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Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages – as EU agrees to cut electricity use

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise...

by admin October 6, 2022
Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages - as EU agrees to cut electricity use
Business

Energy crisis: How worried should I be about the lights going out?

The latest information on the risks facing gas and electricity supplies suggests there is an increased risk of blackouts this winter – but they...

by admin October 6, 2022
Energy crisis: How worried should I be about the lights going out?
Business

Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise...

by admin October 6, 2022
Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages - as EU agrees to cut electricity use
Business

Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme

The UK’s biggest mortgage lenders will urge the chancellor to extend a government home loans initiative which helps first-time buyers get onto the property...

by admin October 6, 2022
Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme
Business

Pound falls again as agency downgrades outlook for UK’s credit rating to ‘negative’

A measure of confidence in the UK’s creditworthiness has been slashed by another major ratings agency in the wake of the mini-budget, piling further...

by admin October 6, 2022
Pound falls again as agency downgrades outlook for UK's credit rating to 'negative'
Business

Cost of living: ‘Stealthy’ tax and benefit freezes will outweigh tax cuts, say economists

“Stealthy” freezes to tax and welfare thresholds will outweigh any benefits people will get from the government’s plan to cut taxes, according to economists....

by admin October 6, 2022
Cost of living: 'Stealthy' tax and benefit freezes will outweigh tax cuts, say economists
Business

Amid energy security and price crisis, key winter outlook report takes on particular significance

The National Grid’s electricity system operator and gas system operator will release one of their regular winter outlook reports later. They are designed to...

by admin October 5, 2022
Amid energy security and price crisis, key winter outlook report takes on particular significance
Business

Oil prices to rise as two million fewer barrels to be produced each day

Two million fewer barrels of oil are to be produced each day, equivalent to 2% of global supply, the Organisation of the Petroleum Exporting...

by admin October 5, 2022
Oil prices to rise as two million fewer barrels to be produced each day
Business

Kwarteng to meet high street bank chiefs amid mortgage market freeze

Executives from Britain’s biggest high street banks have been summoned for talks with Kwasi Kwarteng amid concerns about the impact of recent financial turmoil...

by admin October 5, 2022
Kwarteng to meet high street bank chiefs amid mortgage market freeze
Business

Cost of living: Tesco ‘inflating prices a little bit less and a little bit later’ than the competition

The boss of the UK’s biggest retailer says it is “inflating prices a little bit less and a little bit later” than the competition...

by admin October 5, 2022
Cost of living: Tesco 'inflating prices a little bit less and a little bit later' than the competition
Business

Energy price guarantee could cost taxpayer £140bn in ‘extreme’ scenario, market expert warns

The taxpayer support for household energy bills could cost up to £140bn in an “extreme” scenario, an energy market expert has warned. Cornwall Insight,...

by admin October 5, 2022
Energy price guarantee could cost taxpayer £140bn in 'extreme' scenario, market expert warns
Business

Drivers missing out on 10p cut in petrol prices, says RAC

Motorists are being denied a further 10p cut in petrol prices because retailers have hiked their profit margins, according to the RAC. The motoring...

by admin October 4, 2022
Drivers missing out on 10p cut in petrol prices, says RAC
Business

Elon Musk agrees to buy Twitter for original offer price of $44bn – legal battle set to end

Elon Musk is planning to buy social media company Twitter for his original offer price. The world’s richest man is proposing to go ahead...

by admin October 4, 2022
Elon Musk agrees to buy Twitter for original offer price of bn - legal battle set to end
Business

Renewed focus on pension fund investment strategy following Bank of England’s intervention in gilt market

The upheaval in gilt (UK government bond) markets that led to last week’s spectacular intervention from the Bank of England continues to reverberate. The...

by admin October 4, 2022
Renewed focus on pension fund investment strategy following Bank of England's intervention in gilt market
Business

Cost of living: Fuel prices could rise again as oil-producing states ponder output cut

There is a mounting risk that fuel prices could soon begin to rise again as major oil-producing countries ponder a big cut in output....

by admin October 4, 2022
Cost of living: Fuel prices could rise again as oil-producing states ponder output cut
Business

Cost of living: Shell boss calls on government to tax oil and gas companies to protect poorest

The chief executive of Shell has called on the government to tax oil and gas companies in order to protect the poorest people in...

by admin October 4, 2022
Cost of living: Shell boss calls on government to tax oil and gas companies to protect poorest
Business

Glacially slow progress on gender equality as 96% of CEOs of Britain’s largest public companies are men

Only 1 in 25 of CEOs in Britain’s largest publicly listed companies are women, according to a new report. Analysis of senior leadership in...

by admin October 4, 2022
Glacially slow progress on gender equality as 96% of CEOs of Britain's largest public companies are men
Business

Liz Truss refuses to commit to raising benefits in line with inflation despite growing pressure

Liz Truss has refused to commit to raising benefits in line with inflation, despite growing pressure from a cabinet minister and senior Tory MPs....

by admin October 4, 2022
Liz Truss refuses to commit to raising benefits in line with inflation despite growing pressure
Business

HSBC weighs multibillion pound Canada sale amid Ping An siege

HSBC Holdings is exploring a multibillion pound sale of its operations in Canada in what would mark a significant retreat from its presence in...

by admin October 4, 2022
HSBC weighs multibillion pound Canada sale amid Ping An siege
Business

Cost of living: ‘Significant risk’ of UK gas supply emergency, energy regulator warns

The energy regulator has warned the UK is facing a “significant risk” of gas shortages this winter. The information, which was revealed in a...

by admin October 4, 2022
Cost of living: 'Significant risk' of UK gas supply emergency, energy regulator warns
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Recent Articles
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