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Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown
Posted onThe government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber attack continues to halt production at the car maker. Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK….
Rachel Reeves unveils plan to cut red tape for business
Posted onChancellor Rachel Reeves has said she plans to scrap “needless form filling” in a bid to boost business growth. Speaking at a regional investment summit in Birmingham, the chancellor said the reforms would boost growth and “make the UK a top destination for global capital”. Ahead of the Budget next month, Reeves acknowledged that “for…
OBR role to be investigated by Treasury Committee
Posted onAn inquiry into the role of the UK government’s economic forecaster is being launched by a group of MPs, after the body came under intense scrutiny in the run-up to the Budget. The Treasury Committee will examine the Office for Budget Responsibility’s (OBR) first 15 years and consider potential reforms, including any improvements or changes…
Gatwick airport second runway approved by transport secretary
Posted onKaty AustinTransport correspondent and Jamie WhiteheadBBC News PA Media Transport Secretary Heidi Alexander has approved plans for a second runway at London Gatwick Airport, as the government looks for economic growth opportunities. The £2.2bn privately-financed project involves in effect moving the current Northern Runway 12 metres to bring it into regular use, as well as…
