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What will Truss do to ease cost of living crisis for households and businesses?
Tackling the cost of living crisis, Liz Truss herself has said, is her number one priority once she gets the keys to Number 10.Her victory over Rishi Sunak in the Tory leadership race followed a tense five-week debate, dominated by how each would approach getting bills down for households and businesses. After criticism that the …
Business
Business Live
ADVERTORIAL: Kagool takes the tech world by storm as it expands across the globe
Think of “Kagool” and you might imagine a bracing countryside stroll wrapped up in a trusty, weather-defying coat. But, here in the West Midlands, it’s a name that’s also synonymous with a home-grown company that has taken centre stage as a global big-hitter. Coventry-based global data and analytics specialist, Kagool, has seen a meteoric rise …
Business
Sky News
Wholesale gas prices surge after Russia decides to keep Nord Stream pipeline off
Russia’s decision not to resume gas flows through the main Nord Stream 1 pipeline to Germany has prompted a new surge in wholesale costs, intensifying concerns for supplies across Europe for the coming winter.State-owned Gazprom scrapped plans to restart pumping limited volumes on Saturday after a maintenance shutdown, blaming a turbine leak. The decision – …
Business
Evening Standard
£2 cap on bus fares introduced
A £2 cap on bus fares comes into force in parts of northern England from Sunday.The price limit is initially being launched in Greater Manchester and West Yorkshire, with Liverpool City Region implementing the policy from September 18.The Department for Transport announced on Saturday that a £2 journey cap will be in place across England …
Business
Sky News
Truss promises to set out plan for energy crisis within one week – but refuses to go into detail
Liz Truss has promised to unveil a plan to deal with the energy crisis within a week if she becomes prime minister – though she refused to go into any detail on what this might look like.There have been ever-louder calls in recent weeks for the government to intervene to support the most vulnerable, with …
Business
Sky News
Truss will go ‘bigger than expected’ on energy crisis as PM
Liz Truss will go “bigger than expected” on energy after becoming the new prime minister on Tuesday, Sky News understands. The foreign secretary has won the Conservative leadership contest over rival Rishi Sunak and will succeed Boris Johnson tomorrow. Having made tax cuts a key priority during her leadership campaign, she has remained tight-lipped about …
Business
Evening Standard
‘Significant improvements’ needed to meet offshore renewable targets – report
Meeting offshore renewable energy targets by 2030 are “potentially achievable” if the rate of wind turbine installation is doubled or tripled, industry experts have warned.The UK Government has set a four-fold increase target, however, “significant improvements” will be needed for this to be possible, according to a new study from Offshore Energies UK (OEUK).Research found …
Business
Business Live
Meet the banker with plans to extract lithium from underground Weardale
Global demand for the chemical element lithium is rising thanks to its critical role in the electric vehicle build process, and former investment banker Stewart Dickson is leading a bid to exploit North East supplies. As an experienced consultant and investor in natural resources projects around the world including gold and gas businesses in Russia, …
Business
Sky News
Thames Water weighs further cash call weeks after tapping investors for £1.5bn
Britain’s biggest water utility is working on plans to raise additional funding just weeks after unveiling plans to tap shareholders for £1.5bn in new equity.Sky News has learnt that Thames Water has begun debating whether it needs to seek new capital to deliver the transformation plan it has set out under Sarah Bentley, its relatively …
Business
Evening Standard
Energy crisis may force manufacturers to cut production or even close – study
The energy crisis is forcing manufacturers to consider cutting production or closing down altogether, according to new research.Make UK said its study showed firms were warning that their energy costs have already “spiralled out of control”.Around half of the 200 companies surveyed said their electricity bills have shot up by more than 100% in the …
Business
Evening Standard
Athens beats eastern European favourites in budget city break rankings
Athens has beaten traditional budget-friendly eastern European destinations to be ranked the cheapest location for a city break on the Continent.Analysis of a dozen typical tourist costs for UK visitors in 20 popular cities by Post Office Travel Money found prices in the Greek capital have fallen by 15% since last year.The total bill for …
Business
Sky News
Bus fares in England to be capped at £2 between January and March
Bus journeys in England will be capped at £2 between January and March next year to help people deal with the rising cost of living.The Department for Transport said the plan could see some passengers save more than £3 per single bus ticket. The average fare for a three-mile journey is around £2.80, the DfT …

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