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Department of Business and Trade

  • Exclusive: Jobs lost across Labour’s ‘growth potential’ sectors in blow to Burnham

    Politics

    In a blow to the government’s plans to boost employment, eight sectors previously identified as having high growth potential in Labour’s industrial strategy have suffered job losses, according to a report seen by Morning Wire. The so-called ‘IS-8’ sectors, which include life sciences, financial services and defence, were singled out by the UK government last [...]

    Jonathan Reynolds, Labour MP, in a suit and tie, holding a notebook, looking right, with a building behind him
  • IoD boss joins criticism of Peter Kyle’s U-turn on Audit reform

    Business

    The bosses of the Institute of Directors (IoD) and the Chartered Institute of Internal Auditors are among some City leaders hitting back against the government’s U-turn on the Audit Bill. In a scathing open letter to the Business Secretary, Peter Kyle, the leaders called the move “a significant step backwards, particularly after the commitment made [...]

    Peter Kyle speaking at a podium during a press conference, addressing current issues and developments
  • Greg Jackson: London IPO a ‘no brainer’ if capital flows reverse

    Energy

    Octopus chief Greg Jackson has said choosing London as the destination for the blockbuster IPO of tech spin-off Kraken would be a “no brainer” if the exchange maintains its world-leading performance in 2025 and demonstrates it can lure fresh capital into the UK. In the biggest signal yet that the firm may select London over [...]

    Greg Jackson, CEO of Octopus Energy, discussing renewable energy strategies at a business conference.

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