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Category: United Kingdom

Category:
  • United Kingdom

UK looking at long-term gas import contracts to ensure supply security: PM

UK talking to market about commercial gas deal availability Norway, US, Qatar key gas suppliers to UK market Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading

Posted On : 5 Oct 2022 Published By : Tom Whipple
Category:
  • United Kingdom

UK’s Truss makes U-turn on tax after week of market turmoil

Truss had defended the policy on Sunday Kwarteng now says it was a distraction U-turn made with ‘humility and contrition’ – Kwarteng Cut in highest tax rate was small part Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • United Kingdom

UK Energy Regulator Warns of ‘Significant Risk’ of Gas Shortage

Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton. The UK faces a “significant risk” of gas shortages this winter Continue Reading

Posted On : 3 Oct 2022 Published By : Tom Whipple
Category:
  • United Kingdom

UK Food Inflation Swells To Highest Rate Ever Recorded

Food inflation has soared to the highest rate ever recorded. Fresh food swelled to 12%, while the price of animal feed and fertilizer climbed even higher. Shoppers are expected to Continue Reading

Posted On : 29 Sep 2022 Published By : Tom Whipple
Category:
  • United Kingdom

British Retail Facing ‘Mortgage Time Bomb,’ Deutsche Bank Warns

UK retailers are facing a “mortgage time bomb,” with rising interest rates set to have twice the impact on consumer finances as the recent surge in utility bills, according to Continue Reading

Posted On : 29 Sep 2022 Published By : Tom Whipple
Category:
  • United Kingdom

UK Regulator Demands Energy Firms Improve Support For Vulnerable Customers

According to Ofgem, three UK energy firms have severe weaknesses in how they support customers in payment difficulties. The regulator has demanded Scottish Power, Tru Energy and Utilita improve their Continue Reading

Posted On : 28 Sep 2022 Published By : Tom Whipple
Category:
  • United Kingdom

Truss Takes a Bold Economic Gamble. Will It Sink Her Government?

 Prime Minister Liz Truss of Britain campaigned as a tax cutter and champion of supply-side economics, and she won the race to replace her scandal-scarred predecessor, Boris Johnson. Now she Continue Reading

Posted On : 28 Sep 2022 Published By : Tom Whipple
Category:
  • United Kingdom

UK scours market for new gas, LNG supply deals as pound weakness bites

BEIS talking to market about commercial gas deal availability US LNG producers approached for supply proposals: sources Pound weakness adding to LNG procurement costs in UK The UK government is Continue Reading

Posted On : 27 Sep 2022 Published By : Tom Whipple
Category:
  • United Kingdom

Pound plunge the latest ill omen as market stress rises

 Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone yields higher as the fall out from last week’s fiscal statement in Continue Reading

Posted On : 26 Sep 2022 Published By : Tom Whipple
Category:
  • United Kingdom

UK Set for Winter Power Shortages Even With Coal Making Comeback

Europe May Rely on Coal More in Winter, Kung Says The UK may still face energy shortages this winter even after resorting to burning coal, with less power flowing through Continue Reading

Posted On : 24 Sep 2022 Published By : Tom Whipple

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