Scottish Power: energy price cap not working October 19, 2021 The UK’s energy price cap is not working and the country is now paying the price, argues the boss of Spanish energy giant Iberdrola. Ignacio Galan, chief executive of Iberdrola, which owns Scottish Power, believed that the price cap is a short-term solution to protect consumers that has caused long-term damage to the market. He [...]
Treasury says UK’s ‘net-zero strategy’ will mean future tax rises to cover £37bn Budget blackhole October 19, 2021 The government’s newly released plan to get the UK to net-zero carbon emissions by 2050 would blow a £37bn blackhole in the Budget that would need to be filled by tax rises, according to the Treasury. Treasury analysis of the Net-Zero Strategy said the plans would mean “the loss of significant amounts of tax revenue [...]
Energy efficiency requirements may slow housing market – CityAM : CityAM October 19, 2021 The housing market may be stalled by government plans to require buyers to improve their new homes’ emergency efficiency under their mortgage terms. Property Mark, the trade body that represents letting agents, said the requirements – which have yet to be set out in detail – could initially deter people from moving homes. Mortgage lenders [...]
Goldman Sachs to continue business with fossil fuel companies October 19, 2021 Goldman Sachs will still work with fossil fuel companies. The Wall Street bank fears there will be “inflationary” consequences if private capital is diverted away from fossil fuels too aggressively. CEO David Solomon told Bloomberg that the bank will not stop its business with fossil fuel companies abruptly. Solomon stressed the need for a balanced [...]
‘Bitcoin Bankathon’ looks to find El Salvador’s financial future October 19, 2021 Banco Hipotecario has today announced it will be running the first Bitcoin Bankathon next month.
Home away from home offices: Employees ears are not burning, but the 2-ply toilet roll might be October 19, 2021 Boris Johnson’s recent announcement that “you have got to be able to come in [to the office] … and know what everybody is talking about … otherwise you are going to be gossiped about and you are going to lose out”, has caused a mixed outpouring of bemusement, derision and mirth. “How can anyone [...]
UK’s net-zero strategy will ‘support’ 440,000 jobs by 2030, says Boris Johnson October 19, 2021 The UK’s newly unveiled strategy to reach net-zero carbon emissions by 2050 will “support” 440,000 new jobs over the next decade, according to Boris Johnson. Johnson said the UK’s “net-zero strategy”, released today, will also “unlock” £90 billion in investment by 2030. The document pledges that the UK will be powered entirely by clean electricity [...]
Striking traditional radiators for every room October 19, 2021 | Sponsored Make a design statement while adding an extra level of comfort this autumn with award-winning, British-made traditional cast iron radiators. Cast Iron Radiators stocks more than 80 decorative and traditional castings that can be assembled according to your exact requirements at its Yorkshire factory. The company has the UK’s widest range of finishes, including Farrow [...]
Dividend powerhouse: Growth in Asia fastest in the world despite HSBC’s £6.1bn drop October 19, 2021 Looking at income, dividend growth in Asia Pacific has been significantly faster than the global average, up 139 per cent over the last ten years, compared to 109 per cent for the rest of the world. Dividend growth in South Korea has been surpassed only by Russia over that period. And this has continued during the pandemic, which has [...]
Uyghurs: MPs call for parliament pension fund to divest from Chinese firms : CityAM October 19, 2021 A cross-party group of 117 MPs have called for the Parliament Pension fund to divest from Chinese companies linked to Xinjiang – the region where Uyghurs are being ethnically cleansed. The group of MPs – which includes shadow foreign secretary Lisa Nandy, former Tory leader Sir Iain Duncan Smith and former cabinet minister Dr Liam [...]