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 winter of discontent looms ahead of us. Gas prices have skyrocketed, petrol has run out, and inflation is hitting record highs. So how can Britons hope to heat their homes this Christmas? Well, we at Politics.co.uk realise there’s a surplus of hot air coming from parliament. It’s about time they shared it out. The…
The End Fuel Poverty Coalition campaign group has said that fuel poverty could become endemic in the UK unless swift action is taken. New data from the group shows that one in five households will be forced into fuel poverty as Ofgem’s energy price hike is set to hit thousands from 1 October. A new…
The business, energy and industrial strategy parliamentary committee heard evidence today from experts from within the gas industry about the increasingly high gas prices seen over the past month. Emma Pinchbeck, chief executive officer for Energy UK, said: “We’re not just in a situation where we have regular market failure, where companies that in the…
