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UK Infrastructure Bank has £5bn pipeline after investments kick off

The UK Infrastructure Bank has a pipeline of future deals worth £5 billion, according to the National Audit Office (NAO). A report by the NAO said the state-owned bank, which was set up last June to support economic growth in regional sectors across ...

01 Jul 2022 at 01:01

Reeves pledges end of instability as she announces new National Wealth Fund

British economic instability has ended and the new Government is bringing investment and jobs back to Britain, the Chancellor has said. In a speech closing Monday’s International Investment Summit, Rachel Reeves told the world’s biggest businesses ...

14 Oct 2024 at 16:30

Reeves warns of ‘difficult decisions’ on tax ahead of Budget

Rachel Reeves warned her Budget on October 30 would be “tough” as she gave the clearest signal yet that businesses will face a hike in national insurance. The Chancellor stressed that Labour manifesto’s commitment not to increase national ...

14 Oct 2024 at 21:46

City

Cornish lithium mine gets £54 million in new backing

The new UK Infrastructure Bank has invested around £24 million into a project to build a new lithium mine in Cornwall, injecting vital cash into the project. Cornish Lithium said that it had raised 67 million US dollars (£53.6 million) ...

08 Aug 2023 at 15:29

Labour powers ahead with plans to turn UK into ‘clean energy superpower’

Labour’s plans to turn the UK into a “clean energy superpower” have been set out in the King’s Speech, with Bills to fund and support the development of renewables. As the party promised before it won power, there will be a Bill to ...

17 Jul 2024 at 13:58

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