Exclusive: Energy price cap is only hurting customers, says Utilita boss August 16, 2022 The price cap is a symbol of regulatory failings across the energy sector, argued Utilita Energy (Utilita) boss Bill Bullen.
Westbrooke Associates: Investment Strategies for Turbulent Times August 16, 2022 Many factors are attributed to 2022 being one of the most volatile global markets on record. Averse to instability and the unknown, currently, markets are enduring rising inflation and geopolitical uncertainty. Taking into consideration the Ukraine conflict, disruption of Russian energy exports, rising food costs and energy prices, it’s no wonder that market volatility is [...]
Inflation deals record blow to UK workers’ living standards August 16, 2022 Surging inflation has dealt a record blow to households’ wages in a sign the UK economy is tumbling into a sharp slowdown, official figures published today showed. Brits’ pay accounting for consumer price index inflation dropped 4.1 per cent over the last three months, the biggest drop since records began in 2001, according to the [...]
Ofgem threatened with legal action if it doesn’t protect vulnerable customers from soaring energy bills August 16, 2022 Energy regulator Ofgem has been threatened with legal action if it fails to protect vulnerable customers from soaring energy bills. The Good Law Project has teamed up with anti-poverty groups urging it to ensure people can cope with bills, expected to reach upwards of £4,000 a year. This comes as the energy price cap is [...]
Hospitality firms plead for energy bill support to survive ‘dire’ situation worse than pandemic August 16, 2022 A host of hospitality and small business bodies yesterday warned that many pubs, restaurants and hotels will not survive the “onslaught” of higher energy costs in the coming months. Representative bodies including UK Hospitality warned politicians that unlike domestic customers, rates are not capped for small businesses. Last week analysts at forecaster Cornwall Insight suggested [...]
Exclusive: Labour plans to tackle energy crisis lack ‘bold thinking’ argues Utilita boss August 16, 2022 Labour's efforts to tame household energy bills this winter does not provide enough support for vulnerable customers, says Utilita.
Lift our economic spirits by keeping duties and tax down on Scotch Whisky August 16, 2022 You will struggle to find another industry that is like the Scotch Whisky industry. One that’s continued to invest in the UK economy despite the lost exports, tourist visits and hospitality income during the pandemic, rising production and shipping costs, and the loss of more than half a billion pounds in revenue because of tariffs [...]
Labour calls for sharp rise in digital services tax to ease energy costs facing businesses August 15, 2022 Labour has called for a hike the digital services tax to fund a £1bn support scheme for struggling businesses.
Labour pushes for price cap freeze to tame cost of living crisis August 15, 2022 Labour has waded into the energy crisis with £29bn proposals to ease household energy bills amid a deepening cost of living crisis.
Google searches for solar panels rocket more than 300 per cent as cost of living and energy crises hit August 15, 2022 Google searches for solar panels have rocketed by more than 300 per cent this year, with the cost of living and energy crises hitting hard, writes Cat Branagan. More Brits are looking for alternative and cleaner energy sources it has been shown by a new report of Google Trends data. Searches shot 316 per cent [...]