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Industrial firms are to be hit with nearly £700 million in new property taxes, offsetting some of the Government’s move to slash their energy bills to boost competitiveness, experts have warned.Just a week after the Government’s industrial strategy revealed electricity costs for about 7,000 energy-intensive businesses would be cut by scrapping green levies, estimates suggest many of the larger firms are set to see their business rates bill soar.Around 4,300 large-scale industrial properties in England – across manufacturing sectors such as automotive, aerospace and chemicals – will face a new...

Hundreds of jobs are set to be created across the UK as part of a raft of investments in the technology sector, the Government has announced.It comes as Science and Technology Secretary Peter Kyle told an audience at London Tech Week that the UK must be at “the cutting edge” of rapidly growing technologies, such as AI.The technology sector is a key area of the Government’s efforts to accelerate growth in the UK economy, in a bid to support efforts to increase spending.On Tuesday, a number of “significant investments” in...