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      British tycoons raise the alarm over state of UK economy

      Manchester United minority owner Sir Jim Ratcliffe’s Ineos has announced a “significant strategic investment” into premium apparel brand Castore.

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industrial energy costs

  • Burnham will fail unless he pivots on net zero

    Opinion

    Andy Burnham can’t reindistrialise, create jobs or drive down the cost of living while remaining committed to decarbonisation at any cost, says Joseph Dinnage Andy Burnham has promised a political revolution. Through his programme of devolution, the Prime Minister will apparently create new jobs, reindustrialise Britain and preside over new housing. Very laudable. Though he [...]

    Miatta Fahnbulleh speaking at a conference podium with a backdrop of international flags and an attentive audience
  • Government nationalises British Steel

    Industrials

    The government has brought British Steel under state ownership after the steelmaker’s nationalisation passed a public interest test. The Prime Minister said the move “secured the future of British steelmaking”, and follows the introduction of fresh legislation that made it easier for ministers to forcefully nationalise steel companies. Scunthorpe-based British Steel has appointed a revamped [...]

    Britains steel industry facing challenges with potential shutdowns and job losses, highlighting economic impact.
  • Manufacturing woes deepen as output falls again

    Economics

    The struggles afflicting Britain’s ailing manufacturing sector show no sign of reversing according to a closely watched poll, with industry participants reporting output volumes and order books had both continued to fall. According to the latest CBI industrial trends survey, production from the UK manufacturing sector fell by a weighted balance of 14 per cent [...]

    Maria Grazia Devino, UK managing director, warned the carmaker would make a decision in "less than a year" on the future of its plants.

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