Government must avoid ‘cliff edge’ after cutting energy support package October 17, 2022 The Government must ease support for households to prevent them facing a sudden uptick in their energy bills, warned the BEIS chair.
Exclusive: ‘Price cap not fit for purpose’ as Government slashes support October 17, 2022 The energy price cap is "no longer fit for the purpose" and should be reviewed, argued energy specialist Cornwall Insight.
Bank of England offers energy firms backstop to combat soaring costs October 17, 2022 Energy firms will be able to apply for Government-backed guaranteed loans to secure their commercial future this winter.
None of your business: Suppliers ramp up closures as energy bills crisis bites October 17, 2022 Suppliers forced 20 businesses to close over unpaid energy bills in the last four months, according to new data from Mazars.
Inflation and supply chain woes take their toll on UK’s chemical sector October 17, 2022 The chemical sector has reported its first quarterly fall in sales since the height of the pandemic, according to the latest sector data.
Dam: Climate change poses risks to energy infrastructure October 16, 2022 Extreme weather events caused by climate change pose a significant risk to the world's energy infrastructure, warned the WMO.
Ukraine holds talks with US over gas reserves to fight supply crisis October 16, 2022 Ukraine is preparing to market its national gas reserves, and has entered into discussions with US firms over its supplies.
Gazprom boss threatens to halt gas supplies if Europe backs price cap October 16, 2022 Russia would halt gas supplies into Europe if the price of its gas exports was capped warned Gazprom boss Alexei Miller.
Recession fears outweigh OPEC+ cuts amid oil price slump October 16, 2022 Oil markets will open tomorrow with prices weighed down by global recession fears and weakening oil demand.
City bonuses rise at more than twice the rate of wages since 2008, study says October 14, 2022 The City has proved its resilience to challenging economic headwinds, with bonuses increasing at more than twice the speed of wages since the financial crash. The rapid growth in bonuses reflects the continued activity in the Square Mile and the lack of real-terms growth in people’s salaries. While most workers’ salaries had effectively plateaued, TUC [...]
