‘High energy costs have held back businesses’, says Miliband as government announces industrial strategy – UK politics live

<p>Prime minister says 10-year industrial strategy marks ‘turning point for economy’ as energy secretary says government will cut electricity costs for businesses</p><p>By the way, if you actually wanted to read the <strong>Modern Industrial Strategy</strong> document published by the government today, you can find it <a href="https://www.gov.uk/government/publications/industrial-strategy">here</a>.</p><p>The government has just pushed out <a href="https://www.gov.uk/government/news/uks-key-business-groups-back-governments-modern-industrial-strategy">a joint statement</a> from business leaders welcoming it, which says:</p><p>The Industrial Strategy launched today marks a significant step forward and a valuable opportunity for the business community to rally behind a new vision for the UK – boosting confidence, sentiment, and enthusiasm for investment.</p><p>From start-ups and small businesses to large corporates, businesses need a more attractive, stable environment that enables faster, easier, and more certain investment decisions.</p><p>For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.</p><p>As part of our modern industrial strategy we’re unlocking the potential of British industry by slashing industrial electricity prices in key sectors.</p> <a href="https://www.theguardian.com/politics/live/2025/jun/23/david-lammy-us-strikes-iran-labour-keir-starmer-uk-politics-latest-updates-news">Continue reading...</a>