Calls for a social tariff obscure wider energy issues May 15, 2023 Energy bills will finally fall this summer after nearly 18 months of sustained hikes, softening a painful cost of living squeeze for millions of Brits. This year’s drop in wholesale gas prices on the spot market, thanks to Europe’s successful scramble for supplies last winter and China’s flagging economic growth, will soon be reflected in [...]
Productive relations with the EU are a win-win for the City and the UK as a whole May 15, 2023 The City can only benefit from improved relations between the UK and the EU. As the leading financial centre, the Square Mile should push for even stronger cooperation with EU partners, writes Chris Hayward
Imperial Brands: Investors brace to see if cigarette titan can light up vaping future May 14, 2023 Imperial Brands will be looking to convince investors its vaping and so-called ‘next generation products’ can light up profits in the long-term as it updates the City with its first half results on Tuesday.
Can BRICS build something with Bitcoin? May 14, 2023 Susie Violet Ward asks if BRICS nations will rise to the challenge and launch a revolutionary digi-dollar backed by Bitcoin?
Is the current crypto wobble being caused by Binance? May 12, 2023 Jason Deane reflects on a hectic week for Bitcoin, and an attempts to pinpoint reasons behind the current stumble in the price of Bitcoin.
Ukraine’s Eurovision Song Contest in Liverpool: Is Moscow competing, can Russia vote and are they broadcasting it? May 12, 2023 The 67th Eurovision Song Contest is taking place in Liverpool this year after the UK was chosen to host on behalf of war-torn Ukraine. It is the first time the competition has been held in the UK for 25 years – and Russia will not be competing. Why is Russia absent from the contest? Russia, [...]
UK donates long-range cruise missiles to help defence of Ukraine May 11, 2023 Ukrainians will have the “best chance to defend themselves” after the UK’s donation of Storm Shadow cruise missiles, the defence secretary has said. Ben Wallace confirmed that he and Prime Minister Rishi Sunak had agreed to authorise the donation after continued Russian attacks on Ukraine. He told the House of Commons: “Today I can confirm [...]
Bank of England to usher in new era of higher interest rates after sending them to near 15-year high today May 11, 2023 The Bank of England will rip up the monetary policy order of the last decade and keep interest rates far above their post-financial crisis rock bottom levels over the coming years, new forecasts out today claim. UK borrowing costs are on course to top four per cent for the whole of this year and next [...]
Households could be offered competitive deals again as price cap eases May 10, 2023 Households could benefit from the prospect of fixed tariffs below the price cap, predicts energy specialist Cornwall Insight.
Wagner Group: UK to put Russia mercenaries on proscribed terror list alongside ISIS May 10, 2023 The UK is set to designate Russia’s mercenary Wagner Group as a proscribed terrorist organisation, it is understood. The Times quoted a government source as saying the move was “imminent” and likely to be enacted within weeks after two months spent building a legal case. Proscription would make it a criminal offence to join Wagner, [...]