Manufacturers fear Labour government will ‘derail growth’ July 1, 2025 Manufacturers continued to see output decline in June, fresh data has shown, as most business owners are now looking at how they can grow under the Labour government. The UK government last week unveiled its industrial strategy aimed at giving high-growth sectors such as advanced manufacturing confidence over the next ten years. But fresh research [...]
The Capitalist: Former tennis star serves a back-hander at Queen’s June 26, 2025 Summer parties, a City AM victory, and a former tennis star gets shady at Queen's; catch up on the latest gossip in The Capitalist.
Saving British Steel leaves taxpayers with £900m bill June 25, 2025 The government’s decision to take emergency control of British Steel is poised to cost the taxpayer just short of £1bn, according to initial government estimates, sparking warnings from opposition politicians that the Chancellor’s narrow fiscal headroom is in jeopardy. The Office for National Statistics (ONS) expects the public finances to suffer a £900m hit from [...]
Reynolds refuses to rule out further changes to ZEV mandate June 24, 2025 The business secretary has swerved calls from the automotive industry to rule out further changes to the controversial zero-emissions-vehicle mandate (ZEV mandate), saying he would continue to engage with industry to ensure it did not pose a threat to jobs or the uptake of electric vehicles (EVs). Jonathan Reynolds told the SMMT’s annual conference that [...]
Industry electricity costs for 7,000 businesses to be slashed by up to a quarter June 23, 2025 Electricity prices for 7,000 businesses in the UK are to be slashed by up to 25 per cent from 2027 as part of the government’s much-awaited Industrial Strategy. British manufacturers are facing the highest industrial electricity prices in the G7, with costs currently four times higher than those of the US and significantly higher than [...]
Iran cannot be allowed nuclear weapons, says Reynolds June 22, 2025 The UK would have preferred a diplomatic solution to the conflict between Israel and Iran, the Business Secretary Jonathan Reynolds has said. Reynolds told BBC’s Sunday with Laura Kuenssberg programme he could not “pretend that the prevention of Iran having a nuclear weapon is anything other than in the interests of this country,” but would [...]
UK business set to gain big from India trade deal, says minister June 19, 2025 UK firms in financial services, pharmaceuticals and education are poised to benefit from a long-awaited free trade agreement (FTA) with India, according to India’s minister of commerce and industry, Piyush Goyal, who described the two nations as “very complimentary” and “comfortable working with eachother”. Speaking at the India Global Forum in London on Wednesday, Goyal [...]
Jonathan Reynolds backs UK-India trade deal despite Tory tax backlash June 18, 2025 As the UK and India move into the final phase of negotiations on a landmark free trade agreement (FTA), business and trade secretary Jonathan Reynolds has doubled down on his support of the deal – despite mounting Conservative criticism over provisions relating to labour mobility and taxation. The UK-India FTA, concluded in principle on 6 [...]
UK aerospace sector to avoid tariffs as Trump-Starmer trade deal clinched June 17, 2025 Prime Minister Keir Starmer and President Donald Trump met on the sidelines of the G7 summit to agree a trade deal that will remove tariffs on the UK aerospace sector and save carmakers from facing aggressive taxes on exports. The pair of world leaders heaped praise on one another while the UK government said the [...]
Labour business conference with Reeves and Reynolds postponed following low demand June 4, 2025 Labour has put its £5,000-a-ticket business conference with planned appearances from Rachel Reeves and Jonathan Reynolds on ice, with the Financial Times reporting low demand for the enterprise event. Invitations to the event, seen by the FT, had touted a “first of its kind” agenda which would give industry figures a “unique opportunity to engage [...]