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The ministers did not agree to a plan to consider a plan to leave a plan to leave a question in the last form of the priority list of the Chancellor Rachel Reeviews and the priority list for business groups.
Jonathan Reynolds, Secretary of Jonathan Reynolds, plans to reduce energy costs for the “growth” sector specified in the new industrial policy.
However, the structure of such a scheme, Reeves was not agreed Spend Review This could not allocate any funding to pay for it, the money that means will have to be taken from other budgets.
“We didn’t get as much as we like.” “Things still live. There is no money and everything has to bend the eight priority growth sector.”
The industrial strategy will focus on advanced production, clean energy industry, creative industry, defense, digital and technology, financial services, life sciences and professional and business services.
Reynolds welcomed Reveves’s approval with £ 86 billion Government Investment For four years, in research and development, most or all will target in eight growth sectors.
Reynolds are also said that the defendants are happy with many ways Reeves’s Spending ReviewTo support an artificial intelligence plan, an increase of £ 1.2 billion an annual increase in £ 2 billion and skill budget.
The budget of his department will increase by an annual average of 5.8 percent annually until the end of the parliament, one of the most generous settlements.
However, as the UK has to cut very high energy costs – the treasury has not signed a scheme to cut the bills of the treasures.
The UK, the production lobby group said that industrial energy costs in the United Kingdom are 46 percent higher than 46 percent in the United States and global average. “If the sky-high energy costs are not resolved, the approaching industrial strategy will be fatal,” he said.
The ministers are considering various options, but are called by people close to negotiations to help in the eight “growth sector” without large energy users such as Reynolds, steel and ceramics.
These two sectors are already supported by the English industry supercharger scheme where the latest conservative government is established. Reynolds also wants to help other sectors, including the automotive industry, informed people about the discussions.
Reynolds is a close ally of Reeves and burned some of the cabinet battles for cash in the spending review. His department was one of the first ones that the budget was first, despite the expensive energy value.
Treasury documents show that the settlement of the business department includes £ 3 billion in the chain of £ 3 billion, zero emission tools and ultra low carbon emissions aircraft supply.
£ 2.9 billion for the British Business Bank, increases the ability to finance small companies up to £ 25.6 billion.