Boris Johnson plays down onshore wind power March 30, 2022 Boris Johnson has played down the prospect of ramping up onshore wind power in the government's upcoming energy strategy.
Raising taxes on working people is ‘bananas’, economists warn March 30, 2022 Raising taxes on working people while shielding other forms of income from levies is “bananas,” according to a top wonk’s analysis of chancellor Rishi Sunak’s spring statement. Hiking employers and employees national insurance contributions 1.25 percentage points in April instead of using income tax to raise revenue is the “opposite of what everybody thinks we [...]
Johnson says he is tax cutter, despite hiking tax burden to 70-year high March 30, 2022 Boris Johnson has claimed he and Rishi Sunak are “tax-cutting Conservatives”, despite the pair hiking the UK’s tax burden to its highest level since the 1950s over the past two years. Sunak oversaw cuts to fuel duty and National Insurance last week as a part of his economic spring statement last week, while also announcing [...]
Opinion-in-brief: Rishi is rich – he needs to stop pretending otherwise March 30, 2022 Rishi Sunak is, to put it simply, loaded. During the pandemic we chuckled at his £180 smart mug which kept his tea warm, we mocked him gently for his confessions-of-a-Peloton addict-style foibles. Many were a little taken aback when his wife, Akshata Murthy, headed to Loulou’s in Mayfair on the night after lockdown ended – [...]
Energy analysts welcome renewable plans but warn support for households still needed March 30, 2022 Onshore wind will provide the UK with long-term energy security but won't resolve this winter's energy crisis, according to energy experts.
Despite what we wish, there are no miracle economics Rishi can pull out of his hat March 30, 2022 The economic pressures now known as “the cost of living crisis” were at the core of the criticism of the spring statement last week. Those who once eulogised the Chancellor have now been selling their stocks of Sunak. While much of the commentary is unfair, politics is a trade in which the concept of fairness [...]
Good Energy boss warns renewable ramp up will not ease this year’s cost of living crisis March 29, 2022 Profits and gross margins at renewable specialists Good Energy have taken a hit from the crisis, but its asset sale has steadied the ship.
Rishi Sunak under pressure over wife’s ‘blood money’ through family firm still operating in Russia March 29, 2022 Rishi Sunak has been criticised by a Ukrainian MP over his wife’s family firm – which is still operating in Russia. Akshata Murthy, who is married to the chancellor of the exchequer, has been accused of collecting millions in “blood money” dividends. Her estimated 0.91% stake in Infosys, which was founded by her father Narayana, [...]
Treasury prepares to unveil new UK rules for crypto industry March 29, 2022 The UK government is poised to reveal its regulatory plans for the crypto industry in the coming weeks with particular focus on stablecoins.
Kwarteng targets trebling of solar power capacity as part of renewable ramp up plans March 29, 2022 Business Secretary Kwasi Kwarteng backs renewable ramp up to ensure secure energy supplies, despite concerns over community backlash.