UK Business News

Business secretary Peter Mandelson has attacked the ‘lazy assumption’ that Britain doesn’t make anything anymore, while visiting a company in Cambridge that specialise in Touch Screen technology.
“The reality is British manufacturing employs more people than the financial services sector. We are the sixth biggest manufacturer on earth and manufacturing is one of biggest exports and [...]

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Car production for June 2009 was down by 30.2% on the same month last year, but recorded a smaller annual fall than in May which the Society of Motor Manufacturers and Traders (SMMT) take to be a significant step in the recovery of the industry.
SMMT Chief Executive Paul Everritt took heart from the figures but [...]

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Energy experts are predicting that weak prices and sagging demand for gas could benefit the UK this winter by using the excess gas supply to fire Britain’s electricity producing plants.
Gas is usually used to produce electricity in the summer months in the UK when demand for heating is low and gas is cheap but Coal [...]

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Jaguar Land Rover have announced that they will cut 300 jobs at the Halewood factory in the UK as the luxury car maker struggles in the economic crisis. Production of the X type car will be stopped completely.
The company which is owned by Tata Motors of India has said that it is not considering closing [...]

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The Society of Motor Manufacturers and Traders (SMMT) say that the government ‘car scrappage‘ initiative has been a great success, with demand from private buyers improving for the first time since November 2007.
While new car registrations are still well below pre-crisis figures, new car sales for June 2009 stood at 176,264 compared to 209,190 for [...]

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