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Winter blackouts: How worried should I be about the lights going out?
The latest information on the risks facing gas and electricity supplies suggests there is an increased risk of blackouts this winter – but they can be prevented.National Grid’s Electricity System Operator’s (ESO) updated report on the pressures facing power generators revealed contingency plans for three-hour blackouts in areas where gas-fuelled power falls short of demand. …
Press Release
Pressat
£30M Milestone reached by Xander Wealth Commercial Finance
Xander Wealth Commercial Finance is elated to announce in the 3rd quarter of 2022, they have successfully completed a record breaking £16.7 Million of loans brokered for real estate and construction projects around the UK. This is a phenomenal achievement and huge milestone, taking Xander Wealth Commercial Finance’s total loans completed to over £32 Million …
Business
Sky News
Pound falls again as agency downgrades outlook for UK’s credit rating to ‘negative’
A measure of confidence in the UK’s creditworthiness has been slashed by another major ratings agency in the wake of the mini-budget, piling further pressure on the under-fire pound.Fitch revealed on Wednesday night that it had cut the outlook for its credit rating on UK government debt to “negative” from “stable”. It maintained its overall …
Business
Sky News
Plan for three-hour power blackouts to prioritise heating in event of gas shortages
The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise heating.National Grid’s Electricity System Operator (ESO) warned that planned three-hour power blackouts could be imposed in some areas, in the “unlikely” event supplies of gas fall short of demand. It revealed …
Business
Sky News
Amid energy security and price crisis, key winter outlook report takes on particular significance
The National Grid’s electricity system operator and gas system operator will release one of their regular winter outlook reports later.They are designed to set out supply and demand scenarios as the weather gets colder and energy consumption tends to peak. Amid an energy security and price crisis, this year’s outlook report has taken on particular …
Press Release
Pressat
Hospice Trekkers Return from ‘Home of the Giants’
A group of fourteen triumphant trekkers from Greater Manchester completed an arduous five day trek through the mountains and fjords of Norway to raise money for Francis House Children’s Hospice. Revd David Ireland, a minister in Oldham and chief executive officer of Francis House, his wife Judith and Doctor Andrew Taylor of the Oldham Mountain …
Press Release
Pressat
Moorland managers say “it’s not if, but when” for catastrophic wildfires following reduction in controlled burning in English uplands
For an accompanying video, visit youtube.com/watch?v=Dtc-3chFUc8 As the heather burning season begins in the English uplands, habitat managers are increasingly worried about the massive rise in combustible vegetation or ‘fuel load’ caused by a change in management practice making uncontrollable wildfires more likely. From 1 October to 15 April, carefully controlled burning of the surface …
Business
Sky News
Oil prices to rise as two million fewer barrels to be produced each day
Two million fewer barrels of oil are to be produced each day, equivalent to 2% of global supply, the Organisation of the Petroleum Exporting Countries (Opec) and Russia have agreed. The move is an effort to increase prices in countries feeling the heat from high energy costs. Group members Saudi Arabia and Russia have led …
Business
Sky News
Average mortgage rate rises above 6% – highest since 2008
The average mortgage interest rate has risen to above 6% meaning households are paying the greatest portion of their income on mortgage payments since 1989.Mortgage holders are now paying average interest rates of 6.07%, according to data from Moneyfacts, the financial information company. Interest rate repayments on two-year fixed mortgages have surged from 2.25% a …
Business
Sky News
Kwarteng to meet high street bank chiefs amid mortgage market freeze
Executives from Britain’s biggest high street banks have been summoned for talks with Kwasi Kwarteng amid concerns about the impact of recent financial turmoil on the mortgage market.Sky News has learnt that the Treasury has convened a meeting on Thursday at which the chancellor is expected to quiz lenders on their plans. City sources said …
Business
Business Live
Leaders behind nuclear fusion plant bid on England-Wales border say it’s ‘not end of road’
Leaders hoping their bid to build the world’s first nuclear fusion plant on the border between England and Wales have said it is “not the end of the road” for the site after the government selected Nottinghamshire for the plant instead. Earlier this week, the Department for Business Energy and Industrial Strategy (BEIS) picked a …
Business
Business Live
Appeal against decision to reject £200m ‘Ryder Cup’ golf course to tee off
Bolton’s Holiday Inn will host an appeal into the local council’s rejection of a £200m plan to build a golf course fit to host a future edition of the Ryder Cup. Landowner Peel L&P will make its case to the Planning Inspectorate on Thursday, October 6, and Friday, October 7, after Bolton Council refused the …

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