UK Energy Strategy: Experts weigh in on plans to transform the domestic energy sector April 7, 2022 Analysts and experts assess the state of the UK's energy sector with the government announcing plans to boost domestic production.
Boris Johnson exploits anti-Russia sentiment to put blame for rising energy bills solely on Moscow April 7, 2022 Prime Minister Boris Johnson said rising energy bills “absolutely soared” after Vladimir Putin’s invasion of Ukraine. “We just can’t carry on like this,” he said in a social media video promoting his new energy strategy. The plan has been criticised for not saying enough about tackling high bills now, instead focusing on longer-term shifts in [...]
Grant Shapps gave private ‘assurance’ to top Tory about scrapping of £3bn HS2 branch from bill April 7, 2022 A proposed £3bn branch of HS2 linking Crew and Manchester with the west coast may be scrapped, the transport secretary reportedly told a senior Tory MP. The government insists no decisions have been made about the Golborne Link element of the project, despite claims Grant Shapps privately promised the chair of the 1922 committee, Sir [...]
Energy strategy will not resolve cost of living crisis April 7, 2022 A new dawn for the UK’s energy sector will be unveiled today, when the Prime Minister finally announces the country’s energy strategy.
UK to push forward with nuclear revolution as Johnson unveils energy strategy April 6, 2022 The UK will drastically expand its number of nuclear power plants and offshore wind farms as a part of Boris Johnson’s newly unveiled energy strategy. Tomorrow’s strategy will include plans to create a new government body, Great British Nuclear, and a £120m Future Nuclear Enabling Fund in a bid to build eight new reactors across [...]
Energy conflict: EU unveils plans to seize Russian energy revenues April 6, 2022 Economic warfare between Russia and the West escalated yesterday, after the EU announced plans to seize Russian energy revenues.
UK announces more sanctions on Russia’s largest bank Sberbank April 6, 2022 The UK has slapped more sanctions on Russia’s largest bank Sberbank and banned all outward British investment into Russia. Sberbank and Credit Bank of Moscow now have all their UK assets frozen, after similar measures were taken against other major Russian banks last month, with the pair also unable to do business in Britain. The [...]
Hospitality business owners to pay £215m more in tax this year thanks to NI rise April 6, 2022 British pubs, restaurants and hotels will be forced to pay £216m more in taxes this year thanks to today’s rise in National Insurance for employees and employers. New figures collated by the Liberal Democrats also showed that workers in the hospitality industry will be hit with a £137m extra tax bill this year, after the [...]
Bank of England spent £50,000 on logo and website re-design April 6, 2022 The Bank of England’s (BoE) recent logo and website re-design cost £50,000, a freedom of information request has revealed. The nearly 330-year-old institution, which is funded by banks – not the taxpayer – made a bid to change its image last month, to better reflect the makeup of the country, but it came at a [...]
Ukraine invasion: Putin’s daughters sanctioned by the White House April 6, 2022 Vladimir Putin’s daughters have been sanctioned by the United States as Putin’s invasion of Ukraine continues. The President’s adult children, relatives of Foreign Minister Sergei Lavrov and members of Russia’s Security Council will be affected by the measures announced by the White House this afternoon. Putin’s children affected by the sanctions, Maria Vorontsova, 36, and Katerina [...]