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UK Telecoms Face Cost Crisis, Job Cuts Loom

9/26/2025

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Summary

Story summary

BT's Allison Kirkby says UK telecoms cost up to 10× peers in Germany and the Netherlands.
She warns November budget could challenge Chancellor Rachel Reeves over a £20bn gap.
BT plans to cut staff from 130,000 to 75,000–90,000 by 2030 to cut costs.
Eli Lilly's CEO says the UK is Europe's worst for drug prices, risking nearly £2bn in investments.

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Story summary

BT's Allison Kirkby says UK telecoms cost up to 10× peers in Germany and the Netherlands.
She warns November budget could challenge Chancellor Rachel Reeves over a £20bn gap.
BT plans to cut staff from 130,000 to 75,000–90,000 by 2030 to cut costs.
Eli Lilly's CEO says the UK is Europe's worst for drug prices, risking nearly £2bn in investments.