The 10 biggest business stories on Monday December 7

UK manufacturing outlook darkens; Plans to build the City’s tallest skyscraper unveiled; The US company that owns Cadbury UK is not paying corporate tax in Britain

Mondelez International, formerly known as Kraft Foods, has lawfully avoided paying tens of millions of pounds in corporation tax since it acquired the chocolate manufacturer for £11.5bn five years ago (Getty)

1. The outlook for British manufacturing next year has darkened, with output and new orders deteriorating at rates not seen since 2009, according to an industry survey on Monday that warned of slowing growth both at home and abroad.

2. High street retailers are expected to face further pressure as they process the business rate change they will face in the next couple of years. Retail centres in London and the South East are expected to suffer high rates, according to a report by commercial property agency Colliers International.

3. House prices in London’s City fringe have surged since the crisis to outperform the wider London market, new research shows, thanks to the booming popularity of areas such as Shoreditch, Clerkenwell and Wapping to live as well as work, City A.M. reports.

4. Plans to build the City’s tallest skyscraper and London's second highest building – rivalled only by the Shard – have been unveiled today.

5. Anger over Britain’s tax rules has erupted after it emerged that the American giant that swallowed up Cadbury is not paying UK corporation tax.

6. British outsourcing firm Serco said on Monday it expected revenue and trading profit to fall in 2016, due to the sale of its offshore call centre business and a number of lost contract.

7. Citic Securities said it has been unable to contact two executives, adding to deepening turmoil at a brokerage that is being investigated amid a government probe into China’s stock-market rout.

8. Fifty individual shareholders of Toshiba sued the Japanese conglomerate in Tokyo on Monday, seeking 301.99 million yen ($2.45 million) in damages after the firm's stock plunged in the wake of a multi-billion dollar accounting scandal.

9. Prime Minister Malcolm Turnbull on Monday unveiled a A$1.1 billion ($806 million) package to boost innovation in Australia, using his first major economic policy statement since becoming leader to map out a pathway beyond the country's fading resources boom.

10. The president of one of China's "big four" state-owned banks has resigned for personal reasons, the Agricultural Bank of China said, after reports he had been taken away in a corruption investigation.