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The Latest Breaking News from BEIS

Businesses at Baglan Energy Park saved from having electricity cut off

The new electricity connections, which are directly powered through the National Grid, are now complete with most customers now connected to the new network potentially saving up to 1,200 local jobs

Wales Online

Energy secretary flown around Saudi Arabia by oil firm 'shows UK's hypocrisy'

Kwarteng was flown to various cities in the Saudi kingdom by majority state-owned oil firm Aramco

The National (Scotland)

Fears environment bills could be sidelined amid Tory leadership race

Campaigners warn crucial legislation must not be abandoned while the UK government is distracted

The Guardian - UK

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Poor households face having to help foot bill for building Sizewell C

Funding model also criticised for letting factories ‘off the hook’ with planning decision due this week

The Guardian - UK

Boots £5bn sale abandoned; Heathrow landing fees to fall; petrol at new record – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

Benzinga

Energy supplier collapses likely to cost around £2.7bn, report finds

Failures of energy companies were caused by high prices, but were made more likely by regulator Ofgem, the National Audit Office said.

The Independent UK

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Tories labelled hypocrites over 'obscene' plan to lift limits on bankers' bonuses

THE Tories have been called hypocrites for looking to cut limits on bankers’ bonuses while calling for restraint on increasing public sector…

The National (Scotland)

Government accused of hypocrisy over plans to cut limits on banking bosses’ pay

Outrage over ‘two sets of rules’ after ministers call for pay restraint in public sector

The Independent UK

Tories plot to cut rules on City bosses' pay – while railing against public sector rises

TORY ministers are plotting to slash controls on City bosses’ pay, while calling for wage restraint in the public sector.

The National (Scotland)

Tories 'want to cut pay limits for city bosses but ALSO restrain public worker pay'

The Government is being accused of "hypocrisy" as leaked plans show it wants to remove some controls over City bosses' pay will restraining the wages of people in the public sector

Daily Mirror

Four-day week ‘may work well’ for some businesses, government admits as pilot starts

Officials are keeping a close eye on a pilot project being run by UK businesses

The Independent UK

Queens University spinout wins Westminster funding to reduce reliance on red diesel

CATAGEN will use the BEIS money to develop green hydrogen production and transport

Birmingham Post

Big Interview: Intelligent Energy boss on why they might have to build £100m gigafactory in Europe

‘We are British-owned with brilliant products and an ambition to grow quickly – the ball is in the Government’s court’

Birmingham Post

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Chronicle Live

North East MPs react to 'damning' and 'revealing' report into Powergrid response to Storm Arwen

Thousands of homes in the North East were left without power last November following Storm Arwen but a report revealed the response was 'unacceptable'

Chronicle Live

Storm Arwen power company response "unacceptable" and could have breached licence, report says

Northern Powergrid may have been in breach of its licence because of failures in its call centre in the wake of last November's storm

The Guardian - UK

Energy bills: why are so many smart meters in Britain turning ‘dumb’?

Hundreds of readers tell of lost connectivity as official figures show millions of devices have to be read manually

The Guardian - UK

‘Complete nonsense’: Asda boss mocks post-Brexit plan to return to imperial measures

Tory peer Lord Rose criticises ‘backwards’ proposal as business department launches 12-week consultation

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news in one place.

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The Independent UK

Consultation to review ‘overbearing EU rules’ on imperial measurements

Plans to revisit regulations on the use of imperial measurements in Britain will restore ‘common sense’ to the statute book, the Government said.

The Guardian - UK

Hinkley Point B owner says it will not extend life of nuclear plant

EDF Energy tells staff reactors will be shut down in summer despite concerns of blackouts later this year

The Guardian - UK

Greenhouse gas removal ‘not a silver bullet to achieve net zero’

UK scientists say carbon capture is ‘hard and expensive’ and focus must be on reducing emissions

Birmingham Post

Nuclear Decommissioning Authority and Cwmni Egino announce plan for Trawsfynydd nuclear development

The two organisations are working towards a collaboration agreement aimed at progressing plans at the Gwynedd site

Birmingham Post

Ulster University to develop £50M data hub to boost UK manufacturing competitiveness

The Smart Manufacturing Data Hub will support 13,000 jobs, BEIS said

The Independent UK

Covid fraud losses could top £4.9bn after swindlers given ‘open goal’, MPs warn

Goverment urged to explain exactly how it plans to recover funds

The Guardian - UK

Covid support schemes left ‘open goal’ to fraudsters, says watchdog

Public Accounts Committee report says business department efforts to identify fraud came after trails had ‘long ago gone cold’

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