UK businesses will disappear without immediate government help, CBI warns August 26, 2022 UK businesses will “tip into distress” unless the government launches an emergency support package to deal with the cost of living crisis, the country’s biggest business group has warned. Some 69 per cent of firms expect to be hit by higher energy costs over the next three months, eating into their capacity to survive, according [...]
Energy crisis: Households set for £3,549 price cap this winter August 26, 2022 The energy price cap will rise 80 per cent to £3,549 per year from October, plunging millions of British households into fuel poverty this winter.
EDF adds to calls for deficit fund to prevent millions falling into fuel poverty August 25, 2022 EDF has called for a historic Government intervention to avoid tens of millions of Brits plunging into fuel poverty this winter.
Rishi Sunak: UK shouldn’t have ’empowered scientists’ at start of lockdown August 25, 2022 RISHI Sunak has said government “shouldn’t have empowered the scientists in the way we did” at the start of the Covid-19 pandemic. The former Chancellor told The Spectator magazine that there was a failure to “acknowledge trade-offs from the beginning” and that lockdown’s impacts on other health services, as well as schools and the economy, [...]
Government is ‘running out of time’ to save British households from energy crisis August 25, 2022 The government is “running out of time” to save businesses and households from the inflation crisis, one of the country’s largest business groups has warned today. Policymakers should be launching measures now to shield Britons from the looming long recession, the British Chambers of Commerce (BCC) said today. The BCC has written to chancellor Nadhim [...]
Energy bosses rally around calls for crisis fund to support households August 25, 2022 Energy bosses are rallying around Scottish Power's call for a “tariff deficit fund” to ease the pain facing millions of Brits this winter.
Editorial: Downturn the perfect time for some genuine Whitehall reform August 24, 2022 We tried to find some more good news for the front page – we promise – but the truth is it seems harder to find now than it has for some time. Every day brings new data suggesting that things are bad now, and getting worse. But that’s no reason to be (too) down-hearted – [...]
Spiralling energy prices are a powerful lesson for our future plans for green power August 24, 2022 For most politicians and commentators, green taxes are firmly established as an unequivocally Good Thing. True, Liz Truss has called for green levies to be temporarily halted to help drive down energy bills. But even if the next prime minister does intervene, once world energy prices start to fall substantially, she would be under enormous [...]
Truss attacked over emergency Budget as she steps up Number 10 preparations August 23, 2022 A close ally of Rishi Sunak attacked Liz Truss today over her plans to hold an emergency Budget in September as the foreign secretary steps up her preparations for entering Number 10. Mel Stride, one of Sunak’s campaign whips, wrote to the Treasury in his role as chair of Westminster’s Treasury Select Committee to say [...]
Energy boss: Millions will suffer without more support for rising bills this winter August 23, 2022 Households will be unable to cope with a huge spike in energy bills this winter unless the Government steps in argued So Energy boss Simon Oscroft.