Jonathan Reynolds says he is “delighted” vital raw materials have arrived to keep the blast furnaces operating at British Steel’s plant in Scunthorpe.
Speaking at nearby Immingham Port, the business secretary also hinted at concerns over future Chinese involvement in the steelworks following a clear ‘difference of opinion’ with its previous owners.
Report by Covellm.
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The business secretary has unveiled plans to crack down on late payments to ease the burden on small businesses. Jonathan Reynolds said the small business commissioner is to be given powers to fine large companies which continue to pay their suppliers late. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Secretary Jonathan Reynolds and his Indian counterpart Piyush Goyal formally signed the UK-India trade agreement in the great hall of Chequers. The deal is set to be worth £6 billion in investment for the British economy and increase efforts to tackle illegal migration and organised crime. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Business Secretary Jonathan Reynolds refuted claims that new UK-India trade will lead to British workers being undercut by Indian migrants. Speaking at Chequers, Mr Reynolds said: ''There's nothing in this deal that has an impact on immigration long-term.''
The UK-India trade deal is understood to be the largest of its kind for its economic impact on Britain, resulting in 2,200 jobs across the country and £6 billion investment by British and Indian businesses. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government has launched a review into parental leave as the current system has been criticised. Business Secretary Jonathan Reynolds said the Government will look at the whole system, including maternity leave and paternity leave, to see how it can be improved.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
There has been widespread disruption at UK airports after an air traffic control glitch. Aviation analytics company Cirium said 84 departures and 71 arrivals were cancelled up to 10pm on Wednesday. National Air Traffic Services (Nats) say the glitch was caused by a radar-related issue and that "there is no evidence that this was cyber related." Heathrow and Gatwick airports say they’ve now resumed normal operations. Report by Jonesia. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Keir Starmer has announced plans to stabilise business rates and allow easier access to loans in a bid to support small businesses. In a speech delivered in Wiltshire on Thursday, the prime minister said 38 businesses are forced to shut every day due to late payments, costing the economy "£11bn per year". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government are cracking down on late payments by cutting red tape for small businesses. Discussing the plans, Business Minister Gareth Thomas said: "We are determined to crack down on late payments. It costs £11bn to the UK economy every year. Potentially very significant fines if companies continue to make payments later in the day."
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A shadow minister has said the government's recognition of Palestine as an independent state is unlikely to happen. Keir Starmer said he would recognise the state if Hamas surrendered power. Shadow chancellor of Duchy of Lancaster Alex Burghart said: "Hamas is not about to lay down it's weapons and go quietly into the night. I just think this is nonsense really." Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Europe's steelworkers are furious. They are afraid for their jobs. Is there still a future for Europe's heavy industry? Yes, says the European Commission - and presents a rescue plan.
Credit: euronews (in English) Duration: 08:00Published
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