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How the grand Britishvolt scheme turned sour – and what happens next
It is oddly fitting – with the benefit of hindsight – that it was Kwasi Kwarteng who turned up to a site in Northumberland last year to give the green light to a project that promised to bring thousands of jobs to the county and put it at the forefront of the net zero revolution. …
Business
Evening Standard
Nadhim Zahawi admits paying settlement to HMRC after ‘careless’ tax error
Nadhim Zahawi has admitted he paid a settlement to HM Revenue & Customs after a “careless and not deliberate” tax error related to his father’s shareholding in YouGov.The embattled Tory party chairman has been under pressure since it was reported that he paid HMRC a seven-figure sum to end a dispute, with Labour calling for …
Business
Evening Standard
Labour would extend windfall tax to prevent rising bills in April – Reeves
Labour would toughen up the windfall tax on oil and gas companies and stop the energy price cap from rising this spring to help millions through the cost-of-living crisis, Rachel Reeves has vowed.In a keynote speech at the Fabian Society Conference, the shadow chancellor set out her party’s climate transition plans, promising they would be …
Business
Sky News
Rightmove chief in frame to run Marie Claire publisher Future
The outgoing chief executive of Rightmove is among a pack of contenders to become the next boss of Future, the Marie Claire and Wallpaper publisher.Sky News has learnt that Peter Brooks-Johnson, who will leave the property portal in March, has been shortlisted to succeed Zillah Byng-Thorne, the media group’s veteran chief. Mr Brooks-Johnson is one …
Business
Evening Standard
Nadhim Zahawi’s position ‘untenable’ after tax penalty reports, says Labour
Tory party chairman Nadhim Zahawi’s position is “untenable”, Labour has said after reports that he paid a penalty as part of a multimillion-pound tax settlement.The former chancellor, who attends Rishi Sunak’s Cabinet, has been under pressure since it was reported that he paid HM Revenue & Customs a seven-figure sum to end a dispute.Deputy Prime …
Business
Sky News
Elon Musk appears in court to defend Tesla buyout tweets
Elon Musk has appeared in court to refute allegations that Tesla shareholders were defrauded out of billions of dollars by his tweets.The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to soar and then fall. Less than …
Business
Sky News
Call for social energy tariff to help most vulnerable before ‘bad situation gets a whole lot worse’
Nearly 100 charities and organisations are calling for a social energy tariff to help low-income and vulnerable people heat their homes amid the ongoing cost of living crisis.In an open letter to Chancellor Jeremy Hunt, groups including Age UK, Scope and National Energy Action (NEA) have warned that the withdrawal of universal energy support from …
Business
Evening Standard
Tougher windfall tax would protect families from rising bills in April – Labour
Labour would toughen up the windfall tax on energy companies, with the party set to urge the Government to stop the energy price cap rising this spring.In a speech at the Fabian Society Conference on Saturday, shadow chancellor Rachel Reeves will warn that millions are under threat from rising bills come April, when Government support …
Press Release
Pressat
Civil Air Support Photographic Missions Reveal Extent of Flooding
As the Environment Agency together with Somerset County Council declares a ‘major incident’ on the vulnerable Somerset Levels, Local Resilience Forums (LRFs) up and down the country continue to maintain a cautious watch in anticipation of further flood warnings. Current concerns are centred around the Southwest and along the South coast, where higher-than-average rainfall has …
Business
Business Live
SSE gives update on Keadby Two Power Station delay
SSE has given an update on when its latest power station should be operational. Keadby Two, a £350 million combined cycle gas turbine plant in North Lincolnshire, will recommence commissioning this week, with the performance validation period anticipated to complete on February 11. The update was given in the company’s third quarter trading statement, having …
Business
Business Live
Second sale process fails for Icelandic Seafood UK – bosses to evaluate options
Exclusive talks to sell a Grimsby seafood firm have failed to reach a deal for a second time. Iceland Seafood International had signed a letter of intent with an unnamed “respected industry player,” weeks after December’s first sale process began for its UK division. It will now “evaluate options,” with almost 200 jobs thought to …
Business
Evening Standard
Retail stocks help FTSE climb despite downbeat sector data
The UK’s retail stocks helped provide the FTSE with a slight rebound on Friday, despite a disappointing set of industry-wide economic data.The Office for National Statistics (ONS) revealed that retail sales volumes fell by 1% in December, representing a second consecutive monthly decline.Nevertheless, investors took an opportunity to buy into the likes of Asos, JD …

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