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Putin threatens Ukraine with war in days and will turn gas off to Europe which will cause ‘energy rationing’

The Ukraine is on the brink war as Vladimir Putin has threatened to invade within days and the Russian leader has made threats to cut off the gas supply to… The post Putin threatens Ukraine with war in days and will turn gas off to Europe which will cause ‘energy rationing’ appeared first on London…

1 in 4 seeking debt help are single families, says Citizens Advice

Analysis released today by Citizens Advice shows the struggle that many people, particularly single-parent families, have with debt as the cost of living crisis begins to bite. Citizens Advice’s figures show that around 280,000 people in England and Wales sought one-to-one help with debt in 2021, with many more using its website. Of those, almost…

Europe warned ‘electricity blackouts are likely’ within months should the average temperatures fall

Analysts at investment bank Goldman Sachs have warned that Europe could be struck with “electricity blackouts” within months should the average temperatures fall. Europe has more than enough gas stored… The post Europe warned ‘electricity blackouts are likely’ within months should the average temperatures fall appeared first on London Business News | Londonlovesbusiness.com.

Could an R&D claim help to offset rising business energy bills? 

Much has been made of energy price rises and how this will affect consumers when the next energy cap review takes place in April. Yet as the cost of fossil… The post Could an R&D claim help to offset rising business energy bills?  appeared first on London Business News | Londonlovesbusiness.com.

Offshore wind projects raise concerns for fishermen

A fishing industry group want “meaningful engagement” after Crown Estate Scotland announced the results of the ScotWind leasing process. This will see more than 7,000 square kilometres (2,700 square miles)… The post Offshore wind projects raise concerns for fishermen appeared first on London Business News | Londonlovesbusiness.com.

Millions of Brits are suffering with ‘fuel stress’ as soaring energy bills are unaffordable for many

A think tank has predicted that many families across the UK are spending at least 10% of their household income on energy bills which are steadily rising. The Resolution Foundation… The post Millions of Brits are suffering with ‘fuel stress’ as soaring energy bills are unaffordable for many appeared first on London Business News |…

Forget Ovo Energy advice, new data on how Brits are really keeping warm

New research has shown that volumes of online searches for ‘wood burning stoves’ have soared (up by 36%) compared to last year, suggesting a surge in interest in old-school domestic… The post Forget Ovo Energy advice, new data on how Brits are really keeping warm appeared first on London Business News | Londonlovesbusiness.com.

Lowering VAT on fuel bills won’t work for the poorest

Lowering VAT charges on fuel may be politically attractive but is not good news for those who will struggle the most, say leading tax and advisory firm Blick Rothenberg Heather… The post Lowering VAT on fuel bills won’t work for the poorest appeared first on London Business News | Londonlovesbusiness.com.

Energy firm to cut 1,700 jobs leaving workers ‘devastated’ and will reduce number of offices from 10 to three

The energy firm Ovo are to cut 1,700 jobs leaving workers “devastated” and unions will oppose the job cuts. The government has been criticised by unions for “doing nothing” to… The post Energy firm to cut 1,700 jobs leaving workers ‘devastated’ and will reduce number of offices from 10 to three appeared first on London…

Ineos signs renewable power deal with Eneco

Ineos has agreed a long-term Power Purchase Agreement for renewable offshore wind power in Belgium with sustainable energy producer Eneco.  Under the terms of the ten-year deal, which begins in… The post Ineos signs renewable power deal with Eneco appeared first on London Business News | Londonlovesbusiness.com.

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