House of Commons · Written Ministerial Statement
Departmental Update
20 July 2022 · Department for Business, Energy and Industrial Strategy
Proposed by Kwasi Kwarteng Con Spelthorne
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- Government plans to improve the business environment by supporting domestic energy production
- Boosting manufacturing to address the cost of living crisis
- Enhancing British science as part of existing initiatives to grow the economy and raise wages
Issue summary
The statement discusses the government's plan to improve the business environment and address the cost of living crisis by supporting domestic energy production, boosting manufacturing, and enhancing British science.
Action requested
No specific action requested; the minister is providing an update on existing initiatives aimed at growing the economy, raising wages, and securing cleaner energy domestically while recognising the impact of global events on businesses and families.
Key facts
- The global wholesale price of gas has increased due to aftershocks of Covid-19 and Russia's war in Ukraine.
- Efforts are being made to make the UK the best place globally for starting, growing, and investing in a business.
- Initiatives include pioneering British science for better lives, boosting manufacturing in former industrial heartlands, and securing cleaner energy.