The UK government will demand that jobs are saved at Tata’s steelworks in Port Talbot, Wales, in exchange for state support for the industry, new Business Secretary Jonathan Reynolds said. Reynolds – in the job for less than two days after the Labour Party’s landslide win in Thursday’s general election, – told the BBC on...
Tag: UK government
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2,500 job cuts inevitable in Tata Steel’s UK operations: CEO Narendran
3 min read Last Updated : Jun 02 2024 | 11:45 AM IST Loss of jobs for around 2,500 workers at Tata Steel’s operations in the UK, which are in a transition phase, is “inevitable”, the company’s CEO T V Narendran said. Fear of job losses has attracted criticism of the workers’ unions...
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Tata Steel CEO Narendran says want to move fast on UK decarbonisation
T V Narendran, managing director and chief executive officer, Tata Steel 2 min read Last Updated : May 30 2024 | 8:00 PM IST Tata Steel wants to accelerate efforts towards decarbonisation in Britain, its chief executive said on Thursday, in the backdrop of trade unions voting to strike against the company’s plans to...
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UK shop price inflation falls
image: @sergeyryzhov | iStock Shop price inflation in the UK has reduced to its lowest level since November 2021, driven by significant price cuts on big-ticket items like furniture and TVs This comes as households continue to tighten their spending with the ongoing cost of living pressures and poor weather conditions. Deflation in the UK...
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UK govt borrows more than expected in April, posing challenge for PM Sunak
3 min read Last Updated : May 22 2024 | 12:43 PM IST British public sector borrowing was higher than expected in April, underscoring the challenge facing Prime Minister Rishi Sunak and finance minister Jeremy Hunt who have said they want to cut taxes further as they face an election this year. ...
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British newspaper groups warn Apple over ad-blocking plans, says report
NMA has called for a meeting between publishers and Apple to discuss the potential implications of the web eraser, according to the report. Photo: Bloomberg 2 min read Last Updated : May 12 2024 | 10:43 PM IST British newspaper groups have warned Apple that any move to impose a so-called “web eraser” tool...