Brits’ energy bills to swell more than £300 with poorest hit hardest – CityAM : CityAM September 26, 2021 Brits’ household bills are set to swell over the next year, with the poorest households being hit hardest by the energy crisis, according to new research. Energy bills will rise by more than £300 over the next year, highlighting the scale of the impact the crisis will have on Brits’ finances, shows research by the [...]
‘Triple-whammy’ of inflation, energy bills and tax rises to eat into household budgets September 26, 2021 Incoming budget pressures over the next six months could squeeze the budgets of many Brits. In fact, a “triple-whammy” may leave low income families more than £1,000 worse off annually, according to a think tank. Inflation, rising energy bills and the looming health and social care tax could leave households worse off even after increases [...]
Government to scale up nuclear power production after ‘years of dithering’ September 26, 2021 The government will back a rapid expansion of the UK’s nuclear energy production after “years of dithering” as the energy crisis prompts it to strengthen the country’s electricity supply. Ministers are understood to have zeroed in on nuclear energy as a means to helping the government achieve its net zero target by 2050, according to [...]
MPs zero in on deal to boot China out of £20bn nuclear power station project September 25, 2021 MPs are reportedly zeroing in on a deal that could see China booted from a £20bn nuclear power station project. The move, which could see the government take a stake in the Sizewell C power station, is likely to heighten geopolitical tensions. The government could reportedly confirm the plans by the beginning of October. Buying [...]
Lorry driver squeeze and CO2 shortage leaves Brits unable to buy food September 24, 2021 Severe lorry driver and CO2 shortages are stopping Brits from buying food, according to official statistics released today. Around one in six people are unable to buy essential food items due to them not being available, according to the Office for National Statistics (ONS). A paucity of lorry drivers has led to lengthy delays in [...]
Planes, trains and automobiles – how is Europe’s transport sector curbing its emissions? September 24, 2021 Greenhouse gas emissions in the EU fell by 3.8% in 2019, according to the European Environment Agency, bringing them to 24.0% below the levels seen in 1990. However, the EU is targeting a 55% reduction by 2030 (compared to 1990) with the aim of reaching net zero by 2050. There is still a long way to [...]
Kwarteng: No grants to energy big boys to take on more customers September 24, 2021 GRANTS to larger energy firms to absorb new customers are “categorically” off the table, the business secretary told MPs yesterday. Speaking in the House of Commons, Kwasi Kwarteng said that there was an existing process to deal with customers of energy firms that collapsed, the supplier of last resort. When a firm fails, customers are [...]
Anxiety about soaring living costs weighs down UK consumer confidence September 24, 2021 Intense anxiety about sharp rises in the cost of living is weighing down Brits’ confidence levels, according to fresh data published today. Consumer confidence in the UK slid five points to minus 13 in September, driven by Brits sharpening their focus on the spectre of inflation and tax hikes looming over their living standards. Empty [...]
Spectre of ‘stagflation’ looms over UK economy September 23, 2021 The UK economy is in real danger of undergoing a period of “stagflation” as prices soar and growth slows to a snail’s pace, according to a closely watched survey released today. The latest IHS Markit / CIPS UK composite output index dropped to 54.1 in September, down from August’s reading of 54.8. Chris Williamson, chief [...]
Small energy suppliers Green and Avro cease trading after pleading for support September 22, 2021 Green and Avro have announced they are leaving the energy market and will cease trading. The announcement from Green came just one day after it was reported the firm had lined up insolvency advisers. The supplier said it was “exiting the market due to the government failing to provide any support to smaller energy suppliers,” [...]