UK government moves towards full nationalisation of British Steel after buyer search fails
The UK government is preparing legislation that would allow the full nationalisation of British Steel, marking one of the biggest industrial interventions in Britain for years. Prime Minister Keir Starmer said on 11 May 2026 that ministers would take powers to bring the company fully into public
UK firms report fastest spread of cost pressures on record as inflation fears build again
British companies are seeing cost pressures spread at the fastest pace on record, according to fresh business survey data that has added to concerns over inflation in the UK economy. Reuters reported on 23 April that the latest purchasing managers’ index data showed input-cost growth accelerating
UK moves to weaken link between electricity prices and gas costs in bid to cut bills
The UK government has unveiled fresh plans to weaken the connection between electricity prices and volatile gas costs, in a move aimed at bringing down energy bills for households and businesses. Reuters reported on 21 April that ministers want older renewable energy generators to move onto