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Government steps up talks to secure gas supplies ahead of winter demand surge
Ministers are in talks with major US-based producers of liquefied natural gas (LNG) in a bid to bolster Britain’s energy security.Sky News has learnt that the government is discussing substantial purchase agreements with companies including Cheniere and Venture Global. Sources said the talks were at a detailed stage although it was possible that they would …
Business
Business Live
Port of Blyth takes decarbonisation to the next level following £12m funding deals
Port of Blyth is stepping up its journey to net zero on the back of a trio of funding deals totalling £12m. The Northumberland offshore energy port is installing a host of clean energy measures with the Lloyds Bank funding, starting with the addition of a new electric crane to its fleet, to increase its …
Business
Business Live
Profile on Jeremy Hunt: The new UK Chancellor of the Exchequer
Jeremy Hunt is no stranger to Government roles, having spent his 17-year career in politics in a variety of Cabinet jobs. The MP for South West Surrey was elected to his safe Conservative seat in 2005 after Virginia Bottomley, the now Baroness Bottomley of Nettlestone, stepped down. His first Cabinet role, as culture secretary, was …
Business
Business Live
Northern Ireland supplier Power NI cuts electricity bills by 10% under price guarantee scheme
Some of Northern Ireland’s electricity customers will pay some of the lowest bills of all UK and Ireland regions after the largest electricity supplier announced a cut to its electricity prices from next month. Power NI said it will reduce bills for its customers by 10% from 1 st November – an annual cut of …
Press Release
Pressat
HerGameToo is supporting #TheGoal for White Ribbon Day
White Ribbon UK is proud to announce that HerGameToo are supporting #TheGoal campaign for White Ribbon Day, 25th November. This year, White Ribbon Day falls on the same week as the launch of the FIFA men’s World Cup. There is never a better time for us to focus on the good that can come from …
Business
Sky News
Bank of England ceases bond-buying after spending £19.3bn
The Bank of England has purchased £19.3bn of UK government bonds and concluded part of its extraordinary intervention to prevent a collapse in the pensions industry.Just five days after the former chancellor unveiled his mini-budget on 23 September, the Bank took unprecedented action to purchase long-dated UK government bonds, known as gilts, that are effectively …
Business
Sky News
Sunak-backer Jeremy Hunt appointed as new chancellor
Jeremy Hunt has been appointed chancellor after the prime minister sacked Kwasi Kwarteng.Mr Hunt returns to the frontbenches after three years, having served as foreign secretary under Theresa May and, before that, health secretary and culture secretary under David Cameron. His appointment, just an hour after his predecessor was sacked, is a sign that Liz …
Business
Sky News
Who is in the running to be the new chancellor?
Kwasi Kwarteng has been sacked as chancellor after 38 days in the role.He arrived back in London for crisis talks with Liz Truss this morning as speculation of a major U-turn on their mini-budget mounted. But after it emerged the prime minister will address the nation later without her chancellor by her side, there was …
Business
Sky News
Markets react positively to expected government U-turn on mini-budget
The financial markets have responded positively to the government’s expected U-turn on parts of its massive mini-budget programme of unfunded tax cuts and energy price cap spending.Markets have already priced in the government’s policy U-turn as the interest rate payments on long-dated government bonds, effectively state IOUs, sunk on Friday while the pound rose against …
Business
Sky News
Markets react negatively to Truss speech
The financial markets have responded negatively to Truss speech despite a positive response to the government’s U-turn on parts of its massive mini-budget programme of unfunded tax cuts and energy price cap spending.Despite initial positive moves in the market on Friday the response to Liz Truss’s U-turn speech on Friday afternoon has been negative.UK government …
Business
Sky News
Markets react negatively to Truss speech spelling out corporation tax U-turn
The financial markets have responded negatively following Liz Truss’s announcement of a U-turn on corporation tax in a bid to reassure investors.As was widely predicted, the prime minister said she was abandoning the government’s commitment to drop the planned tax increase from 19% to 25% – even though it was a central plank of her …
Business
Business Live
Former Gloucestershire Co-op site bought for retirement scheme
A developer has purchased a former commercial site in Bourton-on-the-Water, Gloucestershire, where it plans to create a new retirement and housing scheme. Housebuilder Lifestory has acquired the 3.39 acre brownfield site on Station Road, near the high street in the Cotswold village, from Midcounties Co-op for an undisclosed sum. Existing buildings on the land include …

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