Sunak Stands Firm on UK Oil Windfall Tax
UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax. UK Chancellor of the Exchequer Rishi Sunak remained committed to his windfall tax on oil and gas Continue Reading
UK government “fleshing out details” of oil, gas producer windfall tax
The British government is still “fleshing out details” of a special tax on North Sea oil and gas producers announced last month, energy minister Kwasi Kwarteng told a conference on Continue Reading
UK Energy Price Cap Set to Peak at Over £3,000 in 2023
Goldman Has Raised European Gas Price Forecast UK energy prices are set to rise more than 50% from current levels, as natural gas supplies continue to face disruption following Russia’s Continue Reading
UK inflation hits 40-year record, highest in G7
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month, the highest rate out of the Group of Seven countries and underlining the severity Continue Reading
Biggest rail strike in 30 years brings UK to standstill
Britain’s biggest rail strike in 30 years kicked off on Tuesday as tens of thousands of staff walked out in a dispute over pay and jobs that could pave the Continue Reading
British minister condemns rail strikes as ‘huge mistake’
British transport secretary Grant Shapps has condemned planned rail strikes as a “huge mistake” that will stop people from attending hospital appointments, sitting school exams or getting to work. The Continue Reading
UK to end plug-in vehicle grant to focus on expanding EV charging network
Highlights Grant was always temporary: government Supporting purchase of other road vehicles EV running-cost savings often exceed grant: minister The UK government has decided to close the plug-in vehicles grant Continue Reading
Britain orders review of fuel market as pump prices surge
Britain’s competition watchdog has been asked by the government to review the retail fuel market to see whether a cut in duty has been passed onto consumers as prices at Continue Reading
UK Economy Shrinks Unexpectedly
Figures reduce the risk of a half-point rise in interest rates CBI calls on government to spur growth and business investment WATCH: The unexpected fall causes a dilemma for BOE Continue Reading
Why Is The UK Sending Gasoline To America As Prices Explode?
The UK shipped 1.85 million barrels of gasoline to the United States in May. UK gasoline prices are as much as $3 per gallon higher than in the U.S. Taxes Continue Reading