Hinkley Point C could have saved customers £4bn this year, says financing chief November 2, 2022 Hinkley Point C could have saved households more than £4bn in energy bills this winter, argued the financing director of Sizewell C.
On standby: Britishvolt secures last minute funding to stay afloat November 2, 2022 Beleaguered battery firm Britishvolt has secured last minute funding to keep it afloat another few weeks. The company, which has been developing a massive £3.8bn gigafactory in north-east England, has been locked in emergency fundraising talks for several weeks – pushing to raise £200m, or sell the company outright. The lagging firm is a sign [...]
COP out: Government pushes back coal mine decision until after climate summit November 2, 2022 The Government has pushed back a decision on whether to go ahead with a new coal mine Cumbria for the third time this year.
Rishi Sunak WILL attend COP27 after all November 2, 2022 Prime minister Rishi Sunak has confirmed he will attend the COP27 conference in Egypt. In a tweet sent this morning, he said he would be at the climate conference in Sharm El Sheikh, after much speculation as to whether he would travel. Initially he said he wouldn’t because he needed to focus on domestic commitments, [...]
BP’s profit bonanza reignites calls for tougher windfall tax November 1, 2022 BP has unveiled another bumper round of monster profits powered by soaring gas prices, reigniting calls for a windfall tax.
Bank of England successfully kicks off QT with over subscribed £750m bond sale November 1, 2022 The Bank of England today successfully sold hundreds of millions pounds of government debt in the first stage of winding down stimulus that has propped up the economy in the aftermath of the financial crisis and during the pandemic. Some £750m bonds ran off the Bank’s balance sheet today, with the auction heavily over subscribed [...]
Met top brass says Just Stop Oil will be ‘brought to justice’ as group tries to scale Downing St gates November 1, 2022 The Met Police’s number two in command has vowed to bring Just Stop Oil protesters “to justice” as protestors tried to climb the gates of Downing Street. Assistant Commissioner Matt Twist made his comments on LBC this morning after the environmental group made headlines vandalising MI5, the Home Office, Bank of England and HQ of [...]
Franco Manca pizzas debut across UK supermarkets November 1, 2022 Franco Manca pizzas will now be available to buy in supermarkets across the UK, allowing Brits to take home and cook their favourites.
Industry pressures Government to back onshore wind planning reforms November 1, 2022 Industry groups and think tanks have urged new Prime Minister Rishi Sunak to uphold planning reforms to boost onshore wind developments.
Government weighs up proposals to expand windfall taxes November 1, 2022 Windfall taxes on energy firms could be raised and extended as much as three years. as Downing Street scrambles to raise funds.