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Departmental Update
20 July 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
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.
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Assessment & feedback
Summary accuracy