Energy bosses urge Hunt to bring in social tariff to support vulnerable households March 16, 2023 Energy bosses have called for a social tariff to ease pressure on households facing record bills, with Hunt extending support in the Budget.
Coal for Christmas? National Grid to pursue emergency supplies for next winter March 16, 2023 National Grid has been requested by the government to explore the procurement of coal power plants for next winter.
Grant Shapps backs nuclear power in net zero push March 16, 2023 Nuclear must form part of a decarbonised portfolio of energy production, argued Grant Shapps, energy and net zero secretary.
Defence spending given £11bn boost as former minister warns of new Cold War March 16, 2023 Defence spending is set to increase by £11bn over the next five years amid fears over the UK’s “hollowed out” armed forces. Chancellor Jeremy Hunt confirmed in Wednesday’s budget that the Ministry of Defence’s finances would receive an £11bn boost over the next half-decade. But Tobias Ellwood, defence committee chairman, said the Chancellor has left [...]
Rail strikes: Hospitality says it has lost £3bn as it becomes ‘collateral damage’ in rail dispute March 16, 2023 London retail and hospitality bodies have said that the sector is “suffering” due to ongoing tube strikes as the disruptions continue to take a large bite out of the sector’s earnings. As Tube and rail strikes grind London to a halt this week, trade body UKHospitality has claimed that pub and restaurant businesses are expected [...]
New chancellor, same story: London is always left out of Whitehall’s plan for growth March 16, 2023 London won’t always keep growing if it is continually ignored by government. What will the Chancellor have to say then?
Businesses were hunting among the slim pickings for fresh cash to boost growth across the UK March 16, 2023 There wasn't much fresh cash for businesses in yesterday's Budget. But it certainly showed a calmer approach after the political upheaval of only months ago, writes Tim Sarson
Green Day: UK to fight back against Biden’s Inflation Reduction Act March 16, 2023 The government will finally respond to the vast package of green energy subsidies and tax cuts unveiled across the pond.
Childcare rules: Why hitting six figures leaves high-flyers in a Parent Trap March 16, 2023 Even a £1 pay rise to £100,000 will cost young parents tens of thousands thanks to new childcare arrangements announced in the Budget
Credit Suisse crisis: Swiss lender taps central bank for emergency £35bn loan backstop March 16, 2023 CREDIT SUISSE overnight announced it would take advantage of a 50bn franc facility offered by the Swiss National Bank after a day in which its stock price sank by 25 per cent. The embattled Swiss lender’s tumble was triggered yesterday morning by comments from its largest shareholder, Saudi National Bank, that it would not inject [...]
