Have we got the minerals for a green future? August 15, 2022 Surging metal and mineral prices could hamper the UK's renewables ambitions, raising the costs of batteries and turbines for green project.
German households braced for heavy levy as country counts cost of Russian squeeze August 15, 2022 German households will suffer the heavy price of a Russian supply squeeze on European gas flow, with a new levy on their energy bills.
Hospitality sector sounds alarm bells: Pub and restaurant closures loom as energy bill jumps of 300 per cent August 15, 2022 There will be mass closures without urgent support on soaring energy prices, pubs, restaurants and music venue leaders warned the Government today. Industry bodies UK Hospitality, Night-Time Industries Association, Music Venue Trust, The British Institute of Innkeeping and The British Beer and Pub Association, have written to the prime minister, Boris Johnson, the Chancellor, Nadhim [...]
Pressure mounts as three quarters of Tories back Labour’s £29bn emergency energy plan August 15, 2022 Three quarters of Tories back Sir Keir Starmer’s plan to freeze energy bills as pressure mounts on Sunak and Truss.
Firms scramble to hire workers despite recession jitters August 15, 2022 Businesses are still scrambling to hire staff despite experts forecasting the UK will drop into a drawn-out recession at the end of this year, a new survey published today reveals. Over seven in 10 firms intend to boost staff levels over the next three months, while just over one in 10 employers expect to cut [...]
Scottish Power urges Government to bring in price cap freeze as winter crisis looms August 14, 2022 The boss of Scottish Power has proposed that the energy price cap should be held for the next two years to ease household costs.
Exclusive: Good Energy boss hits out at ‘misty-eyed’ calls to nationalise utilities August 14, 2022 People should not get "misty-eyed" over nationalised utilities, argued Good Energy boss Nigel Pocklington.
What the new interest rates mean for the City: ‘The UK fares worse than the EU and US’ August 13, 2022 The Bank of England’s decision to further raise interest rates from 1.25 per cent to 1.75 per cent and its two-year predictions means bad news for investors and UK residents alike. And the pain is far from over. A top City analyst expects this to further rise to 2.25 per cent in September. Other than [...]
Government stops short of more support for households despite putting pressure on energy firms August 11, 2022 Boris Johnson has stopped short of announcing fresh support for energy users to tame spiralling household bills despite the escalating crisis.
Exclusive: BEIS chair slams Government over lack of insulation plans heading into winter August 11, 2022 The Government has exacerbated the energy crisis by failing to ramp up the efficiency of British homes, argued BEIS committee leader Darren Jones.