Government backs carbon capture and storage to meet net zero goals and boost North Sea industry July 31, 2023 The government has announced the latest winners of its carbon capture and storage approval process.
Why the windfall tax is here to stay after today’s bombshell oil and gas announcements July 31, 2023 The government has work to do if it wants to convince the North Sea oil and gas sector over its energy plans.
Rishi Sunak: 2030 petrol and diesel car sale ban is here to stay July 31, 2023 The 2030 ban on the sale of petrol and diesel vehicles will remain as a government policy, Prime Minister Rishi Sunak has said. Speaking on BBC Radio Scotland’s morning show, Rishi Sunak insisted a ban on “sale of new cars,” has been the policy “for a long time,” and “remains the government’s policy.” “I’m committed [...]
FTSE 100 close: London markets finish higher but investors cautious before BoE rate hike July 31, 2023 London’s FTSE 100 closed slightly higher this afternoon, after a tempered start to a week in which the Bank of England is expected to hike interest rates to their highest level since 2008. The capital’s premier index kicked off down 0.26 per cent, before bouncing back by close to 0.17 per cent on stronger than [...]
Sunak bids to woo North Sea industry with hundreds of new oil and gas licences July 31, 2023 Sunak has pledged hundreds of new oil and gas licences, two new carbon capture clusters and review on the sector's tax regime
Bank of England to hike interest rates for 14th time in a row to 2008 high of 5.25 per cent July 31, 2023 The Bank of England this week is tipped to hike interest rates for the 14th time in a row as it extends its fight against roaring inflation. Members of the nine-strong monetary policy committee (MPC) are expected on Thursday to back a 25 basis point increase to the UK’s official interest rate, which would send [...]
Crying misogyny over Alison Rose’s downfall won’t do Labour any favours July 31, 2023 Rachel Reeves made a mistake in attributing Alison Rose's fate to misogyny. The government had a right to get involved in the Coutts saga, but Reeves was out of tune in her intervention, writes Eliot Wilson
Prime Minister Rishi Sunak to meet energy leaders ahead of new pledges July 30, 2023 Prime Minister Rishi Sunak and energy security secretary Grant Shapps will meet industry leaders from across the energy sector.
UK and India could sign trade deal this year, says official July 29, 2023 The UK and India could sign a long-awaited trade deal before the end of the year, according to a senior Indian official. The country’s commerce secretary Sunil Barthwal told reporters on Friday: “We want to finalise the deal at the earliest.” He also said that it was possible that the deal could be agreed “much [...]
Anti Brexit activist Gina Miller warns ‘we don’t have a functioning democracy’ after party’s Monzo account shut July 28, 2023 Anti-Brexit campaigner Gina Miller has warned that “we don’t have a functioning democracy” if new political parties cannot access banking services after she was told her own party’s account would be shut. The Government and financial services watchdog must step in and ensure new parties and MPs can access banking to be able to operate, [...]