Gas shortages this winter could force factories to ‘shut down’, says industry chief. The National Grid warns of three-hour power cuts in some areas. The National Grid Electricity System Operator is planning for a sufficient power supply in the face … Continue reading Electricity Suppliers Warn of 3 Hour Power Cuts
Today the new Prime Minister Liz Truss announced a huge cost of living support package estimated to be worth £150bn. It will freeze the energy bills of consumers and businesses from further rises. It’s good that the government is stepping … Continue reading Tax Justice calls for 95% Energy Windfall Tax
Making her debut speech in PMQ today, Prime Minister Liz Truss confirmed that she is not in favour of implementing Windfall Tax on Energy companies (thereby overturning a previous promise made by Rishi Sunak whilst he was Chancellor); preferring instead … Continue reading Truss Economy: No Windfall Tax; Public Borrowing and a Tax Cut for ‘Investment’?
Making her debut speech in PMQ today, Prime Minister Liz Truss confirmed that she is not in favour of implementing Windfall Tax on Energy companies (thereby overturning a previous promise made by Rishi Sunak whilst he was Chancellor); preferring instead … Continue reading Truss Economy: No Windfall Tax; Public Borrowing and a Tax Cut for ‘Investment’?
Prime Minister Liz Truss is planning to borrow billions to limit the expected sharp rise in energy bills for households and firms. According to reports, the government intends to pay energy companies to subsidise prices, with customers no longer required … Continue reading UK Government Will Borrow to Subsidise Energy Companies
