All the updated news related to Department of Business

All the news related to Department of Business updated in real time

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Government announces £375m package to support new energy strategy

A multimillion-pound package has been announced to help support the “bold plans” of the Government’s new energy strategy. Business and Energy Secretary Kwasi Kwarteng said the £375 million investment will “unlock the enormous potential” of hydrogen ...

08 Apr 2022 at 01:25

Labour proposes tax cut for businesses in ’emergency’ support package

Labour has proposed a package of “emergency” measures – including an immediate tax cut – to help ease the burden of rising costs on businesses. The party claims that, under its plans, a typical small factory or workshop would save £2,700, a pub ...

02 Apr 2022 at 23:25

Universities should not carry out ‘blanket academic boycotts’ of Russia

Universities should not carry out blanket boycotts of Russian academics over the invasion of Ukraine, a leading sector body has said. Universities UK (UUK), which represents 140 universities across the United Kingdom, said in a statement on ...

03 Mar 2022 at 16:25

Charles ‘interested’ in Tory leadership contest, Business Secretary says

Business Secretary Kwasi Kwarteng claimed “even the Prince of Wales is interested” in the Tory leadership election as he mingled at a drinks reception at Buckingham Palace. Mr Kwarteng was attending the event hosted by Charles for ...

13 Jul 2022 at 00:05

Business Secretary says building nuclear power plants may increase energy bills

The Business Secretary has said the Government’s nuclear power push may initially increase energy bills. Kwasi Kwarteng said the plan to build new power plants as part of a new energy strategy may have a “small effect” on bills. ...

13 May 2022 at 06:55

Government is failing to lead on cutting carbon emissions, say MPs

The Government has been accused by MPs of failing to give an effective lead on cutting damaging greenhouse gas emissions, despite having set a legally binding target of net zero emissions by 2050. The Commons Public Accounts ...

02 Nov 2022 at 02:00

More than £8 billion of bounce back loans in arrears, new figures show

Businesses are either in arrears or have defaulted on £8.4 billion of Government-backed Covid loans according to new figures released on Monday. New numbers from the Department for Business, Energy & Industrial Strategy ...

05 Sept 2022 at 19:07

Spymasters rapped by MPs for lack of accountability

Britain’s intelligence agencies have been rebuked for failing to provide information on time to the parliamentary watchdog overseeing their work. The Intelligence and Security Committee (ISC) – made up of senior MPs ...

13 Dec 2022 at 13:36

Sunak set for mini-reshuffle to replace Zahawi

Rishi Sunak is set to reshuffle his Cabinet with the appointment of a new Conservative Party chairman and the possibility of reforms to Whitehall departments. The Prime Minister is expected to announce a ...

07 Feb 2023 at 08:29

UK should drop Gulf trade deal if rights concerns not addressed, say MPs

The UK should be willing to walk away from trade negotiations with Gulf states rather than accept an agreement that fails to address human rights and environmental concerns, MPs have said. A report from ...

26 Apr 2023 at 00:01

Law firm awarded £4m contract to help with Brexit ‘bonfire’ plans

Ministers are spending £4 million to hire a private law firm to help deliver on the promised “bonfire” of 4,000 EU-era laws. The Department of Business and Trade has hired lawyers from one of the ...

07 May 2023 at 11:00

Economic bias towards London and South East remains baked into system, say MPs

The Government is not doing enough to encourage foreign investment into areas of the UK outside London and the South East, MPs have warned. An economic bias remains “baked into” the system, ...

09 Jun 2023 at 00:01

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