Government plans £6bn loan scheme to protect households from soaring energy bills February 2, 2022 Downing Street will offer struggling energy companies access to billions of pounds in state-backed loans, according to The Times.
RAC backs campaign to end ‘unfair’ VAT on public EV charging February 2, 2022 Automotive services firm RAC has backed a national campaign to end the ‘unfair’ VAT on public electric vehicle (EV) charging, which sees EV drivers pay four times more for electricity. According to the FairCharge campaign, VAT on domestic electricity is charged at 5 per cent while motorists using public charges pay 20 per cent of [...]
Slowing US economy to throttle global growth February 1, 2022 A sharp slowdown in the stateside economy is set to throttle global growth this year, Wall Street analysts are forecasting. A wave of worker absences caused by the Omicron variant sweeping across the US has led to the American economy stumbling out of the blocks in 2022, according to Goldman Sachs. Americans will slash spending [...]
Peter Aldous becomes latest Tory MP to call for Boris Johnson to resign February 1, 2022 Waveney MP Peter Aldous has become the latest Tory backbencher to publicly call for Boris Johnson to resign, today sending in a letter of no-confidence in the Prime Minister’s leadership of the party. Aldous tweeted that after a “great deal of soul-searching” that Johnson should go over the Downing Street parties scandal. The MP said “I [...]
UK reaches new agreement with CO2 industry to ensure continued supplies February 1, 2022 The carbon dioxide industry has reached an agreement to ensure UK businesses have continued access to sustainable supplies.
Motorists to pay the price of TfL’s £1.5bn funding crisis February 1, 2022 Motorists could pay the ultimate price of Transport for London’s (TfL) funding crisis, which is expected to reach £1.4bn by 2024-2025. According to documents shared today, TfL expects to receive up to £300m per year from a series of policies London mayor Sadiq Khan is deciding upon, including the extension of the ultra low emission [...]
Treasury brings in super tax to prevent energy owners cashing out February 1, 2022 The Government has subtly introduced a new "super tax" to deter energy company owners from cashing out lucrative gas contracts.
AT&T to spin off WarnerMedia in £32bn Discovery media merger February 1, 2022 AT&T announced today that it will spin off WarnerMedia in a $43bn (£32bn) transaction to merge its media properties with Discovery and also cut its dividend by nearly half.
‘Upset’ Ruth Davidson does not think Boris Johnson can recover from partygate February 1, 2022 Tory grandee Ruth Davidson does not think Prime Minister Boris Johnson can recover from ‘partygate’, as the former Scottish Conservative leader said she has been left “upset” by Downing Street partygate allegations. Baroness Davidson said the allegations of lockdown breaching parties in No 10 and Whitehall “makes a mockery of all of the sacrifices that [...]
Downing street launches charm offensive to woo Klarna into London listing February 1, 2022 Downing Street is attempting to woo buy-now pay-later giant Klarna into a London-listing over fears that high-growth firms may snub the city for New York, according to reports.