Downing Street says the government’s position on a windfall tax for energy companies remains unchanged, despite a huge surge in profits for energy giants BP and Shell in recent days. In this morning’s Downing Street lobby briefing, the prime minister’s spokesperson said he “wasn’t aware in a change of position” on a windfall tax, despite…
Chancellor Rishi Sunak has laid out plans to spread the costs of rising energy prices for “80% of homes in England”. Sunak told the House of Commons today that it would be “dishonest” to pretend we do not have to adjust the energy price cap, which will rise to £1,971 from April.. The Chancellor faced…
A minister has stressed that he is “very, very proud” of the government’s measures to tackle cost of living issues. Foreign minister James Cleverly said the cabinet “absolutely recognise” the issues associated with the fifty per cent energy price cap jump set to be rolled out from April. This morning Ofgem is scheduled to confirm…
A new survey by Ipsos MORI shows only 1 in 3 people in the UK believe the Government will take the steps needed to deal with issues facing the energy… The post Only a third of the UK public expect the Government to take the necessary steps to deal with energy market problems appeared first…
A continuing surge in energy prices means the sceptre of inflation is looming large over the markets again with the FTSE 100 down more than 1% in early trading. AJ… The post Markets stung by energy prices appeared first on London Business News | Londonlovesbusiness.com.
