50 m. ago ‘High energy costs have held back businesses’, says Miliband as government announces industrial strategy – UK politics live

Prime minister says 10-year industrial strategy marks ‘turning point for economy’ as energy secretary says government will cut electricity costs for businessesBy the way, if you actually wanted to read the Modern Industrial Strategy document published by the government today, you can find it here.The government has just pushed out a joint statement from business leaders welcoming it, which says:The Industrial Strategy launched today marks a significant step forward and a valuable opportunity for the business community to rally behind a new vision for the UK – boosting confidence, sentiment, and enthusiasm for investment.From start-ups and small businesses to large corporates, businesses need a more attractive, stable environment that enables faster, easier, and more certain investment decisions.For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.As part of our modern industrial strategy we’r...

Politics

1 hour ago British Business Bank invests in entrepreneurs in £6.6bn funding commitment

The UK Government’s development bank has revealed the investment plans as part of Sir Keir Starmer’s 10-year industrial strategy announcement.

Economics

3 h. ago Energy costs to be cut for businesses in Wales in new industrial strategy

The electric arc steel furnace being built at Port Talbot steelworks is one of the businesses that will be benefit

Economics

12 h. ago Energy prices cut for business as part of UK industrial strategy

Sectors including automotive, aerospace and chemicals will be exempt from paying green levies on electricity bills

Economics

12 h. ago Energy bills could be cut by up to 25% for thousands of UK businesses

The plan forms a key part of Sir Keir Starmer's 10-year industrial strategy

Economics

12 h. ago Electric bills for thousands of firms to be slashed under government plans

Keir Starmer is expected to launch the government's 10-year industrial strategy plan on Monday - with help for thousands of firms struggling with electricity bills

Politics

12 h. ago Energy costs to be cut for industry as Starmer seeks economic ‘turning point’

The Government’s industrial strategy includes measures to ease the ‘crippling’ costs of energy for UK manufacturers.

Economics

35 h. ago Starmer puts skills training at heart of industrial strategy plan

The decade-long industrial strategy will include £275 million in skills investment to train Britons to do jobs in growth industries.

Events

35 h. ago Labour industrial strategy's £275m skills boost 'backs young people in the whole country'

The long-awaited strategy will include a £275million boost to skills training for the one in seven young people out of work and education - backing British talent instead of importing workers from overseas

Events

60 h. ago Creative industries to get £380m boost ahead of industrial strategy launch

The investment was announced by Culture Secretary Lisa Nandy.

Economics

5 d. ago UK inflation to edge higher if oil prices push up energy costs, experts warn

Experts have said that inflation is set to remain elevated over the coming months, particularly if global oil prices continue to spike.

Economics

5 d. ago Martin Lewis says 'not great news' after latest energy price cap prediction

Martin Lewis has reacted to predictions that the Energy Price Cap will increase in October

Politics

6 d. ago Third of businesses planning further job cuts after national insurance hikes

Businesses have also suggested they will cut back hours, freeze pay and hike prices.

Politics

1 week ago No new money to help cut UK business’s energy costs in spending review

Talks on scheme failed to reach deal before Wednesday’s announcement

Economics

2 w. ago ECB cuts interest rates to 2% in effort to bolster flagging eurozone growth

European Central Bank makes eighth quarter-point cut in a year as bloc reels from impact of Trump’s trade warsBusiness live – latest updatesThe European Central Bank has cut interest rates to 2% in an effort to boost flagging economic growth across the eurozone.The ECB, making its eighth quarter-point cut in a year, said the 20-member currency bloc needed a reduction in the cost of borrowing as it reeled from the damage caused by Donald Trump’s trade wars. Continue reading...

Politics

2 w. ago Eurozone interest rate cut expected; Tesla’s UK sales fall by a third – business live

Rolling coverage of the latest economic and financial newsStock exchange dealt another blow as £12bn fintech ditches main London listingUK trade secretary Jonathan Reynolds has also called for reforms of the WTO, including changes to the much criticised dispute resolutions system which can also take years to settle disputes between trading nations.Reynolds told the European Policy Centre security conference in Brussels:“We do recognise that reforming and repositioning the WTO so that it can respond more effectively to the challenges of today is the only way to safeguard long term stability and growth tomorrow.“Our eyes are fixed on greater flexibility in decision making, greater openness in the east of plurilaterals and building a fully functioning dispute settlement system,”“the trees that survive the storms aren’t the tallest. They’re the ones whose roots are intertwined with their lives.“Just in the past two days, during the OECD trade ministerial [summit] the message was clear a...

Economics

2 w. ago Eurozone interest rate cut expected; Tesla’s UK sales drop by a third – business live

Rolling coverage of the latest economic and financial newsThe UK car market has returned to growth, new data shows, but sales of Teslas have fallen by a third.Overall car registrations rose by 1.6% in May, to 150,070 units, according to the Society of Motor Manufacturers and Traders (SMMT). That’s the strongest May for new car sales since 2021, but 18% below pre-Covid levels. Continue reading...

Economics

2 w. ago Eurozone interest rate cut expected; fintech Wise delivers blow to London stock market – business live

Rolling coverage of the latest economic and financial newsMay was the busiest month for UK house sales since March 2022, new data from Rightmove this morning shows.Across Great Britain, the number of sales agreed is now 6% ahead of the same period last year, Rightmove reports. But London is lagging, with sales just 1% higher than a year ago. Continue reading...

Economics

2 w. ago What does a comfortable retirement cost? New figures reveal how much YOU need

Lower energy prices have dampened the annual increase in what it costs to retire, comfortably or otherwise, according to a industry study of living standards.

Politics

2 w. ago Cost of ‘minimum retirement lifestyle’ has fallen amid lower energy prices

The changes are mainly due to reduced energy costs and some small spending adjustments by research participants, the PLSA said.

Economics