5 seconds and a top speed of 112mph, alongside a range of up to 217 miles. No prices have been revealed yet.
The markets
The FTSE 100 edged higher on Monday on a mixed day for stocks in London, as US markets recouped some of Friday’s hefty falls and investors weighed another day of uncertainty in the Middle East.
The FTSE 100 closed up 5.15 points, 0.1%, at 10,373.20. It had earlier traded as low as 10,319.17. The FTSE 250 ended down 47.31 points, 0.2%, at 23,013.43, while the AIM All-Share fell 3.68 points, 0.5%, to 793.59.
The pound traded at 1.3339 dollars on Monday afternoon, down from 1.3371 dollars on Friday. Against the euro, sterling eased to 1.1561 euros from 1.1583 euros on Friday.
Badenoch to call for public sector equality rules to be scrapped
Rules requiring police officers, nurses, and teachers to consider equality issues when they carry out their day-to-day work should be scrapped, Kemi Badenoch is to say.
The Conservative Party leader will set out plans to scrap the Public Sector Equality Duty (PSED) in a major speech on Tuesday, as part of a wider overhaul of the Equality Act.
The address comes just a week after a political row broke out over whether the police response to the murder of Henry Nowak in Southampton last December was influenced by equality law.
Fifth of drivers ‘cutting vehicle use or household spending to pay for fuel’
Nearly a fifth of motorists are having to cut vehicle use or household spending to pay for fuel, research from a government-backed body indicates.
The Money and Pensions Service (MaPS) found that 17% of drivers said they can afford fuel, but sometimes have to cut vehicle use or household expenses to pay for it, while 2% said it was simply unaffordable for them.
Three-fifths (60%) of drivers surveyed said they were concerned by the cost of fuel, while just over half (51%) said they knew which petrol station close to their home offered the cheapest fuel.
Monday on Car Dealer
Car dealer Cambria sees profits tumble amid ‘once-in-a-century’ changes to motor trade
Car dealership group Cambria saw its profits tumble dramatically last year, with bosses pointing to ‘once-in-a-century’ changes to the automotive industry.
Logbook lies: DVLA insider jailed alongside dodgy car dealers over record tampering
A ‘greedy’ DVLA employee has been jailed along with two corrupt car dealers after the trio teamed up to ‘manipulate and falsify’ documents.
Former Peugeot boss Linda Jackson joins Hendy as non-executive director
Former Peugeot boss Linda Jackson has joined Hendy Group in a major coup for the automotive retailer.
Audi UK boss reveals five £500k Nuvolari supercars sold in first 24 hours
Audi UK sold five Nuvolari supercars within just 24 hours of showing it off to high net worth UK customers in Monaco.
Used car market sees strongest price growth for three years – Autotrader
May’s used car market saw strong consumer demand, fast selling times and rising retail prices, new data shows.
Weather
Most areas will see a breezy mix of sunshine, cloud and scattered showers today, with some turning thundery, reports BBC Weather. Scotland will be cloudier overall.
Tonight, central and eastern regions become largely dry with clear spells, while western areas see more cloud moving in, bringing scattered showers overnight.
