New FTX CEO explores restarting exchange as Genesis’ lending unit folds January 23, 2023 Data from CryptoCompare shows that the price of Bitcoin kept on rising over the past seven days, surging to a high near the $23,000 mark.
Recession to be more than twice as bad as first feared, forecasters warn January 23, 2023 The much touted coming recession in Britain will be twice as bad as first feared, new forecasts out today reveal. Soaring prices coupled with the Bank of England’s efforts to tame them are set to deal a heavier blow to GDP than projected just a few months ago. According to the EY Item Club, the [...]
Falling gas prices could slash cost of propping up Bulb Energy by hundreds of millions of pounds January 23, 2023 The bill for propping up Bulb Energy for over a year could be slashed significantly, following a sharp drop in wholesale prices over the winter.
Rishi Sunak and Jeremy Hunt to shun tax cuts in March budget despite £11bn energy windfall January 23, 2023 Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by City A.M. Brits will have to wait until the run up to the next general election, [...]
Technology costs and inflation could drive up price of wind power January 22, 2023 The price of wind power could rise in the coming years, warns Cornwall Insight, as technology comes more expensive
Week ahead: Recession signals to flare up in fresh PMI and government borrowing to hit £18bn January 22, 2023 Investors this week will be eyeing fresh surveys for more clues on whether the UK economy has slipped into recession. London’s premier FTSE 100 index’s strong start to 2023 came off the boil slightly last week, shedding nearly one per cent to close at 7,770.59 points, while its mid-cap domestically-focused peer the FTSE 250 dropped [...]
Starmer tells Davos Labour would ban oil and gas projects, as critics say it jeopardises net zero and energy security January 20, 2023 Labour risks the UK's energy security by calling for no further investment new oil and gas projects in the North Sea, OEUK warned.
Westminster gets hundreds more Green MPs as government on track to have quarter of cars low-emission January 20, 2023 The UK Government is on track with its green targets following an announcement that over 25 per cent of all its cars now ultra-low emission vehicles. Ultra-low emission vehicles (ULEV) are cars that use low-carbon technology, emitting less than 75g of CO2/km. These are usually either electric cars or plug-in hybrids. “As the UK moves [...]
Recession risks return as Brits brace for cost of living crisis to make 2023 a ‘bumpy ride’ January 20, 2023 UK consumer confidence dipped for the first time in two months in January, raising the risk the economy will slip into recession after all despite a string of better than expected data recently, a closely watched survey out today reveals. A credit card debt hangover from the Christmas spending splurge and energy bills looming has [...]
Energy bills could drop under £2,000 per year as Cornwall Insight slashes price cap prediction again January 19, 2023 Energy bills could fall even further than expected next winter - with the price cap dropping below £2,000 per year.