Red hot inflation to burn £20bn hole in UK public coffers January 12, 2022 Red hot inflation sweeping throughout the UK is set to burn a £20bn hole in the country’s public finances, one of the City’s leading economists warned today. Britain’s intensifying cost of living crisis will erode Chancellor Rishi Sunak’s room for tax giveaways in the run up to the next election. A swelling interest bill triggered [...]
Centrica boss on the energy crisis: High gas bills are here to stay January 12, 2022 Brits have been told the energy crisis may last for two years, according to Centrica’s chief executive Chris O’Shea. O’Shea said “the market suggests” high gas prices will continue “for the next 18 months to two years”. He said the high demand for gas was partly being driven by a move away from coal and [...]
Petrol prices drop to lowest levels since November after record-breaking surge January 12, 2022 Petrol prices have fallen to their lowest levels since November, with the costs of both unleaded petrol and diesel dropping over the past week.
Turning off support now puts at risk billions of taxpayers’ cash already spent January 11, 2022 At least we now know Number 10 can organise a p***-up, even if it wasn’t in a brewery. Some of their decision-making in recent weeks, and indeed since the start-of the pandemic, had rather suggested it was beyond them. Nowhere is that more clear than in the ongoing work from home order, which is gradually [...]
Households in colder parts of country could receive heating support boost January 11, 2022 Families in colder areas of the country may receive more government financial support for heating costs this winter. The Treasury is reportedly mulling giving more cash to areas that are forced to use heating more, as energy bills have skyrocketed in recent months. The idea is being considered ahead of a package of measures to [...]
Exclusive: Senior Tory calls for UK to mull HSBC sanctions over links to Uyghur oppression January 11, 2022 HSBC should be hit with economic sanctions if it does not sever ties with a firm that is closely linked to the ethnic cleansing of Uyghur Muslims in China, according to senior Tory MP Sir Iain Duncan Smith. City A.M. can reveal the former Conservative leader and a group of other MPs will write to [...]
Treasury considers cutting green levy to ease cost-of-living crisis for UK households January 11, 2022 The Treasury is mulling over cuts to green levies with UK households facing increased energy bills later this year amid a cost-of-living crisis.
Ovo Energy says sorry after it tells customers to do star jumps and cuddle pets to cut down bills January 11, 2022 Ovo Energy has apologised after it advised customers to do star jumps, cuddle pets and eat porridge to cut down energy bills and stay warm.
Grenfell: Gove tells dodgy developers ‘we are coming for you’ as they’re forced to foot the bill for cladding crisis January 10, 2022 Michael Gove has sent a stark warning to property developers that have profited from installing dangerous cladding, like that was used in the Grenfell tower, telling them that “we are coming for you” as he unveils his plan to make them pay for cladding refurbishments across the UK. Gove told MPs today that the burden [...]
Johnson says lateral flow tests will be free ‘as long as they’re very important’ to stop Covid spread January 10, 2022 Lateral flow tests will remain free in the UK for “as long as they’re very important” to stop the spread of Covid-19, Boris Johnson has said. The Prime Minister said the tests are “one of our most important lines of defence” and that “we’ve got to make sure we see off Omicron” in response to [...]