Areas near 2012 London Olympics continue to see economic boost after a decade July 29, 2022 A decade after the London Olympics, areas nearby the event are continuing to feel positive economic impacts. Stratford’s E15 district has seen its economic vitality index score grow by nearly a quarter, according to analysis firm Evaluate Locate, some 15 per cent higher than the average rate seen across the rest of the country. The [...]
Exclusive: OEUK defends windfall tax’s investment relief and calls for domestic energy ramp-up July 28, 2022 The UK's leading industry body for offshore energy has defended the continued inclusion of investment relief within the windfall tax.
Yet another ‘housing policy’ designed mainly to frustrate housebuilding July 28, 2022 Pictured in an olive, recently waxed Barbour jacket in front of rolling green hills, Rishi Sunak looked every bit the country gentleman in pictures posted to his social media accounts yesterday. The reason? A commitment to protect the green belt. “We’ve seen too many examples of local councils circumventing the views of residents by taking [...]
Liz Truss and Rishi Sunak will both lose in the style stakes July 28, 2022 It was Nadine Dorries who started it. Of course it was. Earlier in the week, the culture secretary, a passionate Liz Truss supporter, tweeted to praise the foreign secretary for wearing earrings from Claire’s Accessories which had cost £4.50. By contrast, Rishi Sunak was sporting £450 Prada loafers and a bespoke suit worth £3,500. No [...]
Martin Lewis begs Sunak and Truss to ‘sit down together and make a decision on soaring energy bills’ July 28, 2022 Martin Lewis has urged Tory leadership hopefuls to take action on eye-watering energy prices and “forestall the mental damage” debts will cause. The consumer champion who founded MoneySavingExpert.com said the situation with energy bills is reaching a “desperate” stage, and will impact on millions of households. He also warned the situation needed to be solved [...]
‘Political headache’: House prices soar to nearly nine times the average income July 28, 2022 Property prices have soared to nearly nine time the average household disposable income in Britain, according to official figures. Affordability ratios in England are at their worst since records began in 1999, the Office for National Statistics revealed today. In London, an average-priced home will cost prospective buyers from low-income households an eyewatering 40 years’ [...]
Shell unveils record profits and begins $6bn buyback programme July 28, 2022 Shell has posted massive profits of $11.5 billion for the second quarter, smashing its previous record three months of trading earlier this year.
Exclusive: Industry body urges Tory leadership contenders to back fracking July 28, 2022 The UK's leading onshore energy body has called on the two Tory leadership contenders to lift the moratorium on fracking.
Explainer-in-brief: Behind Rishi Sunak’s VAT cut promise July 28, 2022 Rishi Sunak has announced a plan to cut VAT from energy bills in a bid to ease the burden on households. Many, however, have seen it as a desperate attempt to revive his “underdog campaign” for the Tory leadership. His flagship ideology thus far has been that tax cuts would stoke inflation by encouraging people [...]
Sunak’s pledge for VAT cuts on energy bills only a short-term solution to energy crisis, warns IFS July 28, 2022 Scrapping VAT on energy bills should only be a temporary measure to ease costs for struggling households, argued the IFS.