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Business secretary to keep energy price cap in place this winter
The business secretary has vowed to keep energy prices capped this winter despite soaring wholesale prices to shield millions of consumers from price hikes this Christmas.Kwasi Kwarteng said keeping the cap in place is “non-negotiable” and did not set out any additional support for struggling businesses after some company bosses and some Tory MPs called …
Business
Sky News
2,000 extra training places for HGV drivers are ‘a drop in the ocean’, Labour says
An extra 2,000 training places will be available to increase the number of lorry drivers, but they are unlikely to have much effect before Christmas.The places will be available through previously announced “skills boot camps” backed by £17m government funding and with participants being guaranteed a job interview afterwards. But the courses do not begin …
Business
Sky News
Pig farmer warns industry facing ‘soul-breaking’ crisis ‘far worse’ than foot and mouth disease
A pig farmer who fears he may have to destroy 80 animals a week due to a shortage of butchers says the army may need to be called in to help.Stephen Thompson, who keeps 2,000 pigs at Povey Farm in Norton, Derbyshire, described the situation facing the industry as “the biggest waste and mess caused …
Business
Sky News
Revealed: Britain’s top 10 places where house prices are rising fastest
Toxteth in Liverpool leads the list of Britain’s top 10 places where house prices are rising fastest, having shot up by an average of 20% over the past year.Closely behind is Accrington in Lancashire, Retford in Nottinghamshire, and Heywood in Greater Manchester, with a 19% increase in average asking prices, according to Rightmove. The North …
Business
Sky News
Gas levy ‘expected to be confirmed in next two weeks’ despite rising prices
Plans to add a green tax levy to energy bills are expected to be confirmed in the next two weeks, according to a report in The Times.The move to introduce a levy on the fossil fuel, first reported by Sky News, is contained in a new strategy due to be published ahead of next month’s …
Business
Sky News
Ex-climate change secretary Rudd to join £250m London SPAC
Amber Rudd, the former cabinet minister, is joining a new special purpose acquisition company (SPAC) that will float in London and target a merger in the renewable energy sector.Sky News has learnt that Ms Rudd, who served as secretary of state for energy and climate change between May 2015 and July 2016, is to become …
Business
Business Live
First look inside Staffordshire pub company’s newest venue which is days away from opening
Staffordshire pub company Parogon Group will open its long-awaited next venue on Tuesday. The company – which runs a number of successful venues across Staffordshire, Shropshire and Cheshire – has confirmed that its newest restaurant, The Broughton, will open on October 12. The highly-anticipated venue’s opening has been postponed a number of times due to …
Business
Business Live
Outgoing North East Chamber chief hails region’s business community
James Ramsbotham, the outgoing head of the North East’s largest business organisation, is a man fond of a saying, and has one to describe the often turbulent times in which he held that job. “I’m a sailor,” he says, “and one of our sayings is that no-one ever learned to sail a boat on a …
Business
Business Live
Meet the new managing director of Hull Trains as he starts on a high with final fleet delivery
Declaring the first commercial journey for the final addition to Hull Trains’ £60 million Hitachi fleet as “so much more than the 10.33 to London” it is clear that optimism abounded alongside returning passengers. David Gibson saw first hand the impact the open access operator’s arrival had on the city from his time at the …
Business
Business Live
Hull Trains’ 21st anniversary platform celebrations in pictures
Business
Business Live
Strike ballot by North Wales hydro power workers
Power station workers in Gwynedd are being balloted on strike action over a pay offer. Unite the union said staff at First Hydro Company pumped storage plants at Dinorwig and Ffestiniog in Snowdonia have “bent over backwards” in the pandemic. A pay offer of 1.4% and a £1,000 lump sum for this year followed an …
Business
Sky News
Bank of England warns over threat of sharp market fall amid economic jitters
Financial markets face a sharp downturn if investors rethink the prospects of economic recovery from COVID-19 amid supply problems, rising prices and a spending squeeze, the Bank of England has warned.The central bank’s financial policy committee (FPC) cautioned over a so-called correction, which is defined as a drop of at least 10% in the price …

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