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YOU WONT BELIEVE: 4 | Mind Blowing Facts

Rachel Reeves slashes bills for thousands of businesses as Iran war sparks rising costs

Rachel Reeves has recently stepped up criticism of US-Israeli military action in Iran

The Independent UK

Chancellor cuts bills for thousands more firms as she continues Washington talks

Rachel Reeves has stepped up criticism of US-Israeli military action in Iran.

Evening Standard

UK to give £380m grant to Tata battery factory in Somerset

Investment in plant due to supply batteries to Jaguar Land Rover expected to boost economic growth and secure jobs

The Guardian - UK

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UK CO2 plant to reopen amid fears Iran war could lead to shortage

Teesside site mothballed in September given £100m by government to restart production for at least three months

The Guardian - UK

Government grant to reopen CO2 plant amid fears of Iran-linked shortages

The plant on Teesside was mothballed last year after a trade deal with the US cut tariffs on bioethanol, its main product.

Evening Standard

Cabinet minister keeps door open to UK rejoining EU as championed by Sadiq Khan after Brexit damage

Business Secretary Peter Kyle stressed that Britain should have closer ties with the European bloc

Evening Standard

Labour shouldn’t reverse Brexit, says business secretary

IN FULL

The Independent UK

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Minister slaps down suggestions that Labour should reverse Brexit

Peter Kyle dismissed calls from senior Labour figures, including Sadiq Khan, that the party should campaign to rejoin the EU

The Independent UK

UK should not plunge into protracted debate on rejoining EU – Peter Kyle

Peter Kyle appeared to bat away calls from senior Labour figures that the party should campaign to again seek membership of the trade bloc.

Evening Standard

Energy price shock and interest rate rises could cause ‘pronounced’ UK recession, economist warns – as it happened

Morgan Stanley warns that UK could fall into a recession at the turn of the year, if energy prices remain high and Bank of England hikes interest rates

The Guardian - UK

Government bans retention payments and sets invoice time limit in boost for small firms

The government is aiming to crack down on late payments to small businesses

The Independent UK

Minister insists UK steel tariff plans are ‘not very Donald Trump’

The Government wants up to 50% of steel used in the UK to be made in the country, up from 30%.

Evening Standard

UK to double steel tariffs to 50% to save plants from collapse

Business secretary announces new measures during visit to Tata’s Port Talbot plant

The Guardian - UK

Steel strategy announced to preserve production in the UK

Government says its ambition is for up to 50% of steel used in the UK to be made in this country.

Evening Standard

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Euronews

Newsletter: Top trade MEP wants 'written' US commitment to EU trade deal

Also in this newsletter: The latest on the deepening Druzhba oil pipeline feud, and the UK is on a charm offensive to be included in the EU’s “Made in Europe” industrial strategy.

The Guardian - UK

British public want deeper economic ties with EU, business secretary says

Peter Kyle signs cooperation deal on competition and says it is not a case of being nostalgic for pre-Brexit past

Euronews

British charm offensive on 'Made in Europe' under way as London seeks closer EU ties

UK Business and Trade Secretary Peter Kyle is meeting European Commission officials on Wednesday and Thursday to push for closer EU-UK ties – and argue that any European Preference scheme should include London.

The Independent UK

Former Amazon boss set to be next CMA permanent chairman

Business and Trade Secretary Peter Kyle named the boss as his preferred candidate

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Evening Standard

Ex-Amazon executive Doug Gurr to be next CMA permanent chairman

Business and Trade Secretary Peter Kyle named Mr Gurr as his preferred candidate to be chair of the competition watchdog.

The Guardian - UK

Futile resignations and blatant revisionism to the fore as Starmer staggers on

The same cabinet ministers who failed to speak up for the PM in the morning were soon offering their undying support

The Guardian - UK

Starmer hopes his China trip will begin the thaw after recent ice age

PM flies out after courting world’s second biggest economy aware of difficult balance of risks and potential rewards

Evening Standard

Who is on Keir Starmer's China trip, and why are they there?

A delegation of ministers, business leaders and cultural figures are part of the trip, as the Prime Minister seeks to improve relations

The Guardian - UK

Pressure grows on ministers to end secrecy over UK medicines deal with Trump

Critics say government hiding true cost of agreement ‘despite being forced to admit financial burden will grow year on year’

The Guardian - UK

‘I’m picking winners’: UK business secretary takes activist approach to economic growth

AI evangelist Peter Kyle wants to scale up businesses, attract overseas investors and look out for UK’s poorer regions

The Guardian - UK

Government admits its approval for Buckinghamshire AI datacentre should be quashed

Campaigners hail U-turn during legal challenge over proposed centre an ‘embarrassing climbdown’

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