No 10 says Donald Trump’s tariffs not responsible for UK economy shrinking March 14, 2025 Donald Trump’s tariffs are not responsible for the UK economy shrinking in January, Downing Street has said, in a position that appears to contradict the Chancellor’s reaction to the latest poor economic figures. According to the latest set of gross domestic product (GDP) figures published by the Office for National Statistics (ONS), the economy shrank [...]
Ed Miliband in China for climate meetings amid new investment approach March 14, 2025 Energy secretary Ed Miliband is in China for climate meetings in a bid to restart the government’s environmental dialogue with the Asian nation. The energy security and net zero secretary will meet Chinese counterparts Wang Hongzhi and Huang Runqiu to pursue efforts to work jointly to slash emissions, the government said. It marks the first [...]
BT boss and Ella’s Kitchen founder join new board of trade March 14, 2025 BT chief executive Allison Kirkby and Ella’s Kitchen founder Paul Lindley are among the government’s appointments to the newly revamped board of trade. The Department for Business and Trade (DBT) has unveiled the new expert panel, which will aim to advocate for their sectors and help businesses, including the UK’s small and medium-sized enterprises (SMEs), [...]
Tech secretary Peter Kyle asks ChatGPT about UK businesses, AI and podcasts March 14, 2025 The UK’s technology secretary Peter Kyle has asked ChatGPT questions about UK businesses, artificial intelligence (AI) and even what podcasts he should appear on. A Freedom of Information (FoI) request submitted by the New Scientist magazine revealed Kyle, who leads the Department of Science, Innovation and Technology (DSIT) has been making regular use of the [...]
Jonathan Reynolds apologises to Parliament for ‘solicitor’ claim March 13, 2025 Jonathan Reynolds has apologised to the House of Commons and corrected the record over “inadvertently” claiming to have been a solicitor during a speech in 2014. The business and trade secretary said he should have made clear that he was a trainee solicitor when speaking during a debate on high speed rail. The term “solicitor” [...]
Steel tariffs: US trade policy under Trump ‘challenging’, Reynolds admits March 13, 2025 The US tariff policy under President Donald Trump is proving “challenging” for Britain, the business and trade secretary has admitted. Jonathan Reynolds is in discussions with his US counterparts over Trump’s new 25 per cent tariff regime on steel and aluminium imports – but has not secured an exemption for the UK. It comes after [...]
Week in Business: Will Starmer Slash the State? March 13, 2025 Javier Milei, Elon Musk, and now Keir Starmer? The PM says he wants to reform the state - just don't call it austerity.
Keir Starmer to scrap NHS England March 13, 2025 Sir Keir Starmer has announced plans to abolish NHS England and bring the health service under government control. Giving a speech on his plans for civil service reform today, the Prime Minister has confirmed he will scrap the “arms-length body” NHS England. Sir Keir said the decision will see the management of the health service [...]
Will Starmer’s chainsaw be Black & Decker or Fisher Price? March 13, 2025 On Monday I used this column to ask who, if anyone, will have the courage to take a chainsaw to the British state. It’s an inelegant metaphor, but an effective one as Argentina’s Javier Milei and Elon Musk in the US revel in the process of hacking away at state infrastructure. Milei won his election [...]
Keir Starmer to pledge red tape rollback in bid to ‘reshape the state’ March 12, 2025 Sir Keir Starmer is expected to pledge to slash red tape for businesses in a bid to “reshape the state” of the UK amid what he will call a new “era of instability”. The Prime Minister is set to make an announcement on Thursday about his plans to reform the British state, cut regulation, and [...]