Why the windfall tax is here to stay after today’s bombshell oil and gas announcements July 31, 2023 The government has work to do if it wants to convince the North Sea oil and gas sector over its energy plans.
Russia hit by drone attacks as Ukraine fights back with buildings hit miles from the Kremlin July 31, 2023 Ukraine attacked Russia with drones on Sunday, damaging two office buildings just miles from the Kremlin and a pig-breeding complex on the countries’ border. The attacks, which Ukraine did not acknowledge in keeping with its security policy, reflected a pattern of more frequent and deeper cross-border strikes the Kyiv government has launched since starting a [...]
Sunak bids to woo North Sea industry with hundreds of new oil and gas licences July 31, 2023 Sunak has pledged hundreds of new oil and gas licences, two new carbon capture clusters and review on the sector's tax regime
Ofgem risks losing public trust after British Gas’ profit bonanza July 31, 2023 Four years of heavy losses and instability in the energy industry were upended last week when British Gas posted record profits.
Sixes cricket owner: Global expansion on cards but we won’t ditch London July 31, 2023 When City foodies hear the names Andy Waugh and Calum Mackinnon it would only be natural to associate them with the now closed Mac & Wild restaurant, which once sat in Devonshire Square near Liverpool Street. But the pair have gone left field; staying in the hospitality sector but offering a product entirely different to [...]
Retailers in trouble as 51 per cent of punters cut back on clothes shopping July 31, 2023 Retail and hospitality industries continue to be bruised by the UK’s cost of living crisis as 59 per cent of people have cut their spending on eating out and a further 51 per cent have cut spending on clothing. As Brits continue to watch their pennies amid high inflation, figures from Oxera show that in [...]
Government must turn nuclear energy ‘wish list’ into a strategy, MPs warn July 31, 2023 Government plans to revive the country’s nuclear ambitions are more of a ‘wish list’ than a strategy, warned a leading Westminster panel.
Prime Minister Rishi Sunak to meet energy leaders ahead of new pledges July 30, 2023 Prime Minister Rishi Sunak and energy security secretary Grant Shapps will meet industry leaders from across the energy sector.
Interest rate boost slowing for banks as changing customer behaviour cuts margins July 30, 2023 The UK’s high street banks have warned that the boon from rising interest rates might be coming to an end as changing customer behaviour and an increasingly competitive mortgage market hits margins. Natwest, Barclays and Lloyds recorded bumper profits last week, but investors were dismayed by the more cautious outlook. Both Natwest and Barclays UK [...]
Anti Brexit activist Gina Miller warns ‘we don’t have a functioning democracy’ after party’s Monzo account shut July 28, 2023 Anti-Brexit campaigner Gina Miller has warned that “we don’t have a functioning democracy” if new political parties cannot access banking services after she was told her own party’s account would be shut. The Government and financial services watchdog must step in and ensure new parties and MPs can access banking to be able to operate, [...]