Peter Kyle

Business Secretary announces new funding packages for chemicals and ceramics sectors, boosting stability and economic resilience. £350 million Critical Chemicals Resilience Fund will support strategically important producers and sites, strengthen critical supply chains and help support thousands of skilled jobs. Ceramics package worth £120 million will back …

This is a deal that: - Delivers growth and prosperity across the UK This Free Trade Agreement (FTA) delivers on the Government’s core mission to generate the economic growth that will put money in people’s pockets and raise living standards right across the UK, in line with the Government’s growth agenda. On its own, this deal is estimated to add £3.7 billio…

Deal could boost the UK economy by an estimated £3.7 billion every year and increase wages by £1.9 billion annually in the long run. UK becomes the first G7 country to agree trade deal with the GCC, bolstering our partnership with a strategically vital region and securing economic resilience at home. Deal removes tariffs on food exports, medical equipment an…

Small Business Protections Bill introduced to Parliament to back small businesses with the toughest late payment regime in the G7 Stronger new powers for the Small Business Commissioner to investigate, adjudicate disputes and fine persistent late payers with potential penalties worth tens of millions New 60-day cap on payment terms for large firms, mandatory…

New agreement strengthens UK leadership in automated vehicles. Partnership focuses on shared research to bring forward responsible deployment of self‑driving cars. Deal backs innovative UK scale‑ups and helps make Britain the best place to grow a business. A partnership that will put the UK at the forefront of next generation self-driving technology has been…

Government to introduce legislation which would give it the option to nationalise British Steel, subject to public interest test being met. Primary legislation would give Government a route to safeguard UK steelmaking capacity and avoid sudden halt of production at Scunthorpe, while it considers options for British Steel to help deliver on government’s Steel…

Following the successful State Visit of His Majesty King Charles III, Greater Together LA will build on positive momentum to convene hundreds of business and cultural leaders from both countries. With investment stock between both countries already reaching around £1.2 trillion and supporting over 2.6 million jobs in UK and US, Greater Together LA will drive…

Chancellor announces bold action on businesses’ electricity bills during IMF meetings in Washington, as Government strengthens Britain’s economic security - helping deliver stability, keeping costs down, and boosting competitiveness. Bills cut by up to 25% for over 10,000 manufacturers from April 2027, with no increase to household and business energy bills.…