Expected 50 per cent hike in energy bills may trigger ‘devastating’ national emergency for millions of older Brits January 13, 2022 An anticipated price jump of about 50 per cent for energy bills across the country, likely from April onwards, can lead to a national emergency for millions of older people, a charity warned this morning. Age UK has urged ministers to take immediate and decisive action on energy bills to “mitigate the potentially devastating impact [...]
Employers still bumping pay despite labour squeeze cooling January 13, 2022 Employers in London and across the UK are still having to offer attractive pay packets to lure workers despite the labour squeeze easing, reveal fresh figures released today. The rate of decrease in the pool of available candidates slowed at the tail end of last year, boosting labour supply, according to research carried out by [...]
Westminster unconvinced by Britcoin, reveals report January 13, 2022 Peers remain unconvinced of the benefits of Britcoin, an electronic version of the pound backed by the central bank, according to a report.
IFS: Poorest Brits to shoulder worst cost of living shock January 12, 2022 The poorest households in the UK are set to shoulder a harder hit from the cost of living crisis, reveals new analysis released yesterday. The rising cost of energy will erode a greater proportion of poorer households’ income compared to wealthier Brits, according to the Institute for Fiscal Studies (IFS). Less wealthy Brits tend to [...]
Northern Ireland Protocol is unique opportunity for businesses, says expert January 12, 2022 An international trade expert has encouraged UK businesses to capitalise on Northern Ireland's continued EU access post-Brexit.
London markets jump on industrials rally January 12, 2022 London markets jumped today driven higher by a strong rally among industrial stocks. The capital’s premier FTSE 100 index closed 0.81 per cent higher at 7,551.72 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, squeezed out 0.08 per cent of gains to reach 23,047.16 points. [...]
IEA accuses Russia of putting pressure on Europe’s gas supplies January 12, 2022 The head of the International Energy Agency has slammed Russia, accusing the country of putting pressure on gas supplies to Europe.
North Sea Oil: Equinor faces $1.8bn impairment charge after downgrading production forecasts January 12, 2022 Norwegian energy group Equinor faces an impairment charge of about $1.8 billion after lowering output forecasts for its North Sea oil project.
Red hot inflation to burn £20bn hole in UK public coffers January 12, 2022 Red hot inflation sweeping throughout the UK is set to burn a £20bn hole in the country’s public finances, one of the City’s leading economists warned today. Britain’s intensifying cost of living crisis will erode Chancellor Rishi Sunak’s room for tax giveaways in the run up to the next election. A swelling interest bill triggered [...]
Oil prices could reach $100 per barrel amid tightening supplies and reduced Omicron fears January 12, 2022 Oil prices could reach to $100 per barrel within months, as supplies tighten and demand strengthens amid reduced Omicron fears.