Exclusive: Government must offer more subsidies to meet green hydrogen goals October 18, 2022 Government instability and a less attractive investment climate make the UK less appealing for hydrogen projects, warns ATOME Energy.
Goldman Sachs profits trimmed by sluggish deal making October 18, 2022 A sharp slowdown in deal making activity caused by the weakening global economic environment has squeezed investment banking giant Goldman Sachs’s profits, the firm announced today. Net earning applicable to common shareholders at Goldman over the three months to September fell to $2.96bn (£2.62bn). That is nearly half the $5.28bn (£4.67bn) notched by the Wall [...]
Verdict on Liz Truss in world media outright brutal as PM turns into global laughing stock October 18, 2022 Developments in the UK have been closely followed by media across Europe and the rest of the world, and the verdict from most outlets is outright brutal. The Colombian newspaper El Colombiano, carrying a story with the headline “Liz Truss the Brief”, wrote that “Liz Truss, who’s been the British PM for barely six weeks, [...]
To recreate a 1997 victory, Labour needs to find a clear path to do more – with less October 18, 2022 One of the most recent polls has put Labour 26 points ahead of the Conservatives. Even less favourable polling would still give Labour a big 1997-style landslide. In other words: great news for Labour, bad news for the Tories, with the Prime Minister already clinging to her job just five weeks in. The question for [...]
Talk of studio sale sends ITV shares soaring October 17, 2022 With shares down over 40 per cent this year, ITV was lifted this afternoon following rumours that it was mulling a sale of its studio arm. According to initial reports from the Financial Times, the maker of both Coronation Street and Love Island is said to be actively reviewing whether to dump its stake in [...]
Government must avoid ‘cliff edge’ after cutting energy support package October 17, 2022 The Government must ease support for households to prevent them facing a sudden uptick in their energy bills, warned the BEIS chair.
Exclusive: ‘Price cap not fit for purpose’ as Government slashes support October 17, 2022 The energy price cap is "no longer fit for the purpose" and should be reviewed, argued energy specialist Cornwall Insight.
Bank of England offers energy firms backstop to combat soaring costs October 17, 2022 Energy firms will be able to apply for Government-backed guaranteed loans to secure their commercial future this winter.
Hunt ditches ‘almost all’ of Truss’ tax cuts as chancellor bins mini-Budget October 17, 2022 Jeremy Hunt has binned “almost all” of Liz Truss’ mini-Budget, while also announcing that the UK’s energy bills freeze will only be universal until April. The new chancellor confirmed more of Truss’ tax cuts have now been overturned – including the planned cut to the basic rate of Income Tax – in a bid to [...]
Explainer-in-brief: Just Stop… Sunflower Oil? October 17, 2022 The environmental protesters at Just Stop Oil reached the highest level of creativity last week by taking their cause to the art world. They threw soup over Vincent Van Gogh’s acclaimed “Sunflowers” painting in the National Gallery and then glued themselves to the wall. “What is worth more, art or life? … Are you more [...]