The Department for Business, Energy and Industrial Strategy (BEIS) is no more, with the remit of both being split between two new departments – the Department for Energy Security and Net Zero, and the Department for Business and Trade.

The government said that new net-zero department has been tasked with securing our long-term energy supply, bringing down bills, and halving inflation. It says the move recognises the significant impact rising prices have had on households across the country as a result of Putin’s illegal war in Ukraine, and the need to secure more energy from domestic nuclear and renewable sources as we seize the opportunities of net-zero. The department will be helmed by Grant Shapps, the former Secretary of State for BEIS.

The Department for Business and Trade, by comparison, will support growth by backing British businesses at home and abroad, promoting investment and championing free trade. It will be headed up by Kemi Badenoch, the former international trade secretary.