Boris Johnson will be a slave to U-turns until he discovers the art of policy flexibility May 31, 2022 It is not easy for a party to run the country for twelve years, so have some pity on the Conservative Party. Perhaps it was in response to the absolute dearth of ideas ranging from “getting a better paid job” to shopping “own-brand products” that Rishi Sunak finally capitulated and delivered a mini-budget last week [...]
Letters: Paying our way out of a crisis May 31, 2022 [Re: Sunak hits energy firms with windfall tax to pay for £15bn cost of living package, May 27] So, led by the nose…here we go again. Whenever the condescending contrickselfservative “party” find themselves in a difficult place they wave a little money in front of people’s noses to gain their support and buy their votes. [...]
BP and Total Energies most exposed to North Sea oil and gas levy May 30, 2022 BP and Total Energies will suffer the biggest losses in earnings from the government's announced levy on North Sea oil and gas operators, says UBS.
Top talent, please come to Britain: New visa for graduates from top 50 non-UK universities May 30, 2022 Top talent from around the world is encouraged to come to Britain as graduates from the top 50 non-UK universities can apply from today to come to the UK through a new visa scheme. The Government hopes its “high potential individual” route, which launches on Monday May 30, will attract the “brightest and best”, at [...]
NIESR top economist: Bank of England has tools to fight inflation May 30, 2022 The UK economy is in a bit of a bind. Households are being squeezed by historic rises in their living costs, while businesses’ margins are thinning due to expenses soaring. A much higher than expected inflation crunch – primarily the result of Russia’s unforeseen invasion of Ukraine – is forecast to trigger a spending pull [...]
Shell warns of investment ‘uncertainty’ amid projections of record North Sea tax revenues May 29, 2022 Shell has toughened its stance on the government's announced levy on North Sea oil and gas operators, warning the new tax will create "uncertainty."
Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’ May 27, 2022 Shell has slammed the government’s windfall tax. It said while it “understands the worry for millions” about the cost of living crisis, the new tax creates “uncertainty” about investment in the UK energy sector. This follows Chancellor Rishi Sunak announcing a so-called Energy Profits Levy, a 25 per cent surcharge on North Sea oil and [...]
Partygate: MP quits top role over Sue Gray report citing ‘toxic culture’ creating ‘deep mistrust’ May 27, 2022 An MP has resigned from his role in the government over the partygate, citing the “toxic culture” in Downing Street which has created a “deep mistrust” of Boris Johnson’s administration. Paul Holmes, who represents Eastleigh, announced in a statement on Friday he had quit his role as Parliamentary Private Secretary at the Home Office. The [...]
BP could reconsider UK investment plans after being hit with windfall tax May 27, 2022 Energy giant BP has revealed it will have to "look at the impact" of the government's new levy on its £18bn UK investment plans.
Windfall tax u-turn drags down London-listed energy titans May 27, 2022 London-listed energy companies that will be caught by Chancellor Rishi Sunak’s windfall tax tumbled during opening exchanges today. The capital’s premier FTSE 100 index was flat this morning at 7,564.82 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.52 per cent to 20,354.82 [...]