UK energy suppliers must pass on benefit of falling costs – Shapps
British energy suppliers must pass on the benefit of falling wholesale energy costs to consumers in the form of cheaper tariffs, according to a senior government minister.
cost of living crisis
Centrica latest energy firm to post record profits
Centrica (LON: CNA) is the latest energy company to join the likes of BP and Shell in posting record profits in 2022, the firm brought in £3.1 billion before tax.
IR35 higher on the list of concerns than the cost of living crisis
Despite the rising cost of fuel bills, more than one-third of contractors surveyed by IR35 insurance provider, Qdos, named off-payroll tax legislation as their biggest concern of 2023.
2022 – The year politics failed
Without putting too fine a point on it 2022 has been a disaster for pretty much everyone who didn’t run a hedge fund, is a shareholder in an oil and gas or other energy company or works in a bank and is due a bonus.
‘We can’t do this alone’: Foodbank boss highlights importance of working together with Big Christmas Food Appeal
As the cost of living crisis hits everyone's wallets this Christmas a foodbank boss has made a heartfelt appeal for the public’s support as volunteers prepare for a “significant” increase in demand.
EU leaders avoid deep rift on gas price cap at energy summit
European Union leaders are struggling to find immediate practical solutions on how to deal with the energy crisis while avoiding an open rift between Germany and France.
Liz Truss blocks £15m ad campaign to help public save energy
Liz Truss has blocked a £15 million energy-saving public campaign which had been signed off by Business Secretary Jacob Rees-Mogg.
Shell CEO says governments need to tax energy firms to help poor
Governments need to tax energy producers to help the poorest people deal with the soaring cost of fuel, said the CEO of Shell (LON:SHEL).
Truss plans ‘skew support’ to richest households, warns Resolution Foundation
Richer households will benefit more than poorer ones from Liz Truss's energy bills freeze and "winter will still be tough for many" despite the policy, experts have warned.
UK energy bills to surge to £108 billion off higher oil prices – OEUK
Combined bills for households across the UK will surge beyond £100 billion when the new price cap takes effect in October, according to new research.
Extinction Rebellion protestors superglue themselves inside House of Commons
Extinction Rebellion protestors have superglued themselves inside the House of Commons.
Employment experts ‘strongly suspect’ North Sea strikes will persist following ‘significant increase’ in disputes
An “expectation gap” between workers and employers mean offshore strikes - a feature of the North Sea of late - are likely to linger for some time.
Soaring energy prices net Ineos profits of £474m
Sir Jim Ratcliffe’s Ineos has posted net profits of £472 million thanks to the soaring price of oil and gas that has left families unable to heat their homes.
Sanjoy Sen: Next PM should ensure Britain can withstand future energy shocks
You know what they say? Be careful what you wish for.
Scottish Power: Govt must double family support over energy bills
The Government was right to support the people of Ukraine, but must now step up and support Britons through the cost-of-living crisis the conflict there has stoked, one of the country's top energy bosses has said.
Windfall Tax: No oil and gas firms meeting with Chancellor
There will be no oil and gas producers meeting with the Chancellor tomorrow, trade body OEUK has confirmed, despite reports to the contrary.
Grangemouth oil refinery strike: nearly 100 workers walk out
Around 100 workers have staged a 'wildcat' walk out at Grangemouth oil refinery to strike for a better pay that reflects the rate of inflation.
New dire price cap warning as energy bills look set to hit £4,200 in January
Energy regulator Ofgem is to blame for part of a massive increase in energy bills, experts said, as they forecast that the price cap will hit more than £4,200 in January.
Shell looks to share more of its huge profits
Shell (LON: SHEL) is seeking to redistribute more of its huge profits off the back of soaring energy prices.