Government to breach manifesto pledge and scrap triple lock August 18, 2021 The Conservative government is set to break a key manifesto pledge next year to avoid placing further pressure on the strained public finances. The state pension will rise 2.5 per cent next year, breaching the Tories’ promise to retain the triple lock increase. Under the policy, the state pension rises by whichever is highest out [...]
Government puts £72m into new laser weapons programme September 14, 2021 The government has today unveiled its first ever investment into laser weapons as it seeks to give the armed forces the equipment they need to handle the next generation of battlefield combat. The Ministry of Defence (MOD) will put £72.5m into three “Directed Energy Weapons”, as the technologies are known. Consortia headed by Thales and [...]
Ukrainian court confirms £98m lawsuit against London-listed Ferrexpo billionaire January 29, 2024 Kostyantyn Zhevago faces a number of charges from his country's government including an embezzlement action
Less than one in five punters back Government plans to let bookies run ‘affordability’ checks January 20, 2022 Fewer than one in five punters would be willing to let betting companies access their bank accounts or wage slips in order to have a flutter, a new poll has revealed.
Government unveils biggest ever renewable power auction round September 13, 2021 The government today unveiled the biggest ever funding round for its flagship renewable energy scheme as it seeks to accelerate investment into green energy sources. Under the fourth round of the Contract-for-Difference programme, £200m will be made available to support the development of offshore wind farms. By the end of the decade, ministers have set [...]
Half of UK households call on government and energy industry to do more to ease rising energy bills January 19, 2022 50 per cent of energy bill payers believe support from the government and energy industry has been inadequate during the current crisis.
Government plans green gas levy as consumers face soaring bills October 9, 2021 The government is reportedly mulling plans for a levy on gas bills to help fund low carbon heating even as Brits face record energy bills. In the next few weeks ministers are expected to unveil a carbon pricing scheme which will push up gas bills still higher according to The Times. A government spokesperson for [...]
Government to review energy firms that exaggerate their green credentials August 16, 2021 The government is set to launch a review into energy tariffs that falsely claim to be green amid concerns that some firms are exaggerating their environmental credentials. Energy minister Anne-Marie Trevelyan said 9m households are on energy tariffs that are branded as 100 per cent renewable or green, but industry figures have warned the claims may [...]
Abrdn and two more City giants shun Sizewell C nuclear project April 15, 2024 The government is currently the majority shareholder and is currently investing a total of £2.5bn in financial support for the project.
Good Energy calls for government support as share price plummets amid soaring wholesale costs December 22, 2021 Good Energy's shares tumbled seven per cent on Wednesday, after it downgraded it profits guidance by £3m amid serious volatility in the industry.