Boost for Global Britain as UK exports to EU defy Brexit challenges and hit highest level ever July 1, 2022 New ONS data shows that British exports to the EU reached their highest ever level due to rising exports of fuels as the bloc continues to import substantial quantities of LNG. Goods exports to the EU reached £16.4bn in April 2022, their highest level in current prices since the series began in 1997. Meanwhile, the [...]
UK donates long-range cruise missiles to help defence of Ukraine May 11, 2023 Ukrainians will have the “best chance to defend themselves” after the UK’s donation of Storm Shadow cruise missiles, the defence secretary has said. Ben Wallace confirmed that he and Prime Minister Rishi Sunak had agreed to authorise the donation after continued Russian attacks on Ukraine. He told the House of Commons: “Today I can confirm [...]
Lloyd’s of London member Beazley’s profits plummet 48 per cent as interest rate hikes dent portfolio March 2, 2023 Shares in specialist insurer Beazley today fell almost nine per cent after the firm told investors its profits had plummeted in 2022 due to a sharp drop in income from its investment portfolio. The insurer said its overall pre-tax profits fell 48 per cent in the year ending in December 2022 to $191m, as rising [...]
Make smart meters mandatory or miss net zero goals, energy firms warn July 3, 2023 Smart meters should be made compulsory to meet net zero goals and drive down ultra-high energy bills, argued two UK suppliers.
Zahawi: Nobody should have energy cut off this winter if they can’t pay their bills September 1, 2022 Nadhim Zahawi has said nobody should be cut off in the winter if they’re unable to pay their bills. Speaking on Sky News this morning during his tour to the United States, the chancellor accused Russia’s President Vladimir Putin of using energy “as a weapon”. This comes ahead of the conclusion of the Conservative leadership [...]
Gas prices rise as Gazprom threatens supply cuts to Ukraine pipeline November 23, 2022 Gas prices have climbed after Gazprom warned it could further limit supplies into Europe next week amid a dispute with Ukraine.
Energy security is a must, but UK’s absurd oil and gas bill won’t help January 24, 2024 The oil and gas bill is a misguided solution to the UK's energy woes; we must focus on renewables instead, writes Nigel Pocklington.
Gas prices spike 30 per cent amid Nord Stream pipeline explosions September 27, 2022 Gas prices have skyrocketed this afternoon, following reports of explosions at the sites of reported leaks in the Nord Stream pipeline.
Europe must avoid ‘sticking plaster’ solutions to meet energy needs September 12, 2022 Europe has to ramp up its own energy production, rather than become reliant on other overseas suppliers, argues a Westminster think-tank.
Ukrainian interior minister Denys Monastyrsky killed in chopper crash January 18, 2023 A helicopter crash in a Kyiv suburb on Wednesday killed 18 people, including Ukraine’s interior minister and three children, Ukrainian authorities said. Interior Minister Denys Monastyrskyi, his deputy Yevhen Yenin, and State Secretary of the Ministry of Internal Affairs Yurii Lubkovych were among those killed, according to Ihor Klymenko, chief of Ukraine’s National Police. Mr [...]