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YOU WONT BELIEVE: 5 - What They Never Told You

Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed

The Independent UK

Pre-Budget jitters blamed for surprise contraction in economy

Official figures showed the UK economy shrank for the second month running in October, contracting by 0.1% following a 0.1% decline in September.

Evening Standard

UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves

Economy contracted by 0.1 per cent in October, according to the Office for National Statistics

The Independent UK

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UK economy shrank unexpectedly before budget, data shows

GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover

The Guardian - UK

JLR recovery set to have lifted economy in October despite pre-Budget nerves

Official figures will show estimates for UK gross domestic product (GDP) on December 12.

Evening Standard

JLR has reportedly axed the man behind the new Jaguar, but it’s a decision that may come back to haunt it

OPINION: If I ran an automotive business, I’d hire Gerry McGovern in a flash. His departure will already have Chinese car company bosses looking up his number, says Steve Fowler

The Independent UK

It’s under fire from left and right – but Labour’s workers’ rights bill is a huge achievement

It makes no sense for union leaders to cry betrayal when it will be their members who benefit from these sorely needed reforms, says Guardian columnist Polly Toynbee

The Guardian - UK

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Motability scheme to drop BMW and Mercedes as it aims to buy UK-made cars

Rachel Reeves says changes to subsidised scheme for disabled drivers will help support thousands of jobs

The Guardian - UK

Jaguar Land Rover slides to loss of almost £500m after cyber-attack

Carmaker reports £196m of exceptional direct costs in addressing hack as it returns to full output

The Guardian - UK

The staggering cost of cyber attack on Jaguar Land Rover revealed

IN FULL

The Independent UK

Jaguar Land Rover plunges to loss after heavy cyber attack costs

JLR booked £196 million of extra costs linked to the cyber attack and £42 million related to voluntary redundancies.

Evening Standard

Chancellor abandons planned income tax hike because of improved forecasts

The PA news agency understands the strength of tax receipts has improved the numbers from the OBR, allowing for the U-turn.

The Independent UK

Jaguar Land Rover cyber attack cost company nearly £200m

The incident halted the car firm’s production in September for five weeks

The Independent UK

Bleak data out of Britain: Is the UK once again the sick man of Europe?

The label once used to describe the UK’s industrial decline in the 1970s is echoing anew as fresh data show the economy slipping into reverse. A 0.1% contraction in September and weak quarterly growth have revived doubts about Britain’s economic vitality amid global trade headwinds.

Euronews

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The Guardian - UK

UK economy grew by just 0.1% in third quarter after hit from JLR cyber-attack

Figure undershoots forecasts, with Jaguar Land Rover hack helping to pull September GDP down by 0.1%

The Guardian - UK

Jaguar Land Rover restart helps UK factories return to growth

S&P Global purchasing managers’ index rises to one-year high amid pick-up in consumer spending

Evening Standard

Manufacturing production increases after JLR factory restart

Manufacturers also pointed towards subdued UK demand amid caution ahead of the autumn budget.

International Business Times UK

Tech Expert Claims Russia Behind Major UK Cyber Attack, Using Gaza Conflict as 'Cover'

Cloudflare's CEO warns Russia is behind crippling cyber attacks on Heathrow, Jaguar Land Rover and M&S, using the Gaza conflict as a smokescreen to strike UK infrastructure and businesses.

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Evening Standard

Ministers urged to speed up support for UK car industry amid rising energy costs

TUC general secretary Paul Nowak said ‘sky-high’ energy costs put UK car manufacturers at risk of losing out to competition from abroad.

Evening Standard

UK business activity improves as manufacturing returns to growth

The S&P Global flash UK composite purchasing managers’ index reported a reading of 51.1 in October, rising from 50.1 in September.

Benzinga

Sonic Automotive Warns Of Tariff Uncertainty Even As Sales Hit Record Highs

Sonic Automotive, Inc. (NYSE:SAH) announced its third-quarter results on Thursday before the market opened, missing earnings estimates but surpassing revenue expectations.

Tom’s Hardware

Catastrophic Jaguar Land Rover cyberattack to cost UK economy at least $2.5 billion, according to estimates — 5,000 independent organizations decimated by supply chain fallout

The hack of British car manufacturer, Jaguar Land Rover, has cost the UK economy as much as $2.5 billion, affecting more than 5,000 organizations as the breach brought the company and its entire supply chain to their knees.

The Guardian - UK

Jaguar Land Rover hack has cost UK economy £1.9bn, experts say

Cybersecurity body says more than 5,000 organisations affected in most costly cyber-attack to hit Britain

TechRadar

Jaguar Land Rover cyberattack could be the costliest in UK history

JLR’s cyberattack cost an estimated £1.9 billion, with the UK government pledging £1.5 billion in loan support.

The Independent UK

Cost of Jaguar Land Rover cyber attack revealed

IN FULL

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People

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