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The Latest Breaking News from Jonathan Reynolds

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.

The Independent UK

OPINION - Have Labour crashed and burned already?

Disastrous policies fraught with unintended consequences, a wrecking ball budget and a total alienation of voters have got Labour off to a woefully bad start

Evening Standard

UK steel industry calls for government to buy British in offshore wind push

Only 2% of steel used in British offshore wind projects in past five years was UK-made, study finds

The Guardian - UK

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Labour to get Lords boost as new peers set to be announced

Sue Gray could be among 30 new Labour peers appointed alongside a number of Conservatives.

Evening Standard

Navantia Acquires Harland And Wolff, Securing 1,000 Jobs

Navantia's acquisition of Harland and Wolff secures jobs, boosts U.K. shipbuilding, and supports national security.

Top News

Cabinet minister hints at ‘strong set’ of new Labour peers

Jonathan Reynolds said he would be pleased to see a ‘strong set’ of Labour peers enter the House of Lords.

The Independent UK

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

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Deal struck to save Titanic shipbuilder Harland and Wolff

Spanish state-owned business Navantia is stepping in to buy the Belfast-based company.

Evening Standard

Fact check: Pensions triple lock was temporarily suspended after pandemic

‘Double lock’ was used to uprate state benefits for older people due to market volatility caused by Covid-19, lockdown and furlough scheme.

Evening Standard

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

The business secretary said Capture, the system which came before Horizon, could have also created accounting shortfalls for sub-postmasters who used it

The Independent UK

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

Postmasters 'victim of new Post Office Capture software scandal' fight to quash convictions

Ministers admit that Capture software, introduced in branches in 1992, may have had errors which left postmasters and postmistresses suffering financial losses

Evening Standard

What has been agreed under the Royal Mail takeover and what are the next steps?

Czech billionaire Daniel Kretinsky has agreed to a series of legally-binding commitments to gain government clearance for the deal.

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.

Evening Standard

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The Independent UK

Starmer’s government hails joining CPTPP – two years after he said impact would be ‘very small’

Sir Keir’s business secretary said the agreement would ‘boost trade and create opportunities for UK companies abroad’

The Independent UK

UK becomes first European nation to join CPTPP trade bloc

Britain will become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Sunday.

The Independent UK

Business secretary tells banks to ignore activists and back defence firms

Ministers are increasingly concerned that the UK could lag if operations, research and development are not funded after they identified defence as vital to the government’s growth mission

The National (Scotland)

Labour ask banks to invest more in weapons firms to boost defence sector

Ministers are calling on banks and investors to step up support for the UK’s defence sector despite pressure from activists over ethical concerns.

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Evening Standard

Ministers urge banks to step up support for defence industry

The Business Secretary and minister for defence procurement are hosting a meeting with bosses across the defence and finance sectors.

Evening Standard

Starmer should stop ‘obsessing’ over EU and focus on US trade deal, Tories argue

Shadow business secretary Andrew Griffith argued that a trade deal with the US would be a ‘game-changer’ for the UK.

International Business Times

Power Cuts And Train Cancellations As Storm Darragh Batters UK

Tens of thousands of people across the UK were left without power on Saturday morning after Storm Darragh hit the country with strong winds and caused pre-Christmas travel disruption.

The Guardian - UK

Ministers considering renationalising British Steel if rescue plan fails

Exclusive: Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese owners

Evening Standard

‘Critical’ mid-market UK firms stifled by red tape and skills gap – NatWest

NatWest’s report into the sector and plans for a new representative council has gained the backing of the Government’s Business Secretary.

The Guardian - UK

Cheaper loans on table to urge UK motorists to EVs, plus cuts in fines for firms

Business secretary Jonathan Reynolds says there is ‘no route to net zero’ that ignores concerns of businesses after wave of closures

The Guardian - UK

Starmer has discovered a tricky truth about the electric vehicles transition: there’s no gain without pain

The Tories’ targets glossed over the impact on carmakers and cash-strapped drivers – but the move to net zero won’t be cheap or simple, says Guardian columnist Gaby Hinsliff

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