Blog: Top news stories: September 2021
Every week we share the top economic, innovation and UK business news to keep you up to date.
Here are some of the best stories from September.
It’s a frustrating time in manufacturing at the moment, with supply chain issues continuing to disrupt.
The Confederation of British Industry’s monthly manufacturing ordering book saw new orders rising in September (UK) but labour shortages and supply chain issues held back growth output across the world.
Trade deal news continue to grab headlines, with The European Commission‘s plans to ease the movement of goods from Britain to Northern Ireland due any day.
Elsewhere, the now Secretary of State for Foreign, Commonwealth and Development Affair Liz Truss said British firms ‘must do more’ to take advantage of new export routes opened up by Brexit.
Newly appointed Secretary of State for International Trade and President of the Board of Trade Anne-Marie Trevelyan also called for the UK to break down digital trade barriers, to open up new opportunities for improved productivity, jobs and growth.
Investment, climate change and sustainability news
As Britain’s financial sector calls for a new global body for sustainability-related company disclosures to be based in London, news surrounding the opportunities in green technology and how investors can help tackle climate change continues.
- Investors managing more than $10 trillion have published an ambitious blueprint for energy companies seeking to tackle climate change
- A cross-party group of 51 lawmakers has called on the Bank of England to help tackle climate change by boosting investment in green finance and penalising banks that finance the fossil fuel industry
- The UK Office for Investment and the United Arab Emirate’s (UAE) Mubadala Investment Company are expected to sign a deal to promote investments across Britain in life sciences, technology, energy transition and infrastructure
- A new £270m fund to support green heating technology has been launched by UK government called the Green Heat Network Fund
One of the most exciting innovations we’ve seen in the news recently comes from Birds Eye, who have teamed up with a U.S-based company to develop lab-grown seafood. There were also some great examples of AI and robotic technology on show at the recent World Robot Conference.
Finally, ahead of the autumn budget (scheduled for 27th October) business leaders reacted to the new social care levy tax increases by calling on chancellor Rishi Sunak to ‘stop raising their taxes and instead offer more help to meet the challenges of Brexit, COVID-19 and climate change’ when he makes his statement next month.
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