Windfall tax talk rattles Tories as Rishi Sunak reportedly backs the levy May 22, 2022 The prospect of a windfall tax on large energy firms has provoked a fierce Tory backlash, after it was revealed yesterday Rishi Sunak is in favour of a levy.
Sunak poised to give poorest households £5-7.5bn to deal with cost-of-living crunch, Deutsche Bank says May 22, 2022 Deutsche Bank has said it expects the UK’s Chancellor of the Exchequer Rishi Sunak will give £5-7.5bn in support to the UK’s poorest households to help them deal with the UK’s cost-of-living crisis. The chancellor could increase universal credit payments, give money to food banks, and help poor households pay for energy bills, in a [...]
EON boss warns 40 per cent of its customers face fuel poverty this winter May 22, 2022 EON's boss warns million more customers could be living in fuel poverty this winter, if the government doesn't step in to provide more help.
Eni plans €2.5bn investment into UK energy sector as calls for windfall tax escalate May 22, 2022 Italian oil major Eni will spend at least €2.5bn in the UK over the next four years, amid growing calls for a windfall tax.
Johnson: Can’t ‘magic away’ cost of living problems but UK will draw on ‘fiscal firepower’ May 20, 2022 Boris Johnson has said the government will have to draw upon its “fiscal firepower” to get through the cost of living crisis, but there is no way he can “magic away” the problem. Speaking at a conference in Wales today, the prime minister said Britain will “get through” its current problems, marked by a 40-year [...]
Partygate: Boris Johnson shakes up No 10 ahead of final Sue Gray report next week May 20, 2022 Boris Johnson has overhauled his Downing Street operation following the conclusion of a four-month Metropolitan Police inquiry into lockdown-busting parties at the top of Government during the pandemic. Scotland Yard’s Operation Hillman was closed on Thursday with a total of 126 fixed penalties handed out to 83 people, although it was confirmed the Prime Minister [...]
Chancellor urged to cut household bills by £200 with ‘retrofit revolution’ May 20, 2022 A group of the UK’s most senior housing figures have called for a "retrofit revolution" to cut down household bills.
April retail volumes continue on downward trend amid cost of living crisis May 20, 2022 Retail sales volumes continue to go downward amid the cost of living crisis. According to the Office for National Statistics, volumes rose 1.4 per cent in April following a 1.2 per fall in March, while values went up by 1.9 per cent. But looking more broadly, in the three months to April, sales volumes fell [...]
Over 60? Supermarket giant Iceland to fight cost-of-living crisis by giving older shoppers 10 per cent discount May 20, 2022 Frozen food chain Iceland is set to introduce a discount for seniors as Britons struggle with soaring prices. The supermarket chain has announced that, from May 24, customers aged over 60 will receive a 10 per cent discount on their groceries every Tuesday with no minimum spend. In order to redeem the discount, senior shoppers [...]
Brits’ optimism tumbles to new depths, below financial crisis and Covid-19 lockdowns May 20, 2022 Rampant inflation, tax hikes, swelling food and energy bills and the Russia-Ukraine war has sent Brits’ optimism to its lowest level ever, reveals a closely watched survey published today. UK households are now even more pessimistic than they were when the world was in the teeth of the global financial crisis in 2008 and during [...]