Good Energy boss warns renewable ramp up will not ease this year’s cost of living crisis March 29, 2022 Profits and gross margins at renewable specialists Good Energy have taken a hit from the crisis, but its asset sale has steadied the ship.
Rishi Sunak under pressure over wife’s ‘blood money’ through family firm still operating in Russia March 29, 2022 Rishi Sunak has been criticised by a Ukrainian MP over his wife’s family firm – which is still operating in Russia. Akshata Murthy, who is married to the chancellor of the exchequer, has been accused of collecting millions in “blood money” dividends. Her estimated 0.91% stake in Infosys, which was founded by her father Narayana, [...]
Treasury prepares to unveil new UK rules for crypto industry March 29, 2022 The UK government is poised to reveal its regulatory plans for the crypto industry in the coming weeks with particular focus on stablecoins.
Kwarteng targets trebling of solar power capacity as part of renewable ramp up plans March 29, 2022 Business Secretary Kwasi Kwarteng backs renewable ramp up to ensure secure energy supplies, despite concerns over community backlash.
Solar panels: Is the market hotting up? March 29, 2022 Chancellor Rishi Sunak has announced VAT cuts for solar panels, but can the energy source the cost of living crisis ahead of next winter?
Exclusive: Support scheme for SMEs post-Covid has hit just 1 per cent of its target March 29, 2022 Rishi Sunak’s scheme to boost the productivity of British small and medium-sized enterprises (SMEs) post-Covid has hit just one per cent of its target since it was launched last July. The government wants 30,000 businesses to complete the Help To Grow management scheme – which offers subsidised business training – however just 402 SMEs have [...]
OEUK warns of overseas fossil fuel dependence as Norway becomes UK’s main gas supplier March 29, 2022 OEUK has revealed the UK could have to rely on external suppliers for 80 per cent of gas supplies and 70 per cent of oil by 2030.
The City View: Andrew Bailey’s energy shock warning, and farming shortages March 28, 2022 Today Andy Silvester chats to City A.M. reporters Elena Siniscalco and Jack Barnett. Jack discusses Andrew Bailey’s comments warning of the current energy shock being worse than that of the 1970s, and goes through Rishi Sunak’s somewhat incongruous remarks today at a Treasury Select Committee. Elena outlines the myriad of problems affecting farmers, supply chains, [...]
Sunak repeats tax cuts pledge despite playing down low-tax Chancellor image March 28, 2022 Rishi Sunak today reiterated his commitment to cutting taxes in the future, despite playing down claims he has styled himself as a low-tax Chancellor. Responding to a grilling by MPs on the cross-party Treasury Select Committee, Sunak said his “priority at this point forward is to keep cutting taxes, not to increase public spending”. However, [...]
Sunak says he is ‘prepared to act’ if energy bills soar again later this year March 28, 2022 Rishi Sunak has said he is “prepared to act” if energy prices continue to spiral out of control amid speculation he is ready to announce another multi-billion pound council tax rebate later this year. The chancellor told MPs on the Treasury Select Committee today that “It’s very difficult to sit here today and speculate on [...]