The bank was set up in 2012 to fund renewable energy projects The Green Investment Bank (GIB), set up by the UK government five years ago, has been sold to Macquarie Bank, with a value of £2.3bn. The Treasury secures £1.7bn through the process, with a further £600m of liabilities taken on by the Australia-based … Read more
A black cab manufacturer that was “on its knees” five years ago is officially opening a new £300m plant, creating more than 1,000 jobs. The London Taxi Company’s (LTC) Ansty Park site in Coventry is the home of its new electric taxi, the TX5. Administrators were called into LTC in 2012 before Chinese carmaker Geely … Read more
General Motors is set to announce a deal to sell Vauxhall and Opel to the French company that owns Peugeot and Citroen on Monday. PSA Group has scheduled a press conference with GM for Monday morning in Paris. The two companies had wanted to announce a deal before the start of the Geneva motor show … Read more
The UK and German governments are seeking to safeguard jobs in the potential merger of the Vauxhall and Peugeot carmakers. Ministers have raised concerns after PSA Group, maker of Peugeot cars, said it was in talks to buy General Motors’ loss-making European business, Opel. Opel has thousands of workers at its plants in Germany and … Read more
The government says it “does not recognise” a leaked memo suggesting it has no overall plan for Brexit. A government source said the document was an unsolicited pitch for work from a consultancy firm. Obtained by The Times, it warns Whitehall is working on 500 Brexit-related projects and could need 30,000 extra staff. And it … Read more
The government has no overall Brexit plan and a strategy may not be agreed for six months, a leaked memo prepared for the Cabinet Office suggests. The memo – obtained by The Times and seen by the BBC – warns Whitehall is working on 500 Brexit-related projects and could need 30,000 extra staff. However, there … Read more
The government has no overall Brexit plan and a negotiating strategy may not be agreed by the cabinet for six months, a leaked memo has suggested. The memo – obtained by The Times and seen by the BBC – warns Whitehall is working on 500 Brexit-related projects and could need 30,000 extra staff. However, there … Read more
Mr Carney has been attacked for his warnings,made before the referendum on European Union membership Mr Carney took over as Governor in June 2013 for an eight years term, but with an option to leave after five years. On Saturday The Times reported that he was “more likely than not” to choose to return to … Read more
Nissan has confirmed it will build both the new Qashqai and the X-Trail SUV at its Sunderland plant thanks to government “support and assurances”. The Japanese company’s commitment to Britain’s biggest car plant had been in doubt following the EU referendum. It comes as economic growth in the three months after the vote confounded expectations, … Read more