Kwarteng says windfall tax on electricity firms would be ‘challenging proposition’ May 24, 2022 Slapping a windfall tax on electricity generators would be a “challenging proposition” and could hamper the UK’s net-zero ambitions, according to business secretary Kwasi Kwarteng. The business secretary also came out firmly against a windfall tax on oil and gas companies, saying the policy is “not a good idea” in comments that will put him [...]
Canary Wharf’s giants stand by idly as Brits flock en masse to challenger banks Monzo and Starling Bank August 20, 2022 In yet another sign that traditional High Street banks are losing ground across the UK, challenger banks have overtaken the established Canary Wharf institutions in a survey ranking how satisfied people and firms are with their services amid the worsening cost-of-living crisis. Starling Bank and Monzo were the top-ranked current account providers, while high-street lenders [...]
‘Tax-cutting Conservatives’ Boris Johnson and Rishi Sunak confirm tax rise is going ahead January 30, 2022 The Prime Minister and Chancellor have doubled down on a controversial planned tax hike to boost health funding, after it was reported that Boris Johnson was “wobbling” on the policy. The PM is under pressure from some Conservative MPs to scrap or at least delay the national insurance increase to win back support as he [...]
National insurance hike completely unnecessary says Brexit veteran Lord Frost as Tory calls to drop £12bn tax increase swell January 25, 2022 Lord Frost has urged Boris Johnson and Rishi Sunak not to raise taxes in April as cost-of-living is set to increase for most Brits. The Prime Minister’s former Brexit chief joined the growing number of senior Conservatives to call for the planned national insurance hike to be scrapped. The former Brexit Minister – who resigned [...]
Prepayment customers avoid energy use amid cost of living squeeze February 24, 2022 Prepayment customers have been reducing energy use to alarming degrees, according to the latest data from Uswitch.com.
EON boss warns 40 per cent of its customers face fuel poverty this winter May 22, 2022 EON's boss warns million more customers could be living in fuel poverty this winter, if the government doesn't step in to provide more help.
The Square Mile and Me: David Postings on Barclays, the Jampot and watching Wolves January 19, 2023 This week David Postings, UK Finance CEO, tells us why he's pining for southern Spain, Sweetings remains a top spot and the City should be optimistic
Investors reach for the bottle as inflation soars August 9, 2022 Nervous investors are turning to wine as a steady store of value as inflation climbs.
Heathrow ordered to lower passenger charges to less than £27 after bitter dispute with airlines June 28, 2022 The aviation watchdog ordered Heathrow Airport this morning to reduce its passenger charges amid a surge in demand for flights. The Civil Aviation Authority (CAA) said the cap on the west London airport’s average charge per passenger will fall from £30.19 today to £26.31 in 2026. Adjusted for inflation, the fare will amount to £28.39 [...]
Exclusive: Six-in-ten Brits want to level down London April 21, 2022 Almost six-in-ten Brits want to level down London by shuffling jobs and government funding from the capital to the rest of the UK, according to new polling. Polling by BMG Research, and commissioned by City A.M., shows 25 per cent of people strongly support reducing “funding, jobs and opportunities” in London to “increase them in [...]