Remove politics kwasi-kwarteng
article thumbnail

Economic decline ‘gathers momentum’ as UK output slumps again

E&T

Output declined for the third month in a row following the protracted period of political turbulence that has dragged on the financial markets, following the disastrous unveiling of then-chancellor Kwasi Kwarteng and then-prime minister Liz Truss' controversial economic plans. October's score also fell short of the 48.0

article thumbnail

Investing with confidence in digital manufacturing

E&T

“A week is a long time in politics.” Just three weeks after the then Chancellor Kwasi Kwarteng announced his Emergency Mini Budget on 23 September, his successor Jeremy Hunt delivered an Emergency Statement on 17 October in which many of Kwarteng’s proposed tax reforms were unceremoniously dumped.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top scientists protest ‘reckless’ opening of Cumbria coal mine

E&T

In an open letter to the Prime Minister and all MPs, the scientific community has condemned the proposed project to open a new coal mine in Cumbria, hoping that the current political upheaval in Westminster might sway the government to change its decision. . “To It has been approved twice since 2017.

81
article thumbnail

Keir Starmer pledges to launch publicly owned energy company

E&T

The speech came after days of market uncertainty driven by Chancellor Kwasi Kwarteng's mini-budget , which unveiled the biggest tax cuts in 50 years and resulted in the value of the pound crashing to historic levels, something Sir Keir said the public should "not forgive and not forget".

article thumbnail

Insulating UK homes could save the country ‘billions’, assessments show

E&T

The UK government is under increasing pressure from political parties and research groups to increase investments in home insulation, as assessments show that it could save billions in energy costs. Other industry and research organisations have also joined this call for further investment into home insulation.

85
article thumbnail

Boris Johnson greenlights funding for Sizewell C nuclear plant

E&T

The new plant would be built next to the existing Sizewell B, which is still generating electricity, and Sizewell A, which has been decommissioned, according to Business Secretary Kwasi Kwarteng. To date, the government has committed £100m to develop the project.

Form 75
article thumbnail

Kwasi Kwarteng launches inquiry into proposed takeover of Newport Wafer Fab

The Guardian Manufacturing

The business secretary says deal will be scrutinised under new National Security and Investment Act The business secretary, Kwasi Kwarteng , has launched an inquiry into the proposed takeover of the UK’s largest microchip manufacturer Newport Wafer Fab by Chinese-backed Nexperia.