Starmer calls windfall tax ‘inevitable’ as Tories show signs of wobbling over the levy May 18, 2022 Internal government polling has found support for a windfall tax on the profits of energy firms is “wildly” popular..
Liz Truss plays down calls for windfall tax May 18, 2022 Foreign secretary Liz Truss has played down calls for a windfall tax on energy firms, saying “we need to attract investment”, and a tax would be a deterrent. Speaking on Sky News this morning, she appeared to be at odds with calls made by the Chancellor Rishi Sunak yesterday, who said nothing was off the [...]
Experian posts ‘very good year’ with revenue and profits booming for credit reporting firm May 18, 2022 Credit reporting firm Experian reported a strong full year this morning with revenue up 17 per cent at $6.3bn.
Andrew Bailey is putting the Bank’s independence at risk if he wavers on inflation May 18, 2022 Andrew Bailey’s ability to steer monetary policy through the inflation crisis will determine the Bank’s future strength
Windfall tax not ruled out as Sunak urges energy giants to invest in UK energy sector May 18, 2022 Chancellor Rishi Sunak refused to rule out a windfall tax on energy companies yesterday, warning that “no option is off the table."
Hungary names its price as country holds fresh talks with EU over Russian oil ban May 17, 2022 Europe's game of energy brinkmanship continued today, with the EU holding talks with Hungary over financial support to back a Russian oil ban.
European Commission urges EU to be ready for cut-off in Russian gas supplies May 17, 2022 The European Union should prepare for Russia to switch off gas supplies into Europe, the trading bloc's executive arm will warn tomorrow.
Petrol firms defend ‘nauseating prices’ as business minister implores retailers to pass on fuel duty cut May 17, 2022 Retailers have defended forecourt prices as politicians call for costs to be slashed after a fuel duty cut earlier this year. Business minister Kwasi Kwarteng has written to businesses to implore them to pass on the savings from a 5p per litre cut in fuel duty introduced in March. It comes after motoring group the [...]
Investors look through inflation headwinds to focus on strong earnings May 17, 2022 Investors dismissed concerns over inflationary pressures firming in the UK economy and focused on a string of positive company earnings, lifting London’s indexes today. The capital’s premier FTSE 100 index climbed 0.72 per cent to 7,518.35 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Tiger Global slashes bets on big tech amid global sell-off May 17, 2022 Prolific tech investor Tiger Global has slashed its bets on big tech firms in the first quarter of the year after suffering heavy losses amid a global tech rout.