Banks and energy companies should share burden of record energy bills September 1, 2022 Banks and energy companies shareholders should help finance a sustained freeze on record household energy bills.
UK’s review of remote working holidays sparks tax crackdown fears September 1, 2022 The UK’s Office for Tax Simplification (OTS) has opened a review into those who work abroad remotely, in a sign the government may soon begin to crack down on remote working holidays. The OTS has begun collecting data on people who work for UK companies from abroad, following a major uptick in the numbers of [...]
US blocks chip duo from selling certain chips to China and Russia September 1, 2022 The US has successfully blocked two American chip companies, Nvidia and AMD, from selling certain chips to China and Russia. As part of the country’s newly passed $52bn Chips Act, companies taking advantage of the support and desirable subsidies package on US soil must comply with a new regulation – which seeks to limit the supply of [...]
Energy UK backs scheme to cut down profits from renewable generators September 1, 2022 Energy UK has called for nuclear plants and electricity generators to ditch their lucrative renewable obligation contracts.
EU considers bloc-wide tax on energy prices as winter crisis deepens September 1, 2022 The EU could bring in a bloc-wide tax on energy profits and cap prices as it ramps up its response to an escalating winter crisis.
Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
Liz Truss or Rishi Sunak to face Whitehall strike on first day as prime minister September 1, 2022 The next prime minister will be forced to face strike action in Whitehall on their first day in office, the public sector workers’ union has warned. Either Liz Truss or Rishi Sunak will face industrial action on the part of Whitehall workers, after members of the Public and Commercial Services (PCS) union voted strike. The [...]
Manufacturers urge government to table support package in face of ‘stormy waters’ September 1, 2022 The government has been urged to table a support package for the British manufacturers. Industry body Make UK has warned that rising gas and oil prices and overall inflation will “shatter” expectations of a sustaining a pandemic recovery. “We are clearly heading for very stormy waters in the face of eyewatering increases in energy costs [...]
Ovo Energy proposes ‘progressive’ support package to ease record bills September 1, 2022 The boss of Ovo Energy has called for a "progressive" support package to ease household energy bills, similar in design to the country's income tax system.
Johnson commits funding to Sizewell C nuclear plant to ‘get on’ with project September 1, 2022 Press Association Boris Johnson promised £700 million of funding for the Sizewell C nuclear power project as part of a drive to improve the UK’s energy security. The Prime Minister said the spike in gas prices driven by Vladimir Putin’s invasion of Ukraine showed why new nuclear generation capacity was needed in the UK. The [...]