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The Latest Breaking News from Jonathan Reynolds

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

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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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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 Independent UK

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.

The National (Scotland)

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.

Evening Standard

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.

International Business Times

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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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Evening Standard

OPINION - The London Question: Is this Labour government full of amateurs?

Towards the end of 1989, the Stone Roses were on the cusp of being the biggest band in Britain. Having just played a massive show at Alexandra Palace, they were asked to perform their song Made of Stone live on a BBC culture and arts programme called The Late Show.…

The Independent UK

As Vauxhall’s Luton factory faces closure, is the UK car industry dying again?

Vauxhall’s proposed closure of its Luton plant has been blamed on the government’s plan to force carmakers to build more electric vehicles

The Guardian - UK

Vauxhall owner was ‘confident’ about meeting EV rules before factory shutdown

Exclusive: Stellantis executive’s recent comments to investors undermine claim Luton closure was down to emission mandate

The Independent UK

Tories: Luton Vauxhall plant closure is ‘downpayment’ for further job losses

Business Secretary Jonathan Reynolds blamed the previous government for the 1,100 jobs at risk.

Evening Standard

Minister warns of ‘challenges’ for car makers on top of Luton plant closure

Vauxhall owner Stellantis’ decision to close its Luton factory, putting 1,100 jobs at risk, came after Government efforts to save the plant failed.

Evening Standard

Business Secretary to face MPs amid concerns over electric vehicle mandate

It comes after Vauxhall-owner Stellantis said it would close its van-making plant in Luton, putting 1,100 jobs at risk.

The Independent UK

UK politics live: Esther Rantzen pens heartfelt letter on assisted dying - urging MPs to vote on ‘vital’ issue

Dame Esther, who is terminally ill, has been a strong advocate for changing the law to allow dying adults to take their own lives in limited circumstances, without fear of their families being prosecuted for helping them

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