UK ministerial department shaping trade and industry policy since 2023
Fertiliser prices have surged globally amid the Iran conflict, prompting Senegalese farmers to shift from chemical fertilisers to organic compost and manure. Governments are weighing temporary measures to curb costs while experts warn on food security and climate benefits of sustainable alternatives.
The UK-India Free Trade Agreement will enter into force on July 15, delivering immediate tariff cuts and a boost to exporters and consumers. Ministers say the deal will improve GDP, wages and bilateral trade in the long run, with firms urged to register to access tariff relief.
Britain has finalised a new steel imports regime to protect domestic producers from global overcapacity. Tariff-free imports will be cut by 51%, with a 50% tariff on goods outside the quota. The measures align with the EU’s approach to counter overcapacity, while allowing a limited volume of imports from 11 specific products to be exempt from tariffs. The changes are to take effect on 1 July and will be reviewed after 12 months.
Prediction markets have seen a surge in notional volume in June as FIFA World Cup excitement sustains trading on Kalshi, Polymarket, and Rothera. International platforms report sustained high open interest and volumes, while regulators monitor market integrity amid heightened activity.
A roundup of current Amazon Haul deals highlights bargain-priced items across Lego, Adidas, Salter and other brands. The feature notes low prices due to direct-from-manufacturer sourcing, with delivery times of up to two weeks.
The UK has sealed a 5.2 billion-pound services trade deal with Switzerland, scrapping roaming charges and putting a 90-day services mobility provision on a permanent footing. E-gates will speed border checks for UK travellers, while pharmaceutical protections are maintained. The agreement is described as a landmark for UK services and follows a string of deals with key partners.
The government has taken British Steel into public ownership to protect steel production in the UK, secure thousands of jobs, and safeguard national infrastructure. Parliament has enacted new powers allowing state intervention, with ministers aiming to stabilise the plant, back communities, and modernise the sector toward green steelmaking.
The Department for Business and Trade has nationalised British Steel to secure steelmaking in the UK, protect thousands of jobs, and maintain a vital national capability. An independent evaluation will determine compensation for the former owner, Jingye Group, as production continues at Scunthorpe.
The UK has nationalised British Steel to protect jobs, supply chains and national security. Jingye Group seeks compensation for losses, arguing the move breaches investment protections. China says it will monitor developments and defend its interests.
The UK government has taken operational control of British Steel to safeguard national capability and jobs, after Jingye Group warned of closing its Scunthorpe plant. The move has sparked a dispute over compensation, with Jingye seeking redress under bilateral investment agreements and China warning of measures to protect its interests.