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.
The Big-Bang 2.0 fails to make City rules fit for an era of crypto and email not Telex July 28, 2022 THE Financial Services and Markets Bill 2022, introduced last week, failed to usher in the “Big Bang 2.0” of financial services regulation we were promised. It is true that many of the initiatives contained within the bill are sensible, welcome, and necessary – but they are nowhere near as radical as what is required to [...]
Rishi Sunak under fire for ‘flip-flopping’ on tax after promising to cut VAT on energy bills July 27, 2022 Tory leadership hopeful Rishi Sunak has been accused of “flip-flopping” on tax after pledging to cut VAT on energy bills and interrupting his rival Liz Truss in two debates in recent days. It came after the Tory leadership hopeful unveiled plans to remove VAT from domestic energy bills for a year if the price cap [...]
Stop throwing around cash promises and cut red tape July 27, 2022 THE Conservative party leadership candidates agree that the British economy is in dire straits. Inflation is biting incomes, growth is stagnant while public services are faltering. In response, Liz Truss backs a bold new approach encompassing supply-side reforms, while Rishi Sunak promises a “radical set of Thatcherite reforms that will unleash growth and strengthen our [...]
The race for Tory leader is out of step with our social media news addiction July 27, 2022 REALISTICALLY, whenever I have the time and can be bothered, I will always turn to traditional news sources instead of simply people on Twitter. But it would be misleading to say this does not require a concerted effort. My incentive to go on social media is instinctively stronger. It’s full of my peers, friends, people [...]
TalkTV Tory leadership debate halted after ‘medical issue’ July 26, 2022 Tonight’s TalkTV/The Sun debate between Rishi Sunak and Liz Truss finished prematurely, after the moderator fainted on stage. A NewsUK spokesperson said Kate McCann, political editor at TalkTV, was fine but that it was decided the debate should not continue. A loud crash was heard about 30 minutes into the debate and a visibly shaken [...]
UK sinks to bottom of G7 growth league amid global economic downturn July 26, 2022 The global economy could be hurtling toward one of the sharpest slowdowns in recent memory, with the UK plummeting to the bottom of the G7 growth league, the International Monetary Fund (IMF) warned today. A full shut off of Russian gas flows to Europe and more upside inflation shocks would plunge growth into among the [...]