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The Secretary of State also leads UK government representation at meetings of the World Trade Organization, and at ministerial meetings of the G7 and G20 where the Secretary of State is further responsible for developing and maintaining the UK's overseas business network. [10]
The current role of Secretary of State for Business and Trade was established on 7 February 2023 after a cabinet reshuffle by Prime Minister Rishi Sunak saw the dissolution of the Department for Business, Energy and Industrial Strategy and its responsibilities transferred to three new departments: Department for Business and Trade, the ...
The Department for Business, Energy, and Industrial Strategy (BEIS) [3] was a ministerial department of the United Kingdom Government, from July 2016 to February 2023. The department was formed during a machinery of government change on 14 July 2016, following Theresa May 's appointment as Prime Minister .
After extensive privatisation of the public sector during the Margaret Thatcher administration, there remain few statutory corporations in the UK. Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail.
Sterling fell 0.4% to 1.215 US dollars, having last week hit its lowest level against the dollar since November 2023 amid the sell-off in Government bonds. UK Government bonds – also known as ...
The Government of the United Kingdom is divided into departments that each have responsibility, according to the government, for putting government policy into practice. [1] There are currently 24 ministerial departments, 20 non-ministerial departments, and 422 agencies and other public bodies, for a total of 465 departments. [2]