Department for Business and Trade

Three months into the year, and the momentum continues 👏

Tomorrow, the National Living and Minimum Wages will rise, seeing the country’s lowest paid get a pay rise over twice the rate of inflation. We’re putting more money straight into the pockets of working people – and businesses can see the benefits too. There are some actions you need to take if you’re an employer: Check the new rates at gov.uk/checkyourpay and identify which staff are due the new rate ✅ Update payroll and communicate the changes to staff as soon as possible ✅ Call the Acas helpline on 0300 123 1100 to get advice and support on paying workers correctly ✅

Tap into new markets and expand your business globally 🌍 Join one of our upcoming events to discover opportunities 👉 https://ow.ly/wU3950VpC9C

UK services 🤝 breaking records The UK exported £508bn of services last year, our highest year on record 📈

Wales is set to benefit from £250m investment from Vishay Intertechnology, Inc. one of the world’s largest manufacturers of semiconductors, to boost production at its state-of-the-art factory in Newport. This will directly support over 500 high value, high skilled jobs in the area - and is another demonstration of businesses confidence in the UK's industrial landscape.

We’re continuing to create the conditions for businesses to thrive in the UK – as chancellor Rt Hon Rachel Reeves set out in her Spring Statement today 👇

Following new evidence submitted to us by UK Steel, we have expanded the scope of a review of the UK's steel safeguard measure to ensure this information is fully considered. UK Steel, the trade association for the UK steel industry, had submitted evidence to the us that there have been changes in circumstance that may warrant a change to the current tariff rate quotas imposed. We have therefore decided to examine this new evidence as part of a review already underway into the developing countries excepted from the safeguard measure. #steel #safeguard #trade More info here: https://lnkd.in/eaEYixCN

US company GE Vernova is bringing 600 new jobs to Staffordshire as they invest into the expansion of their transformers manufacturing facility. This will help ensure UK-manufactured critical electrical infrastructure powers projects across the UK and beyond. Last week, business and trade secretary Jonathan Reynolds MP met with chief corporate officer Roger Martella to discuss how the partnership is driving our growth mission, underpinned by our Industrial Strategy - making the UK the best place in the world to invest.

Calling UK tech pioneers 🚀 Showcase your innovation at London Tech Week 2025 — the UK's biggest and most influential tech event. Apply by 11 April to join our UK tech showcase 👉 https://ow.ly/W4Ty50VncmY We're promoting high-growth, high-profit industries of the future, like tech, as part of our Industrial Strategy. #UKIndustrialStrategy

Scared of heights? Our investment minister isn’t 👀 🏗️ DP World | Poppy Gustafsson | Sarah Mooney