Sadiq Khan urges government to continue investing in future TfL projects January 10, 2023 The Mayor of London nhas called on the government to continue funding Transport for London’s future projects. Sadiq Khan told City A.M: “The history of London Underground shows that you’ve got to invest now for the future, you can’t stand still,” “We need government support for further investment in both the underground network and [...]
Explainer-in-brief: What’s inside the anti-strike laws the government is introducing today? January 10, 2023 Today the government proved it wasn’t prepared to abandon its carrot and stick approach to the unions just yet, bringing in anti-strike legislation. Business secretary Grant Shapps said there was a “duty to protect the public access to essential public services”, and called it a “common sense approach”. The rules will mandate that critical industries [...]
Spring Budget 2024: Hunt plans Natwest government share sale this summer as Farage says debanking row ‘far from over’ March 6, 2024 Chancellor Jeremy Hunt has outlined plans for the government to begin selling part of its stake in Natwest to the general public "at the earliest opportunity" this summer, as part of wider efforts to boost stock market investment.
Government risks higher wind power prices as industry slams lack of funds for auction round April 12, 2023 The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage in bidders.
We’ve all made mistakes: Seoul government accidentally sends evacuation order to entire populace May 31, 2023 Rare wailing air raid sirens and mobile phone alerts calling for evacuations rattled residents of the South Korean capital, Seoul, early on Wednesday after North Korea tried to launch what it said was a satellite. Nuclear-armed North Korea’s sixth satellite launch ended in failure, with the booster and payload plunging into the sea, but not before prompting emergency alerts and evacuation warnings in [...]
‘You can’t interfere in the markets,’ Asda boss tells government over food price caps May 30, 2023 Veteran retail boss Stuart Rose has warned the government of “unintended consequences” around encouraging supermarkets to impose price caps on food staples to cut the cost of living. Asda chairman Lord Rose, who also ran Marks and Spencer and chaired Ocado, said “you can’t interfere in the markets” and warned of the “unintended consequences” of [...]
Renewable revenues capped in Government push to ease record bills October 12, 2022 Renewable projects will be blocked from cashing in on the energy crisis, after the Government confirmed new plans to ease record bills.
City job losses loom amid government tax grab and recession November 22, 2022 Square Mile banks, brokers and insurers will shed jobs to alleviate pressure on their balance sheets from the government hiking taxes, the new Lord Mayor of the City of London has warned. Nicholas Lyons, the freshly minted 694th Mayor of the City, told Bloomberg today he expected “there will be some job losses” after chancellor [...]
Green groups oppose Government plans to cap renewable revenues October 10, 2022 Green groups have raised red flags over Government plans to cap the revenues enjoyed by established domestic renewable projects.
Rampant inflation to swell government’s interest bill once again February 20, 2022 Soaring inflation will swell the government’s interest bill to eye-watering levels, official figures released this week are expected to show. The cost of servicing the UK’s stock of debt has already broken several records in recent months, including hitting its highest ever level for a December at £8.1bn. Fresh figures published by the Office for [...]