Fuel retailers hit back at detractors, blaming volatile market for pump price increase June 29, 2022 Fuel retailers have hit back after motoring bodies have accused them of “inexplicably” rising fuel prices at UK pumps. Gordon Balmer, director at the Petrol Retailers Association (PRA), has told journalists that operators are currently operating at a loss due to wholesale prices rising because of the volatile oil market. “Independent fuel retailers need to [...]
Kwarteng ditches corporation tax hike in bid to lure investment September 23, 2022 Kwasi Kwarteng has scrapped the formerly announced six percentage point hike in corporation tax - keeping the rate at 19 per cent.
Explainer-in-brief: Fuel duty cuts and road taxes will drive us forward March 23, 2022 In 2011, then-Chancellor George Osborne cut fuel duty by 1p and froze it. It has stayed at 57.95p per litre ever since. Now as motorists face the second petrol crisis in five months – after crucial shortages in October last year – Rishi Sunak is expected to cut fuel duty again in his spring statement. [...]
Brewdog to shut six bars as its CEO launches scathing attack on ‘zombie government’ September 1, 2022 Pub chain BrewDog will close six outlets across the UK as its CEO launched a scathing attack on the “zombie government’s” lack of support for the industry amid soaring energy costs. Its CEO and founder James Watt shared the news on a heartfelt LinkedIn post, in which he appealed to Liz Truss and Rishi Sunak [...]
Truss accused of U-turn as she opens up to idea of direct cost of living payments August 10, 2022 Liz Truss has been accused of performing another policy U-turn, after the Tory leadership frontrunner hinted she was open to giving households cash payments to ease the cost of living crisis. Sources on her campaign today said “there is work going on in government on what more can be done” to help people cope with [...]
Sadiq Khan: Next PM must ditch “anti-London agenda” and work with City Hall August 31, 2022 Sadiq Khan slammed Boris Johnson’s outgoing administration as the “most anti-London government in modern times” as he pledged to work with the new Prime Minister to reset relations between the capital and the government. Liz Truss and Rishi Sunak will take part in the final hustings of the contest to be the next PM in [...]
Sunak calls China ‘number one threat’ as Truss doubts his hawk credentials July 24, 2022 Rishi Sunak has today claimed China is the “largest threat to Britain and the world’s security” in a bid to polish his foreign policy credentials. The Tory leadership candidate said “enough is enough” of Beijing’s efforts to undermine democracy and steal overseas intellectual property, adding “I will stop China taking over our universities, and get [...]
Sunak: BoE will ‘act forcefully’ on inflation and govt will ‘be responsible with borrowing and debt’ June 22, 2022 Rishi Sunak sought to reassure people following a 40-year high in UK inflation to 9.1 per cent, insisting the Bank of England will “act forcefully” to counter the rise. The BoE, which is independent of government, has been criticised for not being quick and decisive enough about rising costs of living, with members of the [...]
PM ‘set for’ no confidence vote as soon as this week as Westminster buzzes with Boris speculation June 5, 2022 SPECULATION that the Prime Minister Boris Johnson could face a confidence vote this week has increased after polling suggested the Conservatives could lose a key by-election at the end of this month. A host of reports over the weekend suggested that more than sixty Tory MPs had submitted letters to the party’s backbench chairman, Sir [...]
Windfall tax makes no sense for renewables, says Cornwall Insight November 12, 2022 It would be disproportionate to expand the windfall tax to electricity generators, argued Cornwall Insight, amid a commodities boom.