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 [...]
Government’s new boiler strategy to cover just one in 250 households, says Miliband October 19, 2021 Shadow business secretary Ed Miliband has called the government’s new boiler upgrade strategy a “meagre, unambitious and wholly inadequate response,” alongside several environmental campaign groups. Taking to Twitter, Miliband criticised that the Conservative’s government’s plan would only cover one in every 250 households currently on the gas grid, as the UK seeks to replace gas [...]
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 [...]
UK to invest £620m in EV transition as part of net zero plan October 19, 2021 The UK Government has announced it will invest £620m to support the transition to electric vehicles (EV) as part of the Net Zero strategy unveiled today. “By moving first and taking bold action, we will build a defining competitive edge in electric vehicles, offshore wind, carbon capture technology and more, whilst supporting people and businesses [...]
Will users of digital assets need traditional custody providers? October 19, 2021 The ability to hold data in a very structured manner means that machines can easily track and trace who owns what, and where the assets are held, in ‘real-time’, writes Jonny Fry.
PwC offloads mobility tax consultancy arm to PE group CD&R for $2.2bn October 19, 2021 CD&R has reached a $2.2bn takeover deal with PwC to snap up its global mobility tax and immigration services business, in the consultancy giant’s biggest sell-off in almost two decades. Globally, the unit currently advises more than 3000 organisations with tax and immigration compliance issues when they move staff overseas – a market that more [...]
Disney delays upcoming Marvel films, including Black Panther, and Indiana Jones October 19, 2021 Disney to delay its 2022 Marvel films, along with the upcoming fifth Indiana Jones movie, all of which have been pushed back to later in the year or moved to 2023.
‘Succession’ has series high with season three premiere October 19, 2021 Season 3 of HBO’s family-dynasty drama, Succession, attracts its highest viewings yet.
