UK cement sector ‘at risk of cracking’ despite industrial strategy June 23, 2025 Production in the UK cement sector is rapidly declining, according to industry leaders, despite government efforts to slash high electricity prices as part of its industrial strategy published on Monday. Prime Minister Keir Starmer appealed to thousands of manufacturers across the country with plans to reduce energy bills by 25 per cent from 2027 after [...]
Industrial Strategy: Labour to turn City into ‘most innovative financial centre’ June 23, 2025 Labour has vowed to turn the Square Mile into “the world’s most innovative full-service financial centre” as the government laid out the key pillars of its much-anticipated industrial strategy. The policy document said the government would achieve the milestone by 2035, but was unclear about what the criteria were for hitting it or how it [...]
Exclusive: Government admits fossil fuels use is cheaper than net zero technology June 19, 2025 The UK government has quietly admitted that using low-carbon technologies essential to the rapid drive to net zero are more expensive than when fossil fuels are used an energy source, Morning Wire can reveal. Labour ministers are expected to double down on expanding the use of green technologies to lower costs as the Treasury and [...]
The truth about infrastructure: investors need a return June 19, 2025 The government is set to unveil it’s 10-year infrastructure strategy. To make it a success, they must dial down the negative rhetoric – especially when it comes to water, says Jon Phillips The government has placed private investment at the heart of its growth mission. So, today’s 10-year infrastructure strategy – setting out the country’s [...]
Firms stumped up extra £29bn for ‘astronomical’ energy costs June 19, 2025 British industry has had to fork out an additional £29bn to fund rising energy costs over the past four years, a fresh analysis has shown, adding further weight to calls for government bring down energy prices for British firms when it publishes its industrial strategy. According to the Energy and Climate Intelligence Unit (ECIU), firms’ [...]
Reeves mulls taxpayer-funded subsidy to cut manufacturers’ energy costs June 8, 2025 Rachel Reeves is looking at plans for a £1bn taxpayer-funded annual subsidy to bring down the energy costs for manufacturers after warnings the UK faced “rapid deindustrialisation” without intervention. The Chancellor is facing mounting pressure to lower energy costs for industry with fears high prices are holding back investment opportunities and stifling the country’s competitiveness. [...]
Business Secretary can’t commit to lower energy costs in industrial strategy May 14, 2025 Business Secretary Jonathan Reynolds was unable to confirm whether the government’s upcoming industrial strategy will include a roadmap to lower industrial energy costs and help for businesses wrestling with high prices. Reynolds faced questions from MPs on the Business and Trade committee yesterday over whether he could guarantee lower costs for industry. He told the [...]
Rolls-Royce chair and Octopus founder named among industrial strategy panel December 17, 2024 Octopus founder Greg Jackson, Rolls-Royce chair Dame Anita Frew and former Tory business secretary Greg Clark are among the heavyweight names appointed to a new Industrial Strategy Advisory Council, launched by the government on Tuesday to help stimulate growth. The panel, which also includes private sector top dogs like Prudential chair Baroness Shriti Vadera and [...]
The government’s industrial strategy is overlooking logistics December 13, 2024 The government has identified eight high-growth industries for priority support but they all depend on the industrial logistics sector, says James Craddock The industrial strategy green paper is a welcome declaration of intent from the government to drive productivity and economic growth over the next decade. It also offers a crucial opportunity for businesses to [...]
The service sector is not to blame for Britain’s industrial decline November 28, 2024 With the government’s new industrial strategy set to be published next spring, there’s a real risk that nostalgia for our manufacturing past gets in the way of the sectors that really drive growth, says Sam Bidwell Political conversations about the British economy are often dominated by one depressing fact – nobody seems ready to celebrate [...]