Support the Guardian

Fund independent journalism with £5 per month

Business Today
Business live
Sam Altman ‘looking forward’ to return to OpenAI; Jeremy Hunt expected to cut taxes
Live  
Sam Altman ‘looking forward’ to return to OpenAI; Jeremy Hunt expected to cut taxes
Rolling coverage of the latest economic and financial news
Headlines
Autumn statement  
Jeremy Hunt looks to cut UK taxes and ‘turbo-charge growth’
Jeremy Hunt looks to cut UK taxes and ‘turbo-charge growth’
From tax to debt  
The five key issues that underpin the autumn statement
David Cameron  
HMRC examines whether ex-PM failed to fully disclose Greensill private flights as taxable perks
Wimbledon  
Expansion plans rejected by Wandsworth council
Binance  
Crypto company Binance admits to money laundering and agrees to pay $4.3bn
Global tax rules  
Push to give UN more say likely to stumble at vote
Toyota  
SUV adverts banned in UK on environmental grounds
Employment tribunals  
Seasonal cherrypicker from Chile files unfair dismissal claim against UK farm
Hong Kong  
Land sales wobble, exposing cracks in city’s finances
Wages  
Gender pay gap for UK women aged 40 and over ‘will not close till they are pensioners’
Pay  
National living wage to rise by almost 10% to £11.44 an hour
Brexit  
Referendum fallout has ‘chilled’ business investment, says Bank of England deputy governor
Fiji  
Island may partner with China to upgrade ports and shipyards, PM Rabuka says
Palantir’s Peter Thiel  
NHS is a natural target for outspoken tech billionaire
Today's agenda
Sam Altman, who was ousted as OpenAI’s chief last Friday, is now poised to return to run the company.

Altman’s return follows a staff revolt, with hundreds of OpenAI’s staff threatening to move to the major investor Microsoft, which had offered Altman a new position running its artificial intelligence division.

OpenAI has also agreed in principle to partly reconstitute the board of directors that had dismissed Altman. The former Salesforce co-CEO Bret Taylor and the former US Treasury secretary Larry Summers will join the Quora CEO Adam D’Angelo on the board.

In a post on X (formerly Twitter), OpenAI said: "We are collaborating to figure out the details. Thank you so much for your patience through this."

Altman has posted that he is looking forward to returning to OpenAI. He said he loves the company, and wants to build on its “strong partnership with Microsoft”.

Satya Nadella, the chief executive of Microsoft, said he is encouraged by the shake-up of OpenAI’s board.

A year is a long time at the Treasury. A year ago, Jeremy Hunt was announcing a punishing package of £30bn of delayed spending cuts and £25bn of backdated tax increases, as he tried to mend the damage from the calamatious mini-budget a few weeks before.

Today, though, Hunt will give another autumn statement, and this time he is expected to announce cuts to national insurance, benefiting millions of workers.

There is also likely to be a splurge of help for companies, with predictions of more than 100 business-friendly measures. That could include extending the temporary “full expensing” system that lets companies offset investment from their tax bills.

Hunt’s message is expected to be that the government wants to “turbo-charge” growth.

He does have more fiscal firepower, as borrowing so far this financial year is almost £17bn below expectations.

The agenda
• 11am GMT: CBI’s industrial trends survey of UK manufacturing
• 12.30pm GMT: Jeremy Hunt announces autumn statement
• 1.30pm GMT: US weekly jobless claims figures, and durable goods orders
• 2.30pm GMT: Office for Budget Responsibility holds economic and fiscal outlook press briefing
• 3pm GMT: University of Michigan’s survey of US consumer confidence

We’ll be tracking all the main events throughout the day ...
Opinion
Analysis  
What to expect in the autumn statement 2023
What to expect in the autumn statement 2023
 
Guardian Weekly

Black Friday Offer: 1/3 off annual subscription

Seize the chance to get engrossed in world news for a lot less. For a third off the asking price, you’ll reap all the benefits of one compact weekly magazine that’s brimming with handpicked articles from the Guardian and Observer.

 
Media
Telegraph Media Group  
Sale paused as consortium pledges to repay Barclay debts
Sale paused as consortium pledges to repay Barclay debts
James Dyson  
Inventor tells libel trial Daily Mirror article was a distressing ‘personal attack’
Spotlight
The travel boss exposing the truth about the industry’s sustainability
‘Carbon offsets are not credible’  
The travel boss exposing the truth about the industry’s sustainability
Darrell Wade, the chair of low-impact Intrepid Travel, has been confronting his industry on its need to change for the climate’s sake
Popular on business
‘Breakthrough battery’ from Sweden may cut dependency on China
‘Breakthrough battery’ from Sweden may cut dependency on China
Brexit has ‘chilled’ business investment, says Bank of England deputy governor
Blow to gig economy workers after UK supreme court rules against collective bargaining rights
Do electric cars pose a greater fire risk than petrol or diesel vehicles?
Bank of England warns markets are underestimating inflation risks – as it happened
Get in touch
If you have any questions or comments about any of our newsletters please email newsletters@theguardian.com
 

… there is a good reason why people choose not to support the Guardian.

Not everyone can afford to pay for the news right now. That's why we choose to keep our coverage of Westminster and beyond, open for everyone to read. If this is you, please continue to read for free.

Over the past 13 years, our investigative journalism exposing the shortcomings of Tory rule – austerity, Brexit, partygate - has resulted in resignations, apologies and policy corrections. And with an election just round the corner, we won’t stop now. It’s crucial that we can all make informed decisions about who is best to lead the UK.

Here are three good reasons to choose to support us today.

1

Our quality, investigative journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2

We are independent and have no billionaire owner controlling what we do, so your money directly powers our reporting.

3

It doesn’t cost much, and takes less time than it took to read this message.

Choose to power the Guardian’s journalism for years to come, whether with a small sum or a larger one. If you can, make the choice to support us on a monthly basis from just £2. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

 
Manage your emails | Unsubscribe | Trouble viewing?
You are receiving this email because you are a subscriber to Business Today. Guardian News & Media Limited - a member of Guardian Media Group PLC. Registered Office: Kings Place, 90 York Way, London, N1 9GU. Registered in England No. 908396