Department for Business and Trade

The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. While the mandate itself does not specify numbers, types of businesses, location, or sectors, the Bank has an excellent track record of addressing disparities in investment within the UK, with the Bank’s Impact report 24/25 showing that 24,000 businesses have newly benefited from finance supported by the Bank and 84% of businesses were outside London. The Bank will continue to report regularly on the impact of its interventions.

The Secretary of State and the Chancellor have jointly set the British Business Bank a strategic mandate over the next five years. This includes a new mission to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. While the mandate itself does not specify numbers, types of businesses, location, or sectors, the Bank has an excellent track record of addressing disparities in investment within the UK, with the Bank’s Impact report 24/25 showing that 24,000 businesses have newly benefited from finance supported by the Bank and 84% of businesses were outside London. The Bank will continue to report regularly on the impact of its interventions.

Both UK government Ministers and officials have engaged extensively with ExxonMobil regarding the Mossmorran Fife Ethylene Plant.

Following the closure announcement, Ministers met with Unite and GMB union representatives to discuss workforce support options.

The UK Government has not had access to ExxonMobil's internal management accounts for Mossmorran operations.

Both UK government Ministers and officials have engaged extensively with ExxonMobil regarding the Mossmorran Fife Ethylene Plant.

Following the closure announcement, Ministers met with Unite and GMB union representatives to discuss workforce support options.

The UK Government has not had access to ExxonMobil's internal management accounts for Mossmorran operations.

Both UK government Ministers and officials have engaged extensively with ExxonMobil regarding the Mossmorran Fife Ethylene Plant.

Following the closure announcement, Ministers met with Unite and GMB union representatives to discuss workforce support options.

The UK Government has not had access to ExxonMobil's internal management accounts for Mossmorran operations.

Royal Mail is an independent business and therefore recruitment and retention policies are for its management. The government does not have a role in Royal Mail’s operational or commercial decisions.

As the independent regulator for the postal sector, it is for Ofcom to oversee Royal Mail’s delivery of the universal service obligation and decide how to respond should Royal Mail fail to meet its obligations. Ofcom takes compliance with its regulatory targets seriously and this involves conducting thorough investigations where failures have been identified.

In October, Ofcom fined Royal Mail £21 million for failing to meet its quality-of-service targets and has told Royal Mail it must urgently publish and deliver a credible plan that delivers major and continuous improvement.

Royal Mail is an independent business and therefore recruitment and retention policies are for its management. The government does not have a role in Royal Mail’s operational or commercial decisions.

As the independent regulator for the postal sector, it is for Ofcom to oversee Royal Mail’s delivery of the universal service obligation and decide how to respond should Royal Mail fail to meet its obligations. Ofcom takes compliance with its regulatory targets seriously and this involves conducting thorough investigations where failures have been identified.

In October, Ofcom fined Royal Mail £21 million for failing to meet its quality-of-service targets and has told Royal Mail it must urgently publish and deliver a credible plan that delivers major and continuous improvement.

The previous Government, of which the noble lord was a member, launched a public consultation into a potential UK/Maldives FTA in 2023. The Department for Business and Trade has subsequently evaluated its Free Trade Agreement (FTA) programme and decided not to progress a UK-Maldives FTA at this time. It would be inappropriate to speculate on what might or might not be included in an FTA which we are not pursuing.

The previous Government, of which the noble lord was a member, launched a public consultation into a potential UK/Maldives FTA in 2023. The Department for Business and Trade has subsequently evaluated its Free Trade Agreement (FTA) programme and decided not to progress a UK-Maldives FTA at this time. It would be inappropriate to speculate on what might or might not be included in an FTA which we are not pursuing.

The previous Government, of which the noble lord was a member, launched a public consultation into a potential UK/Maldives FTA in 2023. The Department for Business and Trade has subsequently evaluated its Free Trade Agreement (FTA) programme and decided not to progress a UK-Maldives FTA at this time. It would be inappropriate to speculate on what might or might not be included in an FTA which we are not pursuing.

The Government’s sanctions regime has seen UK goods imports from Russia fall by 99.6% since the illegal invasion of Ukraine. Imports of Russian aircraft are banned. The Russian imports referenced in the UK Trade and Investment Factsheet are of aircraft parts, which are not sanctioned. The sanctions regime constrains Russian war revenues, whilst protecting critical supply chains and the stability of global markets. We are investigating manufacturers’ reliance on Russian aircraft parts.

The Government does not speculate on future import controls as to do so could reduce their impact. We continue to monitor the effectiveness of these measures.

HMG is prevented from disclosing information regarding importers under section 18 of the Commissioners for Revenue and Customs Act 2005.

Statistics notes and sources:

• Goods data covers 12 months to September 2025 compared with 2021 - HMRC Overseas Trade Statistics September 2025

The Government’s sanctions regime has seen UK goods imports from Russia fall by 99.6% since the illegal invasion of Ukraine. Imports of Russian aircraft are banned. The Russian imports referenced in the UK Trade and Investment Factsheet are of aircraft parts, which are not sanctioned. The sanctions regime constrains Russian war revenues, whilst protecting critical supply chains and the stability of global markets. We are investigating manufacturers’ reliance on Russian aircraft parts.

The Government does not speculate on future import controls as to do so could reduce their impact. We continue to monitor the effectiveness of these measures.

HMG is prevented from disclosing information regarding importers under section 18 of the Commissioners for Revenue and Customs Act 2005.

Statistics notes and sources:

• Goods data covers 12 months to September 2025 compared with 2021 - HMRC Overseas Trade Statistics September 2025

The Government’s sanctions regime has seen UK goods imports from Russia fall by 99.6% since the illegal invasion of Ukraine. Imports of Russian aircraft are banned. The Russian imports referenced in the UK Trade and Investment Factsheet are of aircraft parts, which are not sanctioned. The sanctions regime constrains Russian war revenues, whilst protecting critical supply chains and the stability of global markets. We are investigating manufacturers’ reliance on Russian aircraft parts.

The Government does not speculate on future import controls as to do so could reduce their impact. We continue to monitor the effectiveness of these measures.

HMG is prevented from disclosing information regarding importers under section 18 of the Commissioners for Revenue and Customs Act 2005.

Statistics notes and sources:

• Goods data covers 12 months to September 2025 compared with 2021 - HMRC Overseas Trade Statistics September 2025

On 10 July this year, Ofcom announced its decision on its review of the universal service obligation. This involved a consultation to which the Communication Workers’ Union (CWU) and Unite CMA responded.

The government is aware that Royal Mail's management and the new owners are in discussion with the CWU and encourages both parties to continue their constructive engagement to agree the best approach to reform that supports workers, and delivers for customers and secures the long-term financial sustainability of the universal postal service.

Companies House has developed and is continuing to develop capabilities in data analysis and measures to prevent the registration of misleading information and to better understand what measures will prove effective in preventing the registration of misleading information.

As of 31 October 2025, Companies has addressed 148,084 compliance issues involving 85,201 companies. Performance in this reporting period is on track to meet the ministerial target set out in Companies House’s 2025-2026 Business Plan to act against 150,000 companies.

Provisions on the recognition of professional qualifications (RPQ) are an important part of the services chapters in the UK’s international trade agreements, including within the UK-Switzerland RPQ Agreement and our Free Trade Agreements with Norway, Iceland, Liechtenstein, Australia, New Zealand and India.

DBT works closely with our overseas partners to promote the UK’s world-leading professional qualifications. Under our international arrangements DBT has committed to encourage our independent occupational regulators and professional membership bodies, including the British Computer Society, to consider pursuing RPQ agreements with international partners. DBT supports these bodies to do so.

The Department’s impact assessment of the UK-New Zealand Free Trade Agreement was published under the previous government on 28th February 2022. This impact assessment set out the potential long-run incremental economic impact of the FTA and is available on gov.uk. On a recent visit to New Zealand I saw how the FTA – and the trade advantages consequent upon our membership of the CPTPP – are being used.

The Department is currently considering our approach to FTA Monitoring, and we will provide an update on this in due course.

The Department’s impact assessment of the UK-Australia Free Trade Agreements was published under the previous government on 16th December 2021. This impact assessment set out the potential long-run incremental economic impact of the FTA and is available on gov.uk. On a recent visit to Australia for the CPTPP Commission I saw how the FTA – and the trade advantages consequent upon our membership of the CPTPP – are being used.

The Department is currently considering our approach to FTA Monitoring, not least because we want to see how effectively FTAs are being used by UK businesses and we will provide an update on this in due course.

Where the British Business Bank receives complaints about lenders' actions on debt recovery, cost of lending and fees charged by lenders, these are referred to the relevant lender. While all complaints are logged, the current system does not include a specific category for debt-recovery-related issues. No fees were charged under the COVID-19 loan schemes, and there are no fees for Start Up Loans other than interest payments.

DBT is continually assessing benefits of opportunities to improve recognition of professional qualifications with the EU. Improvements would reduce market access barriers, address skills gaps, and promote growth.

The UK Government is committed to improving recognition of professional qualifications with the EU. At the 2025 UK-EU Summit we agreed to establish dedicated dialogues with the Commission on the relevant provisions in the Trade and Cooperation Agreement. HMG is encouraging and supporting UK regulators to work with their EU counterparts, including through guidance and targeted funding.

The Trade Remedies Authority (TRA) is the UK’s investigatory body that exists to defend the UK against unfair international trade practices, including dumping.

I encourage UK industry to engage directly with the TRA if they believe they are being injured by dumped goods.

While the Department remains vigilant to any reports of potential injury to industries from unfair trading practices, and regularly engages with the automotive sector, I am not aware any application to the TRA at this time.

No assessment has been made of the potential impact of unregulated fireworks use on animal welfare, or merits of restricting sales of high-noise fireworks. Building on the work of my predecessor, I will continue to engage with stakeholders, including veterinary organisations, to gather evidence on the issues with and impacts of fireworks to inform any future action.

The Government launched a public campaign on fireworks safety for this year’s fireworks season. The campaign includes guidance for those running community events, which encourages the use of low-noise fireworks and social media posts that emphasise the risks from the misuse of fireworks.

No assessment has been made of the potential impact of unregulated fireworks use on animal welfare, or merits of restricting sales of high-noise fireworks. Building on the work of my predecessor, I will continue to engage with stakeholders, including veterinary organisations, to gather evidence on the issues with and impacts of fireworks to inform any future action.

The Government launched a public campaign on fireworks safety for this year’s fireworks season. The campaign includes guidance for those running community events, which encourages the use of low-noise fireworks and social media posts that emphasise the risks from the misuse of fireworks.

No assessment has been made of the potential impact of unregulated fireworks use on animal welfare, or merits of restricting sales of high-noise fireworks. Building on the work of my predecessor, I will continue to engage with stakeholders, including veterinary organisations, to gather evidence on the issues with and impacts of fireworks to inform any future action.

The Government launched a public campaign on fireworks safety for this year’s fireworks season. The campaign includes guidance for those running community events, which encourages the use of low-noise fireworks and social media posts that emphasise the risks from the misuse of fireworks.

No assessment has been made of the potential impact of unregulated fireworks use on animal welfare, or merits of restricting sales of high-noise fireworks. Building on the work of my predecessor, I will continue to engage with stakeholders, including veterinary organisations, to gather evidence on the issues with and impacts of fireworks to inform any future action.

The Government launched a public campaign on fireworks safety for this year’s fireworks season. The campaign includes guidance for those running community events, which encourages the use of low-noise fireworks and social media posts that emphasise the risks from the misuse of fireworks.

No assessment has been made of the potential impact of unregulated fireworks use on animal welfare, or merits of restricting sales of high-noise fireworks. Building on the work of my predecessor, I will continue to engage with stakeholders, including veterinary organisations, to gather evidence on the issues with and impacts of fireworks to inform any future action.

The Government launched a public campaign on fireworks safety for this year’s fireworks season. The campaign includes guidance for those running community events, which encourages the use of low-noise fireworks and social media posts that emphasise the risks from the misuse of fireworks.

The Premises Licensing Taskforce were not consulted on the proposed ban on vaping inside pubs. Members of the Taskforce did not raise vaping in the wider consultation and Call for Evidence on Premises Licensing.

The Tobacco and Vapes Bill gives us the powers to make most public places and workplaces that are smoke-free also vape-free. Exactly which settings should become vape-free will be a matter for secondary legislation and will be subject to a consultation. The Taskforce are able to respond to the consultation. We want to hear the views of all groups.

The Government cannot comment on individual cases. In addition, the Government is unable to assess sector-based trends on the use of non-disclosure agreements as they are private contractual agreements and data on their use is not collected.

Ofcom is the independent regulator for the postal sector with the responsibility and powers to regulate postal services.

The ‘Mail Integrity Objectives’, set out in Ofcom’s Essential Condition 1, seek to minimise the potential for parcels to be subject to loss, theft, damage or interference. Currently this Essential Condition is effectively restricted to Royal Mail’s services delivered under its universal postal service obligation.

Ofcom engages regularly with all parcel operators to understand their approach to implementation of, and compliance with, its consumer protection measures.

Flexible working can make work more inclusive for those facing barriers to staying in and getting on at work, including women navigating parenthood, caring responsibilities, health conditions, and other personal circumstances.

We are changing legislation through the Employment Rights Bill to make it more likely that flexible working requests are accepted.

Where employers do reject a request, they will be required to explain the basis for their decision.

We also intend to run a public consultation in early 2026 on a new process for employers planning to reject a request to prompt dialogue about what types of flexible working might be feasible.

The Government has no plans to regulate the use of such awards.

Under the Toys (Safety) Regulations 2011, all toys placed on the market must meet essential safety requirements. Despite this, we recognise that it remains too easy for non-compliant products to be made available to UK consumers on online marketplaces. The Office for Product Safety and Standards works to assess the prevalence of unsafe toys online and takes enforcement action where needed.

Government has also introduced the Product Regulation and Metrology Act 2025, which allows us to introduce clearer requirements on online marketplaces to improve consumer safety and ensure fair competition. We will consult on proposals with stakeholders in due course.

The Government recognises the significant pressures facing the hospitality sector and the Government is providing support through various measures to help ease these pressures.

We aim to permanently reduce business rates for RHL properties with a rateable value of less than 500,000 and we have announced a new Zero Carbon Services Hospitality trial which aims for Pubs, cafes, restaurants and hotels to receive free energy and carbon cutting advice to slash their energy bills as part of the government’s Plan for Change.

Additionally, the Employment Allowance has been increased to £10,500, meaning 865,000 employers will pay no National Insurance Contributions enabling businesses to employ up to four full-time staff on the National Living Wage without incurring employer NIC costs.

The Department will continue to engage with the sector, including through the Hospitality Sector Council with an aim to co-create solutions to the issues impacting the sector.

The Government recognises the hospitality sector’s vital contribution to growth, tourism, high streets and small businesses. To support this, the Hospitality Sector Council (HSC) was established to co-create solutions and deliver the Hospitality Strategy. The Council works closely with other Government departments, including DCMS, and industry representatives to ensure the sector’s needs are well represented and to maintain a coherent vision for driving growth across multiple strategies. Its Terms of Reference already enable early engagement on strategic issues and alignment with wider Government priorities

While the sector is integral to growth, high streets and small businesses – these all depend of course on more than just the hospitality sector. However, I would like to assure you that during the development of these strategies the sector’s needs and concerns were fully represented.

The Government recognises the hospitality sector’s vital contribution to growth, tourism, high streets and small businesses. To support this, the Hospitality Sector Council (HSC) was established to co-create solutions and deliver the Hospitality Strategy. The Council works closely with other Government departments, including DCMS, and industry representatives to ensure the sector’s needs are well represented and to maintain a coherent vision for driving growth across multiple strategies. Its Terms of Reference already enable early engagement on strategic issues and alignment with wider Government priorities

While the sector is integral to growth, high streets and small businesses – these all depend of course on more than just the hospitality sector. However, I would like to assure you that during the development of these strategies the sector’s needs and concerns were fully represented.

The Government is unable to assess sector-based trends on the use of non-disclosure agreements (NDAs) as they are private contractual agreements and data on their use is not collected.

While NDAs can lawfully be used to require one or more parties to keep certain information confidential (for example, trade secrets), there are a range of legal limitations on their use. For example, NDAs cannot prevent someone from making a whistleblowing disclosure (known formally as a “protected disclosure”) or a disclosure required by law.

The Government is committed to engaging closely with employers throughout the development and implementation of Make Work Pay. Officials meet regularly with the Society of Motor Manufacturers and Traders to discuss the Employment Rights Bill, as well as other bodies representing automotive manufacturers and suppliers, such as Make UK, the largest representative of UK manufacturers. There is also regular engagement through the Auto Council’s Skills Working Group.

The Government is committed to engaging closely with employers throughout the development and implementation of Make Work Pay. Officials meet regularly with the Society of Motor Manufacturers and Traders to discuss the Employment Rights Bill, as well as other bodies representing automotive manufacturers and suppliers, such as Make UK, the largest representative of UK manufacturers. There is also regular engagement through the Auto Council’s Skills Working Group.

On 1 July we launched the Parental Leave and Pay Review, which is considering all existing and upcoming parental leave entitlements, including Paternity Leave and Pay. When considering calls to increase entitlements for parents, the Government will balance the needs of families, the impact on employers, and affordability for taxpayers.

We recognise that more can be done to support working families now. That is why, through the Employment Rights Bill, we are making Paternity Leave a ‘day one’ right, which will bring an extra 32,000 fathers and partners into scope of the entitlement.

On Monday 21 October 2024, the Government published a comprehensive package of analysis on the impact of the Employment Rights Bill [Employment Rights Bill: impact assessments - GOV.UK].

The assessment provides analysis of the potential costs and benefits to business, the impacts on SMEs, potential trade implications as well as the sectoral impacts of the Bill, including the manufacturing sector.

On Monday 21 October 2024, the Government published a comprehensive package of analysis on the impact of the Employment Rights Bill [Employment Rights Bill: impact assessments - GOV.UK].

The assessment provides analysis of the potential costs and benefits to business, the impacts on SMEs, potential trade implications as well as the sectoral impacts of the Bill, including the manufacturing sector.

On Monday 21 October 2024, the Government published a comprehensive package of analysis on the impact of the Employment Rights Bill [Employment Rights Bill: impact assessments - GOV.UK].

The assessment provides analysis of the potential costs and benefits to business, the impacts on SMEs, potential trade implications as well as the sectoral impacts of the Bill, including the manufacturing sector.

The Secretary of State for Business and Trade has not met with representatives of the National Security Strategic Investment Fund (NSSIF) since his appointment.

While the Secretary of State is the sole shareholder of the British Business Bank, which provides operational support and the investment platform for NSSIF, the strategic mandate and policy direction for NSSIF are set by the Department for Science, Innovation and Technology.

All products placed on the UK market must be safe and comply with relevant rules regarding certification, accreditation, or compliance. For example, for products that require UKCA marking, it is an offence to apply a mark that misleads or wrongly claims to show legal compliance.

The Office for Product Safety and Standards, in my Department, and Local Authority Trading Standards have powers to enforce the rules and work together to protect consumers from unsafe or non-compliant products.

In addition, the Digital Markets, Competition and Consumers Act 2024 also prohibits unfair commercial practices, including misleading consumers by falsely describing products or omitting material information.