UK cement sector ‘at risk of cracking’ despite industrial strategy June 23, 2025 Production in the UK cement sector is rapidly declining, according to industry leaders, despite government efforts to slash high electricity prices as part of its industrial strategy published on Monday. Prime Minister Keir Starmer appealed to thousands of manufacturers across the country with plans to reduce energy bills by 25 per cent from 2027 after [...]
Industrial Strategy: Labour to turn City into ‘most innovative financial centre’ June 23, 2025 Labour has vowed to turn the Square Mile into “the world’s most innovative full-service financial centre” as the government laid out the key pillars of its much-anticipated industrial strategy. The policy document said the government would achieve the milestone by 2035, but was unclear about what the criteria were for hitting it or how it [...]
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 [...]
Keir Starmer accused of hypocrisy over Camden housing targets June 20, 2025 Keir Starmer has been accused of hypocrisy over low housebuilding targets in his own constituency amid a country-wide push to ‘get Britain building again’. Camden council, which falls within Starmer’s constituency of Holborn & St Pancras, has shrugged off the government’s targets for housebuilding this parliament and instead used figures set by the 2021 London [...]
Ministers set to cut industrial energy prices for British manufacturers June 20, 2025 The government plans to slash industrial energy prices for British manufacturers, enabling them to better compete with key European rivals. Ministers will unveil a multibillion pound package of taxpayer-funded support for the UK’s most energy intensive industries, as part of the government’s industrial strategy on Monday, according to reports. Proposals to make energy prices more [...]
Absence of defence spending plan ‘entirely unsatisfactory’ June 20, 2025 The government has been “entirely unsatisfactory” in failing to assess whether their defence spending plans are affordable, a group of senior MPs has said, in a damning assessment of ministers’ transparency. The row comes amid concerns spending on the nuclear deterrent would be higher than first assumed. Prime Minister Keir Starmer said the government would [...]
The Capitalist: Sexiest Politicians of 2025 List yields shock result June 19, 2025 The sexiest politicians of 2025, Jensen Huang and a day at the races; catch up on the latest gossip in The Capitalist.
Rumours of the dollar’s demise have been greatly exaggerated June 19, 2025 We are in the thick of global summitry, rolling from the G7 in Canada towards the NATO meeting in The Hague next week. President Trump is conducting foreign policy via social media, the prime ministers of the UK and Canada are having a pint in the pub and the French President is making stopovers in [...]
Housing for servicepeople should be ‘defence policy priority’, Tories say June 18, 2025 Housing for servicepeople should be a “defence policy priority”, the Conservatives have said as they unveiled their new defence strategy. On Friday, Iran launched an attack on Israel in retaliation to Israel’s strikes on Iranian nuclear facilities. US President Donald Trump has refused to rule out US involvement, with the caveat that he is “not [...]
Secure Trust Bank taps Labour donor tied to cronyism scandal as new boss June 17, 2025 An ex-Treasury director who was at the heart of Labour’s “cronyism” scandal has been tapped to take the helm at specialist lender Secure Trust Bank. Ian Corfield, who also spent nearly a decade as chief commercial officer of New Day, will replace retiring chief executive David McReadie. Corfield stepped down from his civil servant role [...]