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Sky News
Business Secretary requests Treasury support for industries hit by energy price hike
Kwasi Kwarteng has made a formal request to the Treasury for support to industries hit by high energy prices, Sky News understands.Sectors such as paper, steel and ceramics manufacturing had called for a price cap otherwise they said they may be forced to halt production, but talks with the government at the end of last …
Business
Sky News
Hundreds of jobs saved as Liberty Steel secures £50m cash injection
A £50m cash injection will enable Liberty Steel to restart production in Rotherham, saving hundreds of jobs.The investment is part of a wider restructuring of Liberty’s owner, GFG Alliance, also involving Liberty Primary Metals Australia. GFG was forced to seek new funding when its key lender, Greensill Capital, collapsed. Image: The Liberty Steel plant in …
Business
Sky News
BP-backed Pure Planet faces becoming latest casualty of energy crisis
A residential renewable energy supplier backed by BP is nearing collapse, joining the growing list of industry players which have found themselves unable to weather surging wholesale prices.A residential renewable energy supplier backed by BP is nearing collapse, joining the growing list of industry players which have found themselves unable to weather surging wholesale prices. …
Business
Business Live
Inside Lush: We took a tour of the cosmetics retailer’s UK HQ and this is what we discovered
If Willy Wonka owned a factory in Britain in 2021, it would probably be Lush’s Dorset HQ. From the outside, it would be easy to walk past the grey warehouse building on the typical-looking industrial estate in Poole. It is a dank, wet summer’s day when I step through the doors of the cosmetic company’s …
Business
Sky News
Energy price cap ‘will not be moved’ and business sec ‘convinced’ UK won’t suffer gas shortage
The price cap on consumers’ energy bills “will not be moved” this winter Business Secretary Kwasi Kwarteng has told Sky News – and he is “convinced” the UK will not suffer gas shortages in the coming months.Speaking to the Trevor Phillips On Sunday show, Mr Kwarteng said he was “convinced we will have full energy …
Business
Sky News
Business sec ‘convinced’ UK won’t suffer gas shortage, as Treasury rules out support for firms
The Business Secretary has said he is “convinced” the UK will not suffer gas shortages in the coming months – and insisted that a price cap on consumers’ energy bills “will not be moved” this winter.Speaking to the Trevor Phillips On Sunday show, Mr Kwarteng said he was “convinced we will have full energy supply” …
Business
Euro News
Explained: What is the new global minimum tax deal and what will it mean?
Business
Business Live
From debilitating illness to being named among UK’s top BAME entrepreneurs: The incredible story of Lee Chambers
A North West entrepreneur has described how he bounced back from a life-changing condition that took away his ability to walk. Lee Chambers’ sudden illness back in 2014 saw his immune system attack the connective tissue in his joints – meaning that within days, he had gone from playing team sports to lying in a …
Business
Sky News
Business secretary to keep energy price cap in place this winter
The business secretary has vowed to keep energy prices capped this winter despite soaring wholesale prices to shield millions of consumers from price hikes this Christmas.Kwasi Kwarteng said keeping the cap in place is “non-negotiable” and did not set out any additional support for struggling businesses after some company bosses and some Tory MPs called …
Business
Sky News
2,000 extra training places for HGV drivers are ‘a drop in the ocean’, Labour says
An extra 2,000 training places will be available to increase the number of lorry drivers, but they are unlikely to have much effect before Christmas.The places will be available through previously announced “skills boot camps” backed by £17m government funding and with participants being guaranteed a job interview afterwards. But the courses do not begin …
Business
Sky News
Pig farmer warns industry facing ‘soul-breaking’ crisis ‘far worse’ than foot and mouth disease
A pig farmer who fears he may have to destroy 80 animals a week due to a shortage of butchers says the army may need to be called in to help.Stephen Thompson, who keeps 2,000 pigs at Povey Farm in Norton, Derbyshire, described the situation facing the industry as “the biggest waste and mess caused …
Business
Sky News
Revealed: Britain’s top 10 places where house prices are rising fastest
Toxteth in Liverpool leads the list of Britain’s top 10 places where house prices are rising fastest, having shot up by an average of 20% over the past year.Closely behind is Accrington in Lancashire, Retford in Nottinghamshire, and Heywood in Greater Manchester, with a 19% increase in average asking prices, according to Rightmove. The North …

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