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Top related persons:
Rebecca Naden - 1 Sarah Young - 1 John Stonestreet - 1 Ros Russell - 1
Top related locs:
Port Talbot Wales Britain
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Tata - 1 REUTERS - 1 British - 1 Tata Steel - 1 Sky News - 1 Port - 1 British Steel - 1 government's Department for Business - 1

Search resuls for: "government's Department for Business"


3 mentions found


☆ Britain in talks with Tata Steel over $630 million aid package -Sky News
  + stars: | 2023-09-02 | by ( ) www.reuters.com   time to read: +1 min
The Tata Steel plant is seen in Port Talbot, south Wales, November 23, 2012. REUTERS/Rebecca Naden/File Photo Acquire Licensing RightsLONDON, Sept 2 (Reuters) - The British government is in advanced talks with Tata Steel, the country's biggest steel producer, to provide 500 million pounds ($629 million) of funding to help secure the long-term future of a key part of its steel industry, Sky News reported on Saturday. But the talks have faced difficulties over potential job losses because the new style furnaces require fewer staff. About 8,000 people are employed by Tata Steel in Britain and Sky News cited industry sources as saying the company had warned that it may need to make as many as 3,000 redundancies in the future. Tata Steel has in the past warned that without government support, it will need to consider closing its sites.
Persons: Rebecca Naden, Sarah Young, John Stonestreet, Ros Russell Organizations: Tata, REUTERS, British, Tata Steel, Sky News, Port, British Steel, government's Department for Business, Trade, Thomson Locations: Port Talbot, Wales, Britain
☆ UK PM Rishi Sunak may announce mini cabinet reshuffle on Tuesday -source
  + stars: | 2023-02-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 6 (Reuters) - British Prime Minister Rishi Sunak may announce a mini reshuffle of his Cabinet on Tuesday and is considering breaking up the government's business department into three separate ministries, a source familiar with the discussions said on Monday. The reshuffle of ministers comes just over a week after Sunak sacked Conservative Party chair Nadhim Zahawi over his tax affairs, and as the government has fallen further behind the main opposition Labour Party in opinion polls. Sunak's office declined to comment on the possible reshuffle, which was first reported by The Sun. The government's Department for Business, Energy and Industrial Strategy (BEIS) could be broken up to see a new energy department, with business and trade merged. The governing Conservative party is currently around 20 percentage points behind Labour in most polls.
☆ UK government to cap energy bills for businesses -Bloomberg
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterElectricity pylons are seen near Ashford, Britain, August 15, 2022. The report comes ahead of the government's energy support package for businesses, which is expected this week as the government resumes its duties after a period of national mourning for Queen Elizabeth, who died on September 8. Earlier reports said that the support package to help businesses facing high energy bills would cost the government roughly 40 billion pounds ($45.4 billion). Truss said in New York on Tuesday that the cost of the energy support would be laid out in more detail. ($1 = 0.8804 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Muvija M; Editing by Paul Sandle and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
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