Boris Johnson draws back from deploying soldiers as minister blames motorists for shortages September 27, 2021 Boris Johnson this afternoon drew back from plans to deploy troops to ensure fuel supplies reach forecourts, as ministers have issued a fresh appeal to motorists to stop “panic buying.” Ministers are hoping the pressure will ease as motorists move back to their routine buying patterns, following the surge in demand last week which led [...]
Exclusive: UK electric car market in top speed as sales jump 186 per cent during pandemic September 27, 2021 Electric car sales in the UK have jumped by 186 per cent to 108,000 in 2020, up from just 38,000 in 2019, according to a new study, shared exclusively with City A.M. this morning. This growth is six times higher than the average sales growth of electric cars globally at 31 per cent in 2020, putting [...]
Watch as 90 per cent of gas stations across England run dry due to panic buying September 27, 2021 90 per cent of British fuel stations ran dry across major English cities today after panic buying deepened a supply chain crisis, according to Reuters. Watch the full report.
Rolls-Royce shares shoot up 11 per cent as it pockets £1.5bn from Bain in Spain September 27, 2021 FTSE 100 engineering giant Rolls-Royce said today it has struck a deal to sell its Spanish ITP Aero business for £1.5bn to a consortium led by private equity giant Bain in the latest move of its major disposal programme. The company said the deal, which is expected to complete in the first half of 2022, [...]
Watch as London drivers feel the pinch with gas stations running dry September 27, 2021 Lengthy queues of vehicles snaked their way to gas stations in London this weekend where an acute shortage of truck drivers has led to fuel rationing and some pumps running dry, and prompted the government to consider issuing temporary work visas. Watch the full report.
Exclusive: Study reveals 42 per cent drop in pre-owned private jets for sale as demand increases during pandemic September 27, 2021 There are only around 142 pre-owned private jets for sale in Europe at the moment, which is 42 per cent lower than in December 2019, when there were 243 pre-owned private jets on the market, and 31 per cent lower than December 2020, with 207 pre-owned jets up for sale then. Germany, The Isle of [...]
Boris Johnson mulls calling in army to deliver fuel as pumps run dry after weekend of panic buying September 27, 2021 Prime Minister Boris Johnson is said to be weighing the option to let soldiers drive fuel trucks as pumps ran dry after a weekend of panic buying. Emergency measures were triggered late last night, with Business Secretary Kwasi Kwarteng choosing to suspend competition laws for the fuel industry to allow suppliers to target filling stations [...]
Shapps says ‘don’t panic buy petrol’ as he makes plea for new HGV drivers September 26, 2021 Grant Shapps has made a plea for people not to panic buy petrol after scenes of long queues across the country as he launched a drive to get former HGV drivers working in the sector again. The transport secretary said “there’s plenty of fuel”, but that “if everyone carries on buying it when they don’t [...]
Homelessness: ‘Perfect storm’ for 5.3m renters as gas prices jump, furlough ends and Universal Credit is cut September 26, 2021 With energy prices rising, the furlough scheme due to end on Thursday and Universal Credit being cut a week later, a “perfect storm for homelessness” is looming for struggling renters. More than a quarter of renters already struggle to heat their homes in winter. A survey carried out by YouGov on behalf of housing charity [...]
‘You can’t just turn shopkeepers into chefs overnight’, says CBI chief September 26, 2021 As labour shortages cause disruption in a range of industries and sectors, the chief of a major industry body warned “you can’t just turn baggage handlers into butchers overnight”. Tony Danker, the director general of the Confederation of British Industry (CBI), has urged the Government to take a “practical” approach to plugging the gaps in [...]