UK must decarbonise heating, but not through hydrogen, Centrica boss says after government commitment March 19, 2019 Britain and other countries must remove carbon from their heating and cooling, British Gas owner Centrica said today, but warned a move to make the gas grid run on hydrogen is “unlikely to be practical”. Centrica chief executive Iain Conn said natural gas would be “crucial” in the transition to reducing carbon emissions, and that Britain [...]
The UK government should take inspiration from an unlikely source when writing its post-Brexit migration plan March 19, 2019 Another day, another chance for UK politics to reach hitherto unimaginable levels of farce. But while Downing Street reels over speaker John Bercow's characteristically dramatic intervention, it's worth remembering that the government is capable of making a complete mess of many things – not just Brexit. Take immigration, for example. We have a Prime Minister who [...]
Vote Leave chief urges MPs to back Theresa May’s deal as Brexiters start to turn March 17, 2019 The head of the Vote Leave campaign has urged MPs to swing behind Theresa May’s withdrawal agreement, saying Brexit has “never been at greater risk”. Matthew Elliott, the former chief executive of the official Brexit campaign that had the backing of Michael Gove and Boris Johnson, said the UK’s departure from the European Union “probably won’t [...]
Philip Hammond says it is ‘physically impossible’ for UK to leave EU on 29 March March 17, 2019 Philip Hammond has said it is "physically impossible" for the UK to leave the EU on 29 March. Speaking to the BBC, the chancellor said a "short extension" to Article 50 – the mechanism that allows the UK to leave the EU – was necessary to enable the government to pass all the legislation required to [...]
Hammond in Brexit talks with DUP as government tries to win over Northern Irish party March 15, 2019 Chancellor Philip Hammond is reportedly holding talks this afternoon with Northern Ireland’s Democratic Unionist Party (DUP) in a bid to gain their support for Prime Minister Theresa May’s Brexit deal. The talks come ahead of a third vote on May’s deal next week in the House of Commons, as the PM looks for approval for her [...]
State-centric and uninspiring: The Spring Statement wasn’t much to get excited about March 15, 2019 Who has time to care about a Spring Statement when the unfolding Brexit process feels like watching a cross between Saw 3 and a monster truck rally? This has been a problem for two and a half years – the Brexit black hole has sucked time and resources away from almost every other area of [...]
Spring Statement 2019: How investors can profit March 14, 2019 | City Talk By Jemma Jackson from interactive investor. There were no bunnies in the chancellor’s hat, but here are the ways investors can benefit this spring. As predicted, Brexit uncertainty torpedoed any chance of good news for the UK’s savers and investors in Chancellor Philip Hammond’s Spring Statement. We hear there’s a ‘deal dividend’ of £26.6 billion, [...]
No gas boilers in new British homes after 2025, chancellor pledges March 13, 2019 New British homes will soon be built without gas boilers as the government tries to tackle emissions. The new future homes standard will ban fossil fuel heating systems in all new houses from 2025, the chancellor said today. Read more: Spring Statement: UK slashes 2019 growth forecast The measure will help homes reach “world-leading levels [...]
Hammond calls for competition probe into digital advertising market March 13, 2019 The government will call on the competition regulator to launch an inquiry into the digital advertising sector amid concerns about the dominance of tech giants. Presenting his Spring Statement this afternoon, Chancellor Philip Hammond said he will ask the Competition and Markets Authority (CMA) to review the market and ensure Google and Facebook “pay their [...]
Spring Statement: Chancellor to consult on new ways of funding infrastructure projects March 13, 2019 The government is to launch a consultation on how the government pays for infrastructure projects such as Crossrail and HS2 in future, the chancellor said today. In a Spring Statement overshadowed by an impending vote by MPs on whether to accept a no-deal Brexit, Philip Hammond said he would consult business on how to fund [...]