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SHOCKING: 2 - You Need To See This

UK could face gaps on supermarket shelves by summer if Iran war continues

Ministers drawing up contingency plans for ‘reasonable worst-case scenario’ if supply of CO2 is disrupted

The Guardian - UK

No 10 claims Starmer did not know Mandelson failed security vetting until this week – as it happened

The prime minister was not aware that the former US ambassador had failed the vetting process, according to Downing Street

The Guardian - UK

Public should be ‘reassured’ by Iran war food shortage preparation – Peter Kyle

The Government’s reasonable worst-case scenario suggests there could be less variety on supermarket shelves should fighting continue unabated.

Evening Standard

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UK in ‘worst-case scenario’ planning for food shortages as a result of Iran war

The business secretary said the public should be ‘reassured’ that ministers are making contingency plans for the impact of the Iran war

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

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

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

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

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The Independent 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

Evening Standard

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%.

The Guardian - UK

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

Evening Standard

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.

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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.

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 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

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

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