Von der Leyen sets out £120bn energy windfall plan and says Ukraine may join single market September 14, 2022 The European Union has set out plans to raise more than £120bn with a windfall tax and revenue cap on energy suppliers, as its commissioner reiterated the bloc’s backing for Ukraine. The body announced it would cap revenues for non-gas energy suppliers in a bid to reverse the fuel problem in Europe, sparked in part [...]
Truss vows to maintain UK’s military aid for Ukraine in 2023 September 20, 2022 Liz Truss has vowed to maintain the UK’s military aid for Ukraine next year, after arriving in New York for the United Nations General Assembly. The Prime Minister will underline her commitment to Ukraine in her UN speech tomorrow and tell western leaders that “we must put an end to Putin’s economic blackmail by removing [...]
EU scraps plans to ban shipping of Russian oil imports amid backlash May 10, 2022 The European Union has been forced to abandon plans to bar the shipping of Russian crude oil amid pushback from member states.
Analysis: A wind brewing over energy subsidies January 26, 2023 Windfall taxes, state aid rules, subsidies in the US. Comment and Features editor Sascha O’Sullivan looks at the brewing storm over incentives for climate firms in the UK – and holding onto the ones we have. Of all the arguments during Brexit, state aid was hardly the one to get the most airtime. But it’s [...]
Poles apart? EU closes in on Russian oil price cap but awaits Poland’s approval December 1, 2022 The EU is poised to agree a $60 price cap for Russian seaborne oil shipments, with Poland the only remaining holdout.
Sunak to press on with Brexit deal talks as EU leader’s visit cancelled February 25, 2023 The Prime Minister will keep working towards securing a post-Brexit deal after plans for an in-person meeting with the European Commission president was called off.
Sorry Britain, Europe’s just not that into you June 3, 2024 Anyone hoping for a closer relationship with the EU under a Labour government will be disappointed. There’s no evidence Brussels has any interest in welcoming Britain back into the fold, says Eliot Wilson Sir Keir Starmer is desperate not to take anything for granted. It is a cautious policy from a cautious man leading a [...]
Seven years on, we need to finally stop blaming Brexit – just look at the numbers December 6, 2023 Brexit is a convenient scapegoat for the UK's economic woes, but if we did into the data we'll see a different story, writes Paul Ormerod.
EU considers bloc-wide tax on energy prices as winter crisis deepens September 1, 2022 The EU could bring in a bloc-wide tax on energy profits and cap prices as it ramps up its response to an escalating winter crisis.
UK defence budget needs £3bn boost for ‘broken’ armed forces, top general warns February 19, 2023 A top general has warned Britain’s armed forces are “at their most broken since the Cold War” and need a £3bn boost to ramp up the UK’s military capabilities. General Sir Richard Barrons has urged Chancellor Jeremy Hunt to fund the replacement of weapons and tanks given to Ukraine in the budget next month. Barrons, [...]