Exclusive: Industry body warns against more stringent windfall tax August 11, 2022 Offshore Energies UK has warned against further tampering to the windfall tax, which it believes would hurt investor confidence.
Today: Govt to hold emergency talks with energy chiefs as anger over spiralling energy bills rises August 11, 2022 Energy bosses will meet with Government tomorrow, to discuss how they can ease pressure on consumers facibng record bills.
Growing inequality and financial strain is a threat to London’s social cohesion August 11, 2022 OUR great city works well because we Londoners muddle through together without too much friction. “Live and let live”’ has a claim to be the defining London motto. But there have been times where that harmony has shattered. I remember the shock of Tottenham and Croydon burning in August 2011 and of shops being boarded [...]
Truss accused of U-turn as she opens up to idea of direct cost of living payments August 10, 2022 Liz Truss has been accused of performing another policy U-turn, after the Tory leadership frontrunner hinted she was open to giving households cash payments to ease the cost of living crisis. Sources on her campaign today said “there is work going on in government on what more can be done” to help people cope with [...]
New PM must push through City reform for finance to flourish, lobby groups say August 10, 2022 The new prime minister must push through a swathe of reforms to the City if the UK is to regain its place as the “world’s foremost international centre of finance”, a top lobby group warned today.
Emergency talks: Chancellor and energy bosses hold crisis meeting as gas bills risk climbing to £4,400 August 10, 2022 Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng will hold emergency talks with energy sector chiefs today as the price cap was forecast to hit more than £4,400 in January. In a new dire outlook for households, Cornwall Insight said bills are set to soar to around £3,582 in October, from £1,971 on Tuesday, before [...]
We can’t connect to 5G if it strips away property rights August 10, 2022 Lower taxes, net zero and rising fuel costs have dominated the Tory leadership debate. But as we move into the final month of the run-off between Liz Truss and Rishi Sunak, another battle is raging that strikes at the heart of true Conservative values. We’ve heard a range of promises directed at card-carrying Conservative farmers, [...]
Rampant inflation to put public services under ‘visible strain’ unless government ramps up spending August 10, 2022 Rampant inflation is putting the NHS and other public services “under considerable, and visible, strain,” top economic experts have warned today. Government departments and local councils are set to struggle to provide services to taxpayers due to swelling costs eating up their budgets. Higher inflation will erode more than 40 per cent of announced funding [...]
Johnson ‘certain’ next PM will give autumn cost of living help August 9, 2022 Boris Johnson has said he is “certain” the next Prime Minister will provide cost of living help this autumn and claimed the UK has “the fiscal firepower and the headroom to continue to look after people”. Johnson today said during a ceremony in the Downing Street garden that extra help is “absolutely vital” now that [...]
Government urged to offer more support for households to tackle spiralling energy bills August 9, 2022 The Government is under pressure to offer more support to households as soon as possible, following forecasts of record energy bills.