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Business leader

Observer business writers reflect on the week's events
  • GERMANY-AUTOMOBILE-COMPANY-VOLKSWAGEN<br>An employee of German car maker Volkswagen (VW) mounts the lower body that includes the battery and charging port of the Volkswagen ID.3 electric car at the Volkswagen car factory in Zwickau, eastern Germany, on February 25, 2020. (Photo by RONNY HARTMANN / AFP) (Photo by RONNY HARTMANN/AFP via Getty Images)

    Battery failures like Johnson Matthey risk leaving British carmakers disconnected

    The UK automotive industry will need a large local supply of battery capacity. If it does not get it, it could shrink quickly
  • Ineos Group Holdings Plc.'s Grangemouth Refinery<br>A golfer across a golf course in front of the Grangemouth Refinery, operated by Ineos Group Holdings Plc., in Grangemouth, Scotland, on Tuesday, July 26, 2011. Ineos units based at Grangemouth in Scotland have written to Chancellor of the Exchequer George Osborne to warn him of "grave consequences" for U.K. manufacturing should he proceed as planned in 2013 with the carbon-trading price floor, Richard Longden, a spokesman for Ineos, said in an e-mail. Photographer: Mike Wilkinson/Bloomberg via Getty Images

    Big oil wisely acts as a climate ally, but the rising crude price is far from net zero

    The likes of BP and Shell promise a ‘transition’ to green energy backed by their revenues. They need to convince us further
  • Budget 2021<br>Chancellor of the Exchequer Rishi Sunak during a visit to Fourpure Brewery in Bermondsey, London, after he delivered his Budget to the House of Commons. Picture date: Wednesday October 27, 2021. PA Photo. See PA story POLITICS Budget. Photo credit should read: Dan Kitwood/PA Wire

    Sunak isn’t planning for business – he’s budgeting for the next election

    The chancellor is politically astute, but there is less substance in his investment plans than it appears
  • UK Fuel Crisis Spurs Inquiries About Electric Cars, Say Dealers<br>LONDON, ENGLAND - SEPTEMBER 29: A motorist plugs his electric van to charge point at a Motor Fuel Group station whilst petrol and diesel pumps are closed on the Esso forecourt due to the ongoing fuel crisis on September 29, 2021 in London, England. Electric vehicle dealers in England reported a spike in inquiries over the weekend as the UK struggled with a retail petrol shortage, due to delivery disruptions and resultant "panic buying." (Photo by Chris J Ratcliffe/Getty Images)

    All hail the net zero strategy: a year late and lacking in both ambition and funding

    The UK rushed out its climate plan just days before Cop26 – and it shows. The planet can’t afford further bluster and delay
  • Kwasi Kwarteng told energy companies they should welcome an early forecast of a mild winter.

    A secure UK gas supply is meaningless, minister, if no one can pay their bills

    The government’s policy of crossing its fingers and hoping for the best isn’t going to help anyone get through the winter
  • Slavyanskaya compressor station of Nord Stream 2 gas pipeline<br>LENINGRAD REGION, RUSSIA JULY 27, 2021: An output filtration facility of a gas treatment unit at the Slavyanskaya compressor station (operated by Gazprom), the starting point of the Nord Stream 2 offshore natural gas pipeline. A gas treatment unit has been launched at the station. The Nord Stream 2 pipeline will supply gas from natural gas fields in the Yamal Peninsula from where main pipelines have been laid to the Slavyanskaya compressor station. According to Russia's Deputy Prime Minister Alexander Novak, the construction of Nord Stream 2 will be completed by the end of this year. Peter Kovalev/TASS (Photo by Peter Kovalev\TASS via Getty Images)

    Like it or not, with Nord Stream 2, Putin has a foot on the gas Europe badly needs

    With Gazprom’s flagship pipeline poised to deliver energy under the Baltic, leaders have little choice but to do business
  • Major companies, including Pret a Manger, have offset the minimum wage by cutting other workers’ benefits.

    The minimum wage is meaningless if we don’t treat workers with respect

    Labour’s basic pay declaration is well-intentioned, but will achieve little when zero-hours contracts and weak enforcement undermine employment law
  • Souter, right, with Richard Branson at the launch of the high-speed Pendolino train in 2002.

    Stagecoach takeover could mark end of a profitable era for bus and train tycoons

    The fortunes of Brian Souter’s firm seem to have closely followed those of privatised public transport in the UK
  • A ferry arrives at Dover

    Global Britain’s cheerleaders may have to live with lasting damage to exports

    Kicking post-Brexit import controls down the road for a second time puts UK goods at a disadvantage
  • A young woman working in the ‘gig economy’, for Deliveroo, the takeaway food delivery company.

    Higher wages are welcome, but workers should not think fortunes have changed

    Pay in Britain has been low for a long time, and for many reasons. There is no evidence that Brexit will change that
  • A fitter inspects the Fan Blades of a Trent 800 Aero engine for a Boeing 777 Aircraft at Rolls Royce factory<br>AYH6F7 A fitter inspects the Fan Blades of a Trent 800 Aero engine for a Boeing 777 Aircraft at Rolls Royce factory

    Rolls-Royce needs jets in the air – and government on its side for the long haul

    Strategic thinking is required after a hit to profits in the pandemic left the British group vulnerable to US activist investors
  • A Tesco lorry on the M4

    Whitehall must act on skills shortages – or see businesses driven into the ground

    Adding lorry drivers to the skilled worker list might help fill supermarket shelves – if, of course, such drivers want to come and work for UK pay rates
  • A lorry passes through the Port of Larne, County Antrim.

    One upshot of Brexit Johnson didn’t foresee: bringing the Irish closer

    Trade between Northern Ireland and the Republic has soared this year, while life for British exporters looks set to get grimmer
  • A steelworker in full protective gear silhouetted against the sparks and bright glow of molten steel behind him

    With enough vision, the furlough scheme could have become a lifeboat for industry

    All signs are that the chancellor will end his wage support initiative next month. If he does, it will be a chance missed
  • Pimlico Plumbers has a ‘no jab no job’ policy but this could be difficult to enforce legally.

    Employment rights offer UK immunity to mandatory workplace Covid jabs

    A growing list of American businesses are demanding that their staff be immunised but corporate culture, and law, differ in Britain
  • Star trails over an electricity pylon

    To the family choosing whether to heat or eat, the energy cap isn’t ‘fair’ at all

    The Ofgem cap is set to rise to unaffordable levels for households let down by this government’s energy failures
  • Jeff Bezos’ Blue Origin New Shepard Space Vehicle Flies The Billionaire And Other Passengers To Space<br>VAN HORN, TEXAS - JULY 20: Blue Origin’s New Shepard crew (L-R) Oliver Daemen (hidden), Mark Bezos, Jeff Bezos, and Wally Funk arrive for a press conference after flying into space in the Blue Origin New Shepard rocket on July 20, 2021 in Van Horn, Texas. Mr. Bezos and the crew were the first human spaceflight for the company. (Photo by Joe Raedle/Getty Images)

    Billionaire space cowboys could become heroes by focusing on the climate crisis

    Bezos, Musk and Branson have achieved much – but the biggest challenge facing humanity is not the stars, but our planet
  • Bank of England Governor Andrew Bailey holds the new £50 note, which features mathematician Alan Turing.

    Inflation isn’t out of control yet, governor, but can you reassure us it won’t be?

    The Bank of England’s Andrew Bailey needs to say what he will do if the rate of price increases – already 2.5% – remains high
  • A Wall Street trader:

    Even if Covid hits shares, we must not inflate another cheap-money bubble

    The Delta variant is rattling markets. But the temptation to soothe them with quantitative easing must be resisted
  • Morrisons supermarket branch

    Morrisons takeover saga could bring lots more twists before it’s in the bag

    The supermarket’s board has secured a better offer from Fortress, but there could be more on the way
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