‘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’re unlocking the potential of British industry by slashing industrial electricity prices in key sectors. Continue reading...

Comments

Business News

China facing oil squeeze if Tehran shuts Strait of Hormuz choke point

washington times

Comments

Similar News

HMRC alert as high earners to be hit harder

IMF chief warns of broader risks from US strikes on Iran, after oil hits five-month high – business live

I'm a 17-year-old founder and CEO. It can be hard to juggle high school and a successful business, but it's worth it.

How 5,600 high rollers switched current accounts with £100,000 in the bank

From Elon Musk to Mark Zuckerberg, these are the high-profile billionaires who have founded schools

Enhypen Reaches New Career Highs With Its Latest Era

Why are UK industrial electricity prices so high - and what can be done about it?

Beyoncé’s First Solo Smash Reaches A Never-Before-Seen High

UK interest rates kept on hold with Bank alert to ‘highly unpredictable’ world

High-value deals, defense industry drama dominate Paris Air Show

Microsoft prepared to walk away from high-stakes talks with OpenAI: report

New Owner for High Times Magazine Bets on a Counterculture Comeback

HS2: 16 years of high hopes, bruising reality and burgeoning costs

Former high street stalwart Maplin makes a comeback seven years after its collapse

Santander approaches TSB-owner about high street banking merger

At 14, I chose a high school based on my interests at the time. I regretted it for years.

Susanna Reid wows in 'classy' high street dress that's still available to shop

Fed Meeting Starts Today: Interest Rate Cut Highly Unlikely, But This Is What Could Still Move Markets

I founded a business that makes high-end play kitchens. I was told no one would pay for them, but now I run a million-dollar company.

I quit my high-paying product management job to become a full-time artist. My tech skills have helped my business soar.

Business News

China facing oil squeeze if Tehran shuts Strait of Hormuz choke point

US strikes on Iran add to global travel disruptions and flight cancellations

State Pensioners getting £227 from DWP in extra £150 boost

Premium Bonds prize fund rate will be cut from August, NS&I announces

Israel-Iran ceasefire hopes drive down oil and gas costs

Canada’s May inflation data set for release. What to expect

Simple attendance Allowance mistake could lead to loss of more than £5000 a year

British tourist goes to Spanish supermarket and can't get over the prices

DWP giving people of state pension age with back pain up to £441 every month

Alex Jones wows on The One Show with a slimming high-street illusion midi dress

My wife's new higher salary has made me depressed and less confident. What can I do? VICKY REYNAL answers

SThree shares soar as US contractor demand slows global hiring slump

Saga set to launch an over 50s savings account as it finalises tie-up with NatWest

Lidl recalls air fryer over potential ‘fire hazard’

Premium Bonds prize fund rate will be cut from August, NS&I announces

Governors of Western states give mixed reactions to proposed federal land sell-off

Cambodia accuses Thailand of escalating tensions with new land crossing restrictions

Santander set to cut opening hours of 36 branches next week - full list

HMRC issues warning to these workers as they're told ‘it’s your responsibility’

Thousands more DWP claimants could lose PIP than government expects, report finds

NS&I announces major change to Premium Bonds prize fund rate - what it means for you

Thousands calling for State Pension to rise to £22,000 due to 'distressing discrepancy'

How Wall Street hedge funds are gambling millions on Eaton fire insurance claims

Channel migrants working as delivery drivers within hours of arriving – report

Bank rate-setter in ‘uncomfortable place’ amid worries over stubborn inflation

Car makers call for planned easing of electricity costs to go further

More than 100 MPs threaten to halt welfare reforms in PM’s biggest rebellion

Martin Lewis says anyone with mobile should 'send text' and 'pretend that you're leaving'

Collagen supplement slashed from £33 to £10 that ‘improves skin tenfold’ within two weeks

'I bought breakfast, lunch and dinner in Thailand and price left me floored'

NS&I announces Premium Bonds change affecting millions of savers

Pensioners urged to check eligibility for DWP top-up benefit worth averagely £4,300

Boden’s ‘smart-looking’ linen trousers that ‘fit perfectly’ are reduced by £40 in summer sale

'I tried a Too Good To Go bag from Harrods and contents left me flabbergasted'

'I paid £2 for board game at charity shop and true value left me floored'

Premium Bond prize fund rate slashed again by NS&I - should you ditch yours?

Rachel Reeves nightmare as 16,500 of UK richest people abandon Britain

Taxpayers face £90,000 'burden' as WASPI campaign secures legal win

Thousands hit with eye-watering bills for accessing retirement pots

Bank launches new current account paying customers up to £256 per year

New plans to redevelop Buchanan Galleries revealed

Bunzl set for stronger revenues after acquisition deals

UK oil and gas industry welcomes talk of ceasefire in Middle East

Smith & Williamson tables bid for deals unit of investment bank Cavendish

NatWest exec Holbourn leads race to run National Wealth Fund

Special tariff can drop broadband bills to under £20 - how to check if you qualify

River Island shutting popular store this weekend as 33 more branches set to go

Ninja cool box that’s perfect for festivals and keeps things chilled for five days now has £70 off

Abbey Clancy's 'perfect' Glastonbury Tesco dress looks 'absolutely gorgeous'

Disney On Ice returns with Moana, Frozen and more and tickets cost £40

LadBible publisher faces £2m hit from dollar woes amid US expansion

Bunzl set for stronger revenues after acquisition deals

Oil price falls back on Israel-Iran ceasefire

A former DreamWorks president just raised $11.6M to build franchises using AI

Meta's largest AI competitors are fighting for users inside its most popular chatbot app: WhatsApp

Check out the exclusive pitch deck defense tech startup Onebrief used to raise new cash at a $1.1 billion valuation

We should all know a lot less about our coworkers