Just 12 tower blocks see dangerous cladding removed through £5bn fund January 7, 2022 Just 12 buildings have had dangerous cladding removed with the aid of a £5bn government fund, which was created to fix thousands of risky tower blocks. The Building Safety Fund was created in 2020 to help residents of blocks more than 18 metres tall with the removal of a certain type of hazardous cladding. Some [...]
Sunak unveils £9bn package to slash £350 off energy bills this year February 3, 2022 The “vast majority” of households will get government help on their energy bills to the tune of £350 to partially offset soaring prices as a part of a £9bn package announced by Rishi Sunak today. The announcement comes as Ofgem today announced an increase in the energy price cap from April, which will mean the [...]
UK hurtling toward recession on double-digit cost of living squeeze, Bank of England warns May 5, 2022 The UK is hurtling towards a recession sparked by households being gripped by the tightest cost of living squeeze since the early 1980s, revealed fresh forecasts by the Bank of England today. The economy will struggle to eke any growth for most of next year, dragging the UK into a 0.25 per cent contraction in [...]
Government borrowing in August hit £20.5bn September 21, 2021 Government borrowing stood at £20.5bn in August, down from £26bn the previous year, according to official data. The Office for National Statistics (ONS) said last month’s figure was the second highest August borrowing since records began in 1993. The data shows borrowing so far this financial year has reached £93.8bn since the end of March [...]
Downing Street rushes to stress relation between PM and Chancellor is ‘good’ while Boris Johnson turns to Lion King after staff exodus February 4, 2022 Downing Street insisted this afternoon that relations between Boris Johnson and Chancellor Rishi Sunak are “good”. The Prime Minister’s official spokesman said: “I don’t know when they last spoke, they speak almost daily, but I don’t know the exact last time.” Asked how relations are between No 10 and No 11, he said: “Good – [...]
More than half FTSE100 firms commit to ending carbon emissions by 2050 November 4, 2021 Almost two-in three FTSE100 firms are now committed to ending their carbon emissions by 2050, after a new group of companies recently signed up to a United Nations campaign. Sixty FTSE100 firms have now signed up to the UN’s Race to Zero campaign, with bluechip companies like Barclays, AstraZeneca, Coca Cola HBC and HSBC all [...]
Bank of England hikes rates at successive meetings for first time since 2004 February 3, 2022 The Bank of England today flexed its inflation fighting muscles and hiked interest rates at successive meetings for the first time since 2004. A majority of the Bank’s committee of rate setters voted to lift rates 25 basis points to 0.5 per cent. The consecutive rate hikes mark a sharp policy shift from Threadneedle Street [...]
Mordaunt’s boss Trevelyan launches merciless attack on Tory leadership hopeful: ‘Others picked up the pieces’ July 18, 2022 Tory leadership hopeful Penny Mordaunt, currently one of the favourites to win the contest, received some harsh criticism this morning from within her own party. In fact, from her boss. Mordaunt missed key meetings in her role as a Government minister in order to plot her leadership campaign, her departmental boss has claimed. The trade [...]
Exclusive: Industry body urges Tory leadership contenders to back fracking July 28, 2022 The UK's leading onshore energy body has called on the two Tory leadership contenders to lift the moratorium on fracking.
Labour calls on UK to back Biden’s global corporate tax overhaul May 23, 2021 Boris Johnson must back US plans for a global minimum corporate tax rate to target tax avoidance, the Labour Party has warned. The Biden administration set out a tax regime overhaul last month, proposing a new tax based on sales in each country to the global profits of large corporations, regardless of their physical presence [...]