Minister for business, energy and Industrial strategy, Kwasi Kwarteng, made a statement to the House of Commons, regarding Storm Eunice. He told the House that Eunice brought “the highest speeds of wind ever recorded in England” and that the impact has been four people “tragically losing their lives” while 2% of those with power outages…
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…
The latest Consumer Borrowing Index study by NerdWallet has revealed that a worrying 31% of Brits feel anxious when spending on credit, and almost one in 10 acknowledged feelings of depression… The post Money worries: Over a third of consumers feel anxious or depressed spending on credit appeared first on London Business News | Londonlovesbusiness.com.
The chairman of Tesco has warned that the worst of rising food prices is “yet to come” and by spring there could be a 5% rise. John Allen told the… The post Tesco chairman warns inflation could trigger rising food prices as the worst is ‘yet to come’ appeared first on London Business News |…
Energy bills are to rise in April and again in October and the government has not ruled out further support for households. The situation will be kept under “constant review”… The post Energy bills could rise again in October along with the rise in April and more support is not ruled out appeared first on…
The head of the Confederation of British Industry has warned on Thursday that Brits should brace for high energy bills for the next “two or three years.” The Director-General of… The post Brits warned to expect ‘two or three years worth of very high energy bills’ as this is not a ‘one off’ appeared first…
The Chancellor Rishi Sunak set out plans on Thursday to take the “sting out” of the £693 rise on household energy bills. The Chancellor announced that all households will be… The post Chancellor accused of taking ‘socialist approach’ to easing the soaring energy bills crisis appeared first on London Business News | Londonlovesbusiness.com.
Responding to the news that the Government has launched new support measures to mitigate the impacts of rising energy bills for households and the Bank of England’s Monetary Policy Committee… The post Small firms left out in the cold from energy support measures, as 0.5% base rate hits appeared first on London Business News |…
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…
The Prime Minister had promised Brits that once the UK has left the Bloc there will be cheaper gas bills after Brexit. Today millions of families are now facing soaring… The post Boris did promise cheaper gas and to scrap the ‘damaging tax’ after Brexit which has turned out to be ‘fantasy’ appeared first on…
