EU’s nuclear power plans needs €500bn investment, says market commissioner January 9, 2022 The European Union’s new generation nuclear power plans will require a €500bn investment by 2050, according to the bloc’s internal market commissioner. The regeneration plan forms part of the bloc’s bid to decarbonise its energy grid, with Thierry Breton urging that the EU’s labelling of nuclear energy as ‘green’ alternatives will be vital for drawing [...]
Rising inequality: Wealth of top one per cent is 230 times higher than poorest ten per cent January 8, 2022 The wealth of the richest one per cent of households is more than 230 times that of the poorest ten per cent, according to new data from the Office of National Statistics (ONS).
Tories call on Treasury to fund green energy rather than already pinched households January 8, 2022 A group Tory MPs have called on the government to fund environmental and social energy policies from Treasury money, rather than from consumer bills.
Pundits who ‘know’ crypto are donkeys and asses January 7, 2022 Crypto journalism is improving, but there are still some bad mediums out there, argues Monty Munford.
Why the energy crisis is set to derail the UK economy in 2022 January 7, 2022 A wave of concern over the swelling cost of living is sweeping across Britain. While households are bracing for higher tax bills and are already being stung by food prices leaping, it is swelling energy costs that will hit hardest in 2022. The UK’s benchmark gas prices have quintupled since January 2021, leaping from £54 [...]
Freezing personal allowance and higher rate tax rates will push 1.2m Brits over 40 per cent tax threshold January 7, 2022 New research shared with City A.M. this morning shows that over one million more people will pay a higher tax rate by 2026. The analysis by the House of Commons Library – first published in The Daily Telegraph – says around 1.2m additional workers will find their earnings going over the 40 per cent tax [...]
House prices hit record high of £276k as slower growth forecast for 2022 January 7, 2022 House prices increased by more than £24,500 last year, the largest annual cash rise since March 2003. The average UK property price reached a new record high of £276,091 in 2021, rising 9.8 per cent, according to Halifax’s House Price Index. Once more, London was the weakest performing region for annual inflation by long way [...]
Retailers’ hopes for Christmas boost dashed as Omicron fears discouraged shoppers January 7, 2022 Hopes for a Christmas that would see high streets near pre-pandemic levels of trade were dashed last month as Covid fears discouraged shoppers. While England enjoyed a festive period free of restrictions on social gatherings once more, high streets marked a footfall decline of 23.1 per cent last month, compared to 2019. This was 3.5 [...]
Plan B blows UK economic recovery off course January 6, 2022 The imposition of Plan B in a bid to flush out a wave of Omicron cases whacked the British economy last month, reveals a closely watched survey released today. Brits were encouraged to work from home and limit socialising in December, igniting a mass exodus from city centres and high streets, dealing a heavy blow [...]
Sunak recommits to April National Insurance rise amid cabinet jitters January 6, 2022 Rishi Sunak has today recommitted to April’s National Insurance rise, after it was reported that he faced cabinet backlash over the measure this week. Sunak said today the tax rise is needed to deal with “an unprecedented level of backlogs within the NHS”, after it was reported that House of Commons leader Jacob Rees-Mogg called [...]