Hunt urges Brits to ‘take responsibility’ with their energy bills with support to end in 2024 November 23, 2022 Universal support for household energy bills will not be extended again, confirmed Jeremy Hunt to MPs today.
Taxman grabs 30 per cent more from Brits over last five years November 23, 2022 The amount of money the taxman takes away from Brits has climbed 30 per cent over the last five years, City A.M. analysis of official figures shows. In the year to 31 October this year, HMRC collected £757bn in taxes, up from £584bn in 2015/16, stats out this week reveal. The rise in tax revenues [...]
Londonmetric suffers £100m rates-fuelled blow to property portfolio value November 23, 2022 Londonmetric Property has emerged as the latest real estate investment trust to suffer an interest rates-fuelled hit to its portfolio. The portfolio, which still stands at £3.5bn, has shed £100m in value since March, as the company’s property and capital returns dwindle. Rising interest rates has eroded the value of several of the UK’s largest [...]
UK economy arrests decline but recession still coming November 23, 2022 The UK economy has arrested a decline, but it still looks likely to tip into a long recession, a closely watched survey out today has unveiled. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) flash purchasing managers’ index (PMI) for November inched up to 48.3 points from 48.2 in October. It is [...]
Starmer: Labour has no interest in a Swiss-style Brexit deal November 22, 2022 A future Labour government would not pursue a “Swiss-style” Brexit arrangement to bring the UK closer to the EU, Sir Keir Starmer has said. The opposition leader, writing in City A.M., said a new Brexit deal to increase regulatory alignment with Brussels will “not be the fix some imagine”. The government has been forced this [...]
Drax denies emissions claims in heated Westminster exchange November 22, 2022 The boss of Drax refused to comment on whether the energy firm is the second largest emitter of CO2 in the country.
EV owners could foot a total bill of £169.5m a year in road taxes after excise duty introduction November 22, 2022 Electric vehicle owners could pay up to £169.5m a year in road taxes, according to new research. Figures published today by Forbes Advisor reported that if electric vehicles (EVs) were to pay the same amount of vehicle excise duty (VED) as petrol and diesel cars – £165 per year – it will cost their owners [...]
Dealmaker’s Spotlight: Hannam & Partners November 22, 2022 Datasite recently spoke with Sam Merlin, Partner at Hannam & Partners, to hear his thoughts and insights on the energy sector and what lies ahead for the market and dealmaking. Hannam & Partners is a leading independent investment bank with expertise across the energy, mining, and financial services sectors. Owned by its partners, Hannam & Partners [...]
Energy boss calls on suppliers to offer innovative solutions to survive November 22, 2022 Energy suppliers have to offer creative options to customers if they are to survive, argued the boss of Utility Warehouse.
Chancellor’s R&D tax relief cut for startups jeopardises UK innovation funding November 22, 2022 Most of the UK’s spending on research and development (R&D) hangs on the shoulders of businesses, leaving a sour taste in the mouths of startups following the Chancellor’s latest budget. The business sector contributed £44bn – the equivalent of 71 per cent – of R&D funding in 2020, followed by universities, which pumped in £13.9bn, [...]