Tariffs on steel imports from China and other countries are to be extended for another two years, the UK government has announced, admitting the move risks breaching World Trade Organization (WTO) rules. Anne-Marie Trevelyan, the international trade secretary, said the government was acting in the “public interest” and to protect “thousands” of jobs. She said […]
BEIS has raised alarm bells over a key report on Government’s progress to net zero, deeming it “dire”, and “catastrophic for the country and the planet” if not acted on. The independent Climate Change Committee (CCC)’s latest report revealed that Downing Street’s current strategy will not reach net zero carbon emissions over the coming three […]
The founders of LinkedIn and payments giant Stripe are among a group of heavyweight tech entrepreneurs to back a $158m funding round for scale-up investor Entrepreneur First, the firm revealed today. London-based Entrepreneur First (EF), which looks to nurture and fund early stage tech founder talent, has raised the fresh cash from Stripe co-founders John […]
Fracking companies are likely to be eligible for tax breaks, potentially worth billions, that the government is extending to oil and gas companies to encourage new exploration of fossil fuel resources. Combined with high gas prices, the extra funding – which amounts to a subsidy, according to campaigners – could provide a strong incentive to […]
Almost 11 million consumers have suffered a broadband blackout lasting more than three hours over the last year, with Nottingham named Britain’s “outage capital”. The average UK household lost a total of almost two days of internet time as a result of loss of service, power cuts and maintenance, figures show. Homes hit by outages […]
Kwasi Kwarteng, the business secretary, says there is a “strong argument” for supporting the steel industry amid expectations that the government will extend import tariffs despite the risk of breaking international law. Yesterday he told the business, energy and industrial strategy committee that “free trade is all very well but if everyone else is supporting […]
Boris Johnson is poised to announce curbs on online gambling in an effort to stem the “catastrophic” impact of addiction on people’s lives. Ministers will publish a review of the 17-year-old gambling legislation amid concerns that it has been rendered outdated by the explosion in popularity of online betting. The curbs will include maximum stakes […]
Borrow A Boat, the UK’s leading boat rental and yacht charter marketplace, has today closed their most successful crowdfunding round to date, raising £3,017,030 from 670 investors. The raise brings the business’ lifetime crowdfunding total to over £7.8 million. Founded in 2017, Borrow A Boat has access to over 45,000 boat rentals and yacht charters […]
Heathrow has been told to cut passenger charges for airlines each year until 2026 by the Civil Aviation Authority. The regulator said the reduction in charges reflected the recent rebound in passenger numbers, but would still allow the airport to invest. But Heathrow, which wanted the charges raised, said the move would undermine the delivery […]
High street footfall fell 25 per cent in May, from the previous month, according to RSM UK’s analysis of the latest data from Datscha, published this morning. London continues to be hit by hybrid working with less workers commuting into the city, and international and business travel is still not back at full capacity. Whereas […]