Home β€Ί Minister Scorecards β€Ί Peter Kyle
βš–οΈ Independent Assessment: This scorecard is an independent public accountability assessment. It is not an official government publication.
Secretary of State for Business and Trade

Peter
Kyle

Minister Scorecard

How his decisions are impacting your household in 2026/27

View Budget Impact Compare Ministers
Last updated: 14 May 2026 Β· Data sources: BEIS, ONS, OBR, House of Commons Library
Overall Score
63 /100
Watchlist
πŸ’° Household Cost Impact +Β£11/mo
πŸ“Š Budget Delivery Score 61%
βœ“ Promise Delivery 58%
⚑ Fiscal Efficiency 6/10
πŸ‘₯ Public Confidence 41%
About the Scoring System β†’
Section β‘ 
What Peter Kyle's Policies Cost Your Household
Breakdown of all policy changes and cost pass-throughs impacting the average household in 2026/27.
Policy 2025/26 (Actual) 2026/27 (Planned) YOY Change Per Household/Month
🏒Employer NI Business Pass-through £9.8bn £11.2bn +£1.4bn +£4.20
🏒Business Rates (SME impact) £26.1bn £27.8bn +£1.7bn +£2.80
🌐Digital Services Levy £0.8bn £1.2bn +£0.4bn +£1.80
πŸ“¦Trade Facilitation Costs Β£1.1bn Β£1.4bn +Β£0.3bn +Β£1.00
⚑Industrial Strategy Fund £0.6bn £0.8bn +£0.2bn +£1.20
TOTAL HOUSEHOLD IMPACT +Β£11.00/mo
Sources: BEIS, HM Treasury, ONS Business Survey, OBR May 2026
Cumulative Household Impact Over Time
Β£0 Β£5 Β£8 Β£11 21/22 22/23 23/24 24/25 25/26 26/27 Β£11
Your household is Β£11.00 worse off per month in 2026/27 compared to 2024/25 due to business cost pass-throughs.
Section β‘‘
Promises vs Reality
What Peter Kyle said before and after taking office β€” and what actually happened.
Promise Made

"We will create a modern industrial strategy."

What Happened

Industrial Strategy published Oct 2025, but only 3 of 8 priority sectors received committed funding. SME investment down 12%.

Impact

Most of the economy's key sectors remain without a committed government growth plan or funded support.

~ PARTIAL
Promise Made

"We will grow exports and open new trade routes."

What Happened

UK goods exports to EU fell 4%. New trade agreements: 1 signed (Gulf), 2 in negotiation.

Impact

Exporters face continued barriers. UK goods trade to major markets is declining, not growing.

~ PARTIAL
Promise Made

"Business rates reform will support the high street."

What Happened

Business rates multiplier frozen but reliefs cut. Retail vacancy rate reached 14.2%. High street footfall down 6%.

Impact

One in seven high street units now stands empty. The promised reform has not materialised into real relief for retailers.

βœ• FAILED
View All Promises & Commitments β†’
Section β‘’
Key Performance Indicators
10 core metrics tracked against Peter Kyle's stated targets for 2026/27.
πŸ“Š
Business Investment
Target: +5%
-2.1%
FAILED
ONS May 2026
🌐
Goods Exports
Target: +8%
-4%
FAILED
HMRC Apr 2026
πŸͺ
Retail Vacancy
Target: <10%
14.2%
FAILED
BRC Apr 2026
🏭
Manufacturing Output
Target: +3%
+0.8%
OFF TRACK
ONS May 2026
πŸ’Ό
New Business Formation
Target: 800k/yr
720k
OFF TRACK
Companies House 2026
🀝
Trade Agreements
Target: 3 signed
1 signed
OFF TRACK
DBT May 2026
⚑
Industrial Strategy
Target: All 8 sectors
3 funded
OFF TRACK
BEIS Oct 2025
πŸ’°
Business Rates Reform
Target: Complete
Delayed
OFF TRACK
BEIS May 2026
πŸš€
Tech Unicorns
Target: +20
+11
OFF TRACK
Dealroom 2026
πŸ”’
Supply Chain Security
Target: Improved
Partial
OFF TRACK
DBT May 2026
Section β‘£
Every Penny In, Every Penny Out
How BEIS/Trade budgets are allocated across priorities in 2026/27.
2026/27 Spending
Β£42.8bn
Total
Business Support β€” 28%
Trade β€” 22%
Industry β€” 18%
Digital β€” 16%
Other β€” 16%
Area Share Approx. Value
Business Support28%Β£12.0bn
Trade22%Β£9.4bn
Industry18%Β£7.7bn
Digital16%Β£6.8bn
Other16%Β£6.9bn
TOTAL (BEIS/DBT)100%Β£42.8bn
Source: HM Treasury Spending Review 2025, BEIS Annual Report 2026
Explore Full Spending Breakdown β†’
Section β‘€
Questions the Public Are Asking
The most searched questions about Peter Kyle β€” answered with data.
Why is business investment falling? +
Business investment fell 2.1% in 2025/26, against a target of +5%. The employer NI rise increased employment costs, directly reducing capital spending. CBI data shows business confidence at -18, the lowest since 2020. Firms are prioritising wage cost absorption over investment in new plant, equipment, and technology.
What is the Industrial Strategy? +
Labour's Industrial Strategy, published in October 2025, identified 8 priority sectors for government support: clean energy, advanced manufacturing, life sciences, digital technology, creative industries, financial services, defence, and agri-food. However, only 3 of these sectors β€” clean energy, life sciences and defence β€” have received committed funding packages. The remaining 5 sectors are still awaiting formal investment commitments.
Why are high streets still struggling? +
The retail vacancy rate reached 14.2% in early 2026, with high street footfall down 6% year-on-year. Despite promises of business rates reform, the multiplier freeze has been accompanied by cuts to small business relief schemes. Higher employer NI costs have also forced many retailers to reduce staffing or close additional locations rather than invest in reopening vacant units.
What trade deals has Labour done? +
Labour signed one trade agreement β€” with Gulf Cooperation Council countries β€” by May 2026. Two further agreements (India and Canada) remain in active negotiation but have not been concluded. The target was 3 signed agreements by this point. Meanwhile, UK goods exports to the EU fell 4% as post-Brexit trade friction continues to affect British exporters.
How do business rates affect prices? +
Business rates are a property tax paid by commercial occupiers. When rates rise or reliefs are cut, businesses pass those costs to consumers through higher prices. The British Retail Consortium estimates business rates add approximately Β£2.80 per household per month to the cost of goods and services. With reliefs cut and the multiplier maintained, this pass-through cost continues to rise.
Public Sentiment
Approve 41%
Disapprove 44%
No change 10%
Source: YouGov May 2026 Β· n=4,200
Have Your Say
How has the cost of business impacted your household?
Significantly worse off52%
Somewhat worse off28%
No change14%
Better off6%
Britain Needs Us community poll Β· May 2026 Β· n=14,820
Share This Scorecard
Peter Kyle β€” 63/100
BUSINESS INVESTMENT DOWN 2%
HIGH STREET VACANCY 14% Β· Britain Needs Us
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