Defeated but not deflated: Anthony Joshua thanks London after stunning loss to Oleksandr Usyk September 26, 2021 Anthony Joshua took to social media hours after his reign as world heavyweight champion was ended and a ‘Battle of Britain’ against Tyson Fury is in tatters following Oleksandr Usyk’s stunning win at Tottenham Hotspur Stadium. Joshua said his world “is crumbling in front you” but he urged fans to be positive and thanked them [...]
Gas crisis: Octopus Energy eyes takeover bid of rival Bulb September 25, 2021 Octopus Energy is reportedly eyeing a takeover of energy challenger rival Bulb, amid the UK’s gas crisis which has drained supplier’s finances. The energy supplier is among the parties which have requested access to data from Bulb’s financial advisers as it attempts to bag fresh funding, Sky News’ Mark Kleinman first reported. The takeover would [...]
Stop blaming Brexit for driver shortage since departure from EU has helped, says Grant Shapps September 24, 2021 Rather than being the cause of the current lorry driver shortage, Brexit has helped provide solutions to the shortages in the haulage sector, according to the Transport Secretary. Grant Shapps said those who argued Brexit was one of the factors behind the current supply shortage were “wrong”, particularly given other European nations are experiencing the [...]
Business leaders including Thames Water and Nestle call for end of gas usage by 2035 September 24, 2021 Business giants, including Thames Water, Nestle, BT and the Co-op, have reportedly called for an end of gas usage by 2035, as a supply and pricing crisis grips the UK. It would allow the UK to champion a “historic first”, following on from its legislation to end relentless coal-fired power. In a letter addressing MPs, [...]
Russ Shaw’s Tech Week Diary: When the chips are down September 23, 2021 London Tech Week – the showcase of all things innovative – is back. Each day this week, Tech London Advocates and Global Tech Advocates boss Russ Shaw CBE will write for us reflecting on the jamboree. Here’s day three. During Day 3 of London Tech Week, we heard from experts at the centre of an [...]
Business minister: Income tax rise and 3p on fuel needed to pay for Universal Credit September 23, 2021 A minister has said income tax would need to rise to keep the £20 weekly Universal Credit uplift. Business minister Paul Scully told Sky News this morning: “The Chancellor… will look at the whole aspect of public finances in the Budget and the Spending Review that is coming up.” He went on to say: “But [...]
Small energy suppliers Green and Avro cease trading after pleading for support September 22, 2021 Green and Avro have announced they are leaving the energy market and will cease trading. The announcement from Green came just one day after it was reported the firm had lined up insolvency advisers. The supplier said it was “exiting the market due to the government failing to provide any support to smaller energy suppliers,” [...]
British food industry to be hit by five fold increase in CO2 prices September 22, 2021 The government has announced that the British food industry faces a “sharp rise” in the cost of CO2, a crucial component of food and drink production. Gas prices have surged forcing UK fertiliser plants to shut in recent weeks, leading to a shortage of CO2 used to make drinks and beer fizzy and to stun [...]
The pace of gas price surge is unprecedented, says Ofgem boss September 22, 2021 The boss of UK energy regulator Ofgem has said that the country’s current pace of soaring gas prices is something the watchdog has not seen before. Chief executive Jonathan Brearley added that “well above” hundreds of thousands of customers could be affected by the hike. “Have a look at the change in the gas price [...]
Minister: Joe Biden doesn’t understand ‘complicated’ Northern Ireland Protocol September 22, 2021 Joe Biden does not “fully appreciate” the complex nature of the Northern Ireland Protocol and is “wrong” about the state of negotiations, according to environment secretary George Eustice. Eustice said today that Biden was probably “just reading the headlines, reading what the EU is saying, reading what Ireland might be saying, which is that they would [...]