Reeves to bang the drum for British business on first international visit since taking office First female Chancellor to champion the importance of female leadership in economics and finance Chancellor of the Exchequer Rachel Reeves will today arrive in Rio de Janeiro, Brazil, to attend the G20 Finance Ministers and Central Bank Governors Meeting on...
Category: Bussiness
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Britain back open for business, Chancellor to tell G20
Reeves to bang the drum for British business on first international visit since taking office First female Chancellor to champion the importance of female leadership in economics and finance Chancellor of the Exchequer Rachel Reeves will today arrive in Rio de Janeiro, Brazil, to attend the G20 Finance Ministers and Central Bank Governors Meeting on...
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Chancellor to ‘bang drum for British business’ at G20 meeting in Brazil
Rachel Reeves has vowed to “bang the drum for British business” at the G20 in Brazil during her first international trip as Chancellor. She will arrive in Rio de Janeiro on Thursday to attend the G20 meeting of finance ministers and central bank governors. She will press business leaders to “take another look at Britain”...
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GB Energy: Labour teams with Crown Estate to boost wind energy
Getty Images British seabed owned by the Crown Estate will be used to help build windfarms in plans aimed at making the UK more self reliant for energy. It is the first big announcement by Great British Energy, Labour’s new publicly owned energy company. The firm’s aim is increase renewable energy projects, boosted by £8.3bn...
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King Charles in line for a cash boost after backing Labour’s new Great British Energy company
The King is in line for a cash boost after partnering with Labour’s new Great British Energy company. The unprecedented deal between the publicly owned firm – a key component of Labour’s election manifesto – and the Crown Estate could leverage £60billion of private investment into the UK’s energy infrastructure. Labour said the deal is...
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UK business activity expands in ‘encouraging start to second half of year’
UK business activity expanded this month after a sharp rise in new sales to a 15-month high, giving a lift to the new government as it prepares to outline the state of the public finances next week, according to a survey of private-sector firms. A fall in inflation across the services sector was also expected...
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UK business confidence and orders grow after Labour election win
(July 24): Britain’s private sector companies reported a surge in confidence, hiring and new orders after Labour’s landslide election victory, a sign the new government may enjoy stronger growth. S&P Global’s purchasing managers’ index (PMI) rose to 52.7 in July, up from 52.3 the previous month. It was a two-month high and slightly above economists’...
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Public must be onboard with ‘national mission’ for clean power, say experts
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Former Tory chancellor Zahawi plots £600m Telegraph bid
Nadhim Zahawi, the former Conservative chancellor, is assembling a £600m bid for The Daily Telegraph that could up-end the auction of some of Britain’s most influential media assets. Sky News has learnt that Mr Zahawi, who left parliament in May after opting not to stand again in his Stratford-on-Avon seat, has approached a number of...
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Houthis report US and British airstrikes on Hodeida in western Yemen
By Anthony Marcus, correspondent in Washington. Eurasia Business News, July 21, 2024. Article n°1102. Photo of the Israeli attack on the port in the Yemeni city of Hodeidah on July 20. US and British aircraft struck the province of Hodeida in western Yemen. Coalition aircraft carried out at least four strikes, reported the Al-Masirah TV channel, which...
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Homebase owner to launch sale amid interest from The Range
The owner of Homebase is in talks about selling the DIY retailer to one of Britain’s biggest general merchandise chains, as it prepares to launch a wider auction of the business it rescued six years ago. Sky News has learnt that Hilco Capital, which took control of an ailing Homebase in 2018, has had an...
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Retail sales slump by more than forecast in Great Britain amid poor weather
Retail sales in Great Britain slumped in June by more than forecast as cautious households reined in their spending amid poor weather, election uncertainty and the cost of living crisis. Figures from the Office for National Statistics (ONS) show retail sales volumes were estimated to have fallen by 1.2% in June, after a rise of...