Sizewell C nuclear power plant construction to cost £38bn as investors sign deal. Chancellor Rachel Reeves said the development would reduce the UK’s reliance on “foreign dictators” for energy. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves unveils proposals to reform the UK’s financial sector and boost the economy and retail investment. The chancellor was speaking at the annual Financial & Professional Services Dinner at Mansion House in the City of London on Tuesday. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Shadow Business Secretary Andrew Griffith calls on chancellor Rachel Reeves to rule out tax rises on wealth creators ahead of her Mansion House speech this evening – warning that ‘another summer of uncertainty’ is ‘putting job hiring and investment on hold’. Report by Gluszczykm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
A 76-year-old man has been arrested on suspicion of administering poison at a summer camp, which led to eight children being taken to hospital as a precaution. Leicestershire Police have put up a cordon in Canal Lane, Stathern, Leicestershire, where children became unwell at a summer camp. Report by Kennedyl. 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
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
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
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