Peter Kyle touts US opportunities as OpenAI pauses UK investment Tech Business secretary Peter Kyle has insisted Britain’s economic ties with the US are strong despite political tensions, in what he dubbed a “really great economic set of opportunities” between the two countries. Speaking ahead of a major trade mission to California, Kyle was optimistic about transatlantic relations, despite rhetoric from Trump straining diplomatic ties. “The [...]
Criminal investigation launched into Mandelson’s Downing Street ‘leaks’ Politics A criminal investigation has been launched into Peter Mandelson, according to reports. The news comes after the scandal-hit politician decided to step down from the House of Lords following fresh pressure on the Labour veteran after the latest bombshell drop of the Epstein files. The Lord Speaker said on Tuesday afternoon Mandelson would exit the [...]
Mandelson to Epstein: JP Morgan should ‘threaten’ UK over banker tax Banking Lord Peter Mandelson told Jeffrey Epstein that the boss of banking giant JP Morgan should “mildly threaten” the UK Treasury over a tax on banker bonuses whilst the peer was serving as business secretary. New bombshell revelations in the latest drop of the Epstein files by the US Department of Justice showed Mandelson, who worked [...]
Labour to use tech to ‘shock’ UK economy into growth October 27, 2025 The UK’s Labour government is positioning deregulation and AI adoption as two key levers used to address its inherited ‘growth emergency’. Peter Kyle, business secretary and former tech secretary, recently doubled down on this strategy, articulating the dire need for the UK to aggressively “innovate its way out” of a low-growth cycle. “I’ve never known [...]
Peter Kyle: We will get rid of 25 per cent of regulation September 30, 2025 Business secretary Peter Kyle said there were “absurdities” across regulatory bodies for businesses as he vowed to cut burdens by 25 per cent. In a fringe event at the Labour party conference, Kyle struck a bold tone on the extent of red tape holding the UK economy back, adding that he was asked by Keir [...]
Labour planning rescue for Jaguar Land Rover after cyber attack September 27, 2025 The Labour government is set to announce an emergency rescue package for Jaguar Land Rover as soon as this weekend after the firm was driven into chaos following a cyber attack. Business secretary Peter Kyle has been in “intense conversations” with JLR and its parent company Tata after fears the knock-on effect of the hack [...]
New business secretary should put deregulation top of his agenda September 10, 2025 Peter Kyle becomes the tenth business secretary in as many years – he should go where his predecessors didn’t and genuinely cut red tape, says Joe Hill As Westminster calms down from a heady weekend of reshuffle-watching, new ministers will be getting to grips with their new briefs. It’s not an enviable task – when [...]
National Wealth Fund boss calls for public finance consolidation July 1, 2025 The boss of Labour’s National Wealth Fund has urged the government to remain open to consolidation of public finance institutions in a bid to ease confusion for the private sector. In a hearing on Tuesday, the chief executive of the National Wealth Fund (NWF) John Flint told MPs he would “encourage” the Treasury “not to [...]
Reynolds urged to quit over accusations he falsely claimed to be solicitor February 19, 2025 Business secretary Jonathan Reynolds is being urged to resign as a minister over accusations he falsely claimed to be a solicitor, despite only being a trainee. The cabinet minister – who is responsible for the UK’s businesses and international trade – has been criticised for describing himself as a solicitor before becoming an MP, despite [...]
Minister urges insurers to ‘swiftly resolve’ riot claims August 12, 2024 Insurers have been urged to “swiftly resolve” claims from businesses which suffered damage during the recent rioting.