logo
Emma Bridgewater calls for Rachel Reeves to rethink tax rise

Emma Bridgewater calls for Rachel Reeves to rethink tax rise

Times16-05-2025

Emma Bridgewater has called on Rachel Reeves to rethink the increase in employers' national insurance contributions, warning that the tax rise would have 'a very, very, poor effect' on British businesses.
Bridgewater, known as Britain's queen of pottery, told Times Radio that the 'huge extra contribution' required from firms as a result of the chancellor's budget in October made creating jobs 'significantly harder'.
Operating out of Stoke-on-Trent as a proudly homegrown manufacturer, Bridgewater, 64, and her self-titled company gained notoriety for creating colourful ceramic homeware which has been praised by the King and the Princess of Wales and given by prime ministers to several US presidents.
• In depth: can companies absorb the national insurance increase?
She said she had not seen 'any' government 'lean

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Modest fashion' headed for mainstream despite political hostility, say experts
‘Modest fashion' headed for mainstream despite political hostility, say experts

The Guardian

time34 minutes ago

  • The Guardian

‘Modest fashion' headed for mainstream despite political hostility, say experts

Fashion influenced by Islam and other religions is expected to become 'mainstream' globally, in spite of politicians singling out the burqa and the hijab, as the rise of 'modest fashion' is powered by influencers, luxury brands and big tech. The Conservative leader, Kemi Badenoch, has said employers should be able to ban staff from wearing face coverings, before adding that she was not in favour of a government ban. Her remarks came days after the Reform MP Sarah Pochin asked the prime minister, Keir Starmer, if he would ban the burqa, a veil which covers the face and body, following France's lead. Clothing worn by some Muslim women has become a lightning rod for arguments about integration, personal liberty, women's rights and Islamophobia on both sides of the Channel. A French ban on children under 15 wearing the hijab was proposed last month, and in 2023, France banned girls in state schools from wearing the abaya, the loose-fitting robe worn by some Muslim women. Nonetheless, recent research by Bath Spa University found that 'persistent and growing demand' for modest fashion internationally – typified by looser styles which cover the limbs with a high neckline – was driven by Muslim consumers and Instagram users, with Amazon and Farfetch emerging as market leaders at the affordable and luxury ends of the market respectively. Bournemouth University's Dr Samreen Ashraf, who has pioneered UK research into modest fashion, said its growth was also driven by women's desire to avoid objectification. She said the market remained underserved, with issues around clear labelling from big brands and affordability with smaller suppliers. 'It's not just women with strong religious beliefs,' she added. Women who have faced body shaming or body dysmorphia, who don't have any belief, turn towards modest fashion's more flowing designs. 'Reports have suggested growth of the European modest clothing market from €56.8bn to €72.5bn between 2021 and 2025 – 17.2% of that is UK, of which 6.5% identify themselves as Muslim. That has been one of the reasons why there's been an upward turn. 'Also, with social media, people are feeling: 'I can fully express my religious or cultural identity.'. Especially when the likes of M&S and Asos and Uniqlo and H&M are also offering modest clothing. 'It's not just one religion however, but all faiths, and also empowerment: that if I don't want to reveal my body to others, why should I? Blunt statements from people in power don't serve any good purpose to women. Individual liberty, respect and tolerance are British values.' Bath Spa University's 2025 research found that leading brands' production of hijab and Ramadan lines showed 'the evolution of modest fashion into a mainstream fashion subculture'. Significantly, Muslim influencers on TikTok, many of whom focus on modest fashion, exceeded 125m views in 2023, says the growth strategy research firm DinarStandard, which projects that 30% of the world's 15- to 29-year-olds will be Muslim by 2030. The purchasing power of Muslim shoppers – including from wealthy Gulf states – is credited with leading luxury brands to enter the space, joining independent Muslim retailers and female entrepreneurs worldwide. The aesthetic overlaps with 'quiet luxury' and 'old money' styles, with 'longer hemlines' in common, according to Vogue Arabia. A 2023, Bournemouth University study, led by Ashraf, found 'increasing stigma … associated with Islam post 9/11' had led Muslims to adopt a stronger sense of identity including through 'choosing modest clothing items'. After Pochin's comments, Muslim Women's Network said women who wore the burqa, or other religious dress, were 'simply exercising their fundamental rights to freedom of expression and belief', while the Muslim Council of Britain said 'lazy tropes' were being used to malign a 'proudly British' community.

Full list of pensioners due up to £106 a week from DWP
Full list of pensioners due up to £106 a week from DWP

Daily Mirror

time40 minutes ago

  • Daily Mirror

Full list of pensioners due up to £106 a week from DWP

You could be eligible for some additional cash to pay for daily living costs. Pensioners with a certain income level could be in line for up to £106 a week from the Department of Work and Pensions (DWP) to help with everyday expenses. The DWP's latest figures show that the State Pension currently provides a steady financial income for 13 million older individuals across the UK. Eligibility for this payment requires reaching the Government's retirement age of 66 for both men and women, as well as having contributed to National Insurance (NI) for a minimum of 10 years. However, as highlighted by the Daily Record, those over 80 who either have no Basic State Pension or receive less than £105.70 per week could be entitled to extra funds to aid with daily living costs. ‌ The "over 80 pension" offers £105.70 weekly to seniors not receiving any Basic State Pension, or it supplements their existing pension up to this amount. Additionally, low-income individuals over 80 may be eligible for Pension Credit, potentially gaining over £4,300 in additional financial support throughout the 2025/26 fiscal year. ‌ Claiming the over 80 pension To claim the over 80 pension, it's important to understand that eligibility ceases if you reached State Pension age on or after April 6 2016; instead, you would be eligible for the New State Pension. The guidance on indicates that you can claim the over 80 pension if all of the following conditions are met: You are 80 or over You do not get Basic State Pension or your Basic State Pension is less than £105.70 a week You were resident in the UK for at least 10 years out of 20 (this does not have to be 10 years in a row) - this 20-year period must include the day before you turned 80 or any day after You were 'ordinarily resident' in the UK, the Isle of Man or Gibraltar on your 80th birthday or the date you made the claim for this pension, if later. Also, on your 80th birthday or when you claimed the pension, you needed to be "ordinarily resident" in the UK, the Isle of Man or Gibraltar. For UK nationals residing in or moving to an EEA country or Switzerland, consult the website for detailed pension info. Your eligibility for the over 80 pension is not based on National Insurance contributions. To make a claim, you can get a form from either your local Jobcentre Plus or the Pension Service. ‌ The earliest you can claim is three months before your 80th birthday. You can request a claim form from the Pension Service by ringing 0800 731 7898. Pension Credit This tax-free benefit ensures single pensioners receive a minimum of £227.10 per week and couples get £346.60. You must have reached the Pension Credit qualifying age, equivalent to the State Pension age, and live in Great Britain to qualify. The fastest way to check if you can claim Pension Credit is online. Elderly individuals, or their friends and family, can quickly check their eligibility and get an estimate of what they may receive by using the online Pension Credit calculator on Alternatively, pensioners can directly ring the Pension Credit helpline to make a claim on 0800 99 1234 - lines are open from 8am to 6pm, Monday to Friday.

British firms are being stifled by excessive regulation and bureaucracy
British firms are being stifled by excessive regulation and bureaucracy

Telegraph

timean hour ago

  • Telegraph

British firms are being stifled by excessive regulation and bureaucracy

The all-party House of Lords Financial Services Regulation Committee which I chair has just completed a year-long inquiry into how effective the regulators are at fulfilling their duties to boost competitiveness and growth. It's a sad tale of a deeply entrenched culture of risk aversion, of disproportionately high costs of compliance, and of a complex regulatory landscape driven by expansion and overlap in the regulators' remits and by the volume and scope of regulatory activity. There is no doubt that operational inefficiencies and suffocating bureaucracy are damaging growth and place the UK at a competitive international disadvantage. Despite the regulators' growth mandate, the firms which gave evidence to the year-long inquiry say the system is slow and inflexible. Firms complain of being buried under regulatory paperwork and of facing a never-ending barrage of information requests from both the FCA and PRA. The CEO of Nationwide told the inquiry she received 4,519 pieces of direct correspondence in 12 months. Santander responded to more than 300 regulatory requests and managed 400 regular regulatory reports equating to over 2,500 submissions a year. One firm told us it employed 78 compliance officers for its UK operations compared with a total of 73 to cover the other 40 countries it operated in. We were dismayed by the evidence we received which highlighted long-standing issues that limit investment and the ability of financial firms to grow, innovate and compete. The lack of proportionality in the regulators' approach was evident in the FCA's failure to distinguish between wholesale and retail markets and the PRAs approach to capital requirements. The vagueness surrounding the Consumer Duty and the Financial Ombudsman's evolution into a quasi-regulator has created uncertainty and a worrying perception of a regulatory penalty for investment in UK businesses. It is essential for the FCA and FOS to be aligned on redress and interpretation. The FCA and the PRA alone employ around 6,500 staff at a cost of £1.1 billion. This results in an ever-rolling stream of consultation documents, regulatory changes and compliance advice which firms are expected to follow, communicated sometimes informally through speeches by senior regulators and letters to CEOs. My committee receives notice of these every week and it is frankly overwhelming. The regulators lack clear focus and appear to be still haunted by the 2008 financial crisis. This leads to excessive caution, sluggish approvals, high compliance costs and endless red tape. There is an urgent need for the FCA and PRA senior leadership to drive cultural change. This change should emphasise a more tailored and proportional approach to the risks posed by regulated firms, a culture of continual operational improvement and innovation, and a more transparent and trusting relationship with the businesses they regulate. An approach is needed which embraces technology and streamlines compliance for fintech and AI-driven firms. The skills and quality of staff are vitally important and that means addressing remuneration. A revolving door sees regulators losing some of their most talented people, recruited to advise the companies they once regulated at substantially higher salaries. We were surprised by the difference in candour between the evidence we received from the industry in public and the views expressed to us privately. We were obliged to take evidence in private in order to get many firms to share their concerns. At one meeting I attended, a CEO read out his brief from his compliance department which said that if Lord Forsyth invited him to give evidence to his committee under no circumstances should he agree to do so. This is not a healthy situation and there needs to be a much more open and trusting relationship between the regulators and the firms they regulate. In a competitive market, speed matters. Yet firms say UK regulators are lagging behind international rivals when it comes to authorising new products, people and operations. While official stats suggest improvements, they take too long and many say those numbers are misleading: they exclude the time regulators 'stop the clock' to request more data. If launching a new fintech product takes six months longer in London than in Singapore, investors and innovators will simply go elsewhere. We heard many positive reports of the success of the concierge approach of the Singapore regulator, which involved helping firms to grow and comply with regulatory provisions. Our regulators have much to learn from this approach. The Chancellor has placed a great deal of faith in the regulators stimulating economic growth. Our report makes one thing clear: the regulators can't do this alone. The Government must step up. That means clearer economic goals, better use of statutory guidance and more robust performance tracking. Right now, metrics are focused on operational inputs, not outcomes. Without stronger leadership from HM Treasury and without aligning regulators, industry and Parliament, the growth and competitiveness objectives will be little more than political window dressing.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store