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The Latest Breaking News from Business

Ministers race to attract more Chinese investment in UK despite Scunthorpe steelworks fiasco

Trade minister Douglas Alexander is currently in China seeking to drum up business deals

Evening Standard

More than a dozen businesses offer to help British Steel keep furnaces burning

If the blast furnaces at the Scunthorpe steelworks run out of raw materials, they can never be turned back on.

Evening Standard

Business secretary refuses to say whether there are enough supplies to keep British Steel furnaces running – as it happened

Jonathan Reynolds says allowing British Steel to collapse would have cost £1bn as public ownership looks increasingly likely

The Guardian - UK

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'Scotland is watching': Stephen Flynn presses Labour on Grangemouth nationalisation

SNP Westminster leader Stephen Flynn has questioned the UK Business Secretary on whether the UK Government would back the nationalisation of…

The National (Scotland)

'Nothing Is Off The Table': Starmer Has 417 Pages Worth Of US Goods That UK Could Crush With Tariffs

On 3 April 2025, Business Secretary Jonathan Reynolds dropped a 417-page bombshell, listing 8,000 US imports for potential tariffs

International Business Times UK

Charity ‘appalled’ at reports online safety laws could be cut for US trade deal

The chief executive of the Molly Rose Foundation said he had written to the Business Secretary to warn of ‘dire consequences’.

Evening Standard

Trump’s tariffs will ‘clearly have economic impact’ in UK – Starmer

Prime Minister Sir Keir Starmer gathered business chiefs in No 10 for talks after Donald Trump announced sweeping global tariffs.

Evening Standard

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Government urged not to ‘sacrifice’ British agriculture in US trade talks

Farming and food sector leaders said they were ‘very concerned’ about the concessions ministers could make to secure exemptions from US tariffs.

Evening Standard

Business Secretary pressed to secure US trade deal following Trump steel tariffs

Shadow business secretary Andrew Griffith said it is a ‘colossal failure’ of the Government that the UK is not exempt from the tariffs.

Evening Standard

Business secretary Jonathan Reynolds admits he was wrong to claim he was a solicitor

Labour cabinet minister, who has come under pressure over claims on his CV in recent weeks, says it was 'inadvertent error'

The Independent UK

Business Secretary apologises to PM after claims he exaggerated legal career

Jonathan Reynolds worked as a trainee solicitor in Manchester but left his legal career behind when he entered politics.

The Independent UK

Nigel Farage promises private prosecution against Business Secretary Jonathan Reynolds over 'CV lies'

Business Secretary Jonathan Reynolds apologised for referring to himself as a solicitor in Parliament, but added he did not think it was ‘a huge deal’

Evening Standard

Nigel Farage announces plans to privately prosecute Jonathan Reynolds

It stems from claims the Business Secretary misrepresented his legal background

The Independent UK

OPINION - Am I the only idiot not lying on my CV? What this despicable culture of exaggeration says about us

Rachel Reeves and Jonathan Reynolds have made me feel like a right d***head this week. Over the past six days, the Chancellor and Business Secretary have both been caught lying on their respective CVs.

Evening Standard

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Evening Standard

Trump’s steel tariffs would damage UK and US, says Business Secretary

Jonathan Reynolds has set out a package worth up to £2.5 billion to support the steel industry.

Evening Standard

Cabinet minister Reynolds hits back at Vance over religious freedom claims

Business Secretary Jonathan Reynolds said ‘no-one is arrested for what they are praying about’ after JD Vance’s claims.

The Independent UK

Government announces multibillion-pound plans to boost UK steel industry

The announcement follows the Government’s go ahead for expansion at Heathrow Airport which will require 400,000 tonnes of steel.

Evening Standard

CMA pledges to speed up decisions to support Government growth push

The CMA is among regulators which have faced demands from the Government to help its ambitions to accelerate economic growth.

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The National (Scotland)

'Hugely disappointing': Minister intervenes over Moray factory closure

BUSINESS secretary Richard Lochhead has called a factory closure in his constituency “a blow to the local workforce”.

Evening Standard

UK cannot afford to not build runways, says Reynolds ahead of key Reeves speech

The Chancellor is due to set out policies on Wednesday to encourage economic growth, including an expected expansion of Heathrow airport.

Evening Standard

Business Secretary ‘will not yet commit to backing miscarriage leave amendment’

Some MPs are seeking to make the two-week leave period available to those bereaved as a result of pre-24 week pregnancy loss.

The Independent UK

British Steel to sit on new government council after thousands of job losses

The Steel Council will help steer plans for the industry which will be backed by up to £2.5 billion of investment.

Evening Standard

Deal to save Harland and Wolff ‘vote of confidence in UK’ – Business Secretary

Jonathan Reynolds said the deal would safeguard the shipbuilder’s four yards in the UK.

Evening Standard

Victims of Post Office Capture software promised ‘redress and justice’

The Government has said the system which came before Horizon could have created accounting shortfalls for sub-postmasters.

Evening Standard

Royal Mail sale to Czech billionaire Daniel Kretinsky cleared by the Government

Business Secretary Jonathan Reynolds said the Government had secured a raft of legally-binding commitments with Mr Kretinsky’s EP Group.

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