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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 …
Business
Business Live
Welsh Government plans would take 135 years to insulate every fuel poor household in Wales” says Lib Dems
The Welsh Liberal Democrats have said they would set aside £1.75bn to insulate homes in Wales. The party has taken aim at the Welsh Government’s energy efficiency improvement scheme arguing it would take 135 years to insulate every fuel poor household in Wales. Welsh Liberal Democrat leader Jane Dodds MS said: “Unlike Labour, the Welsh …
Business
Evening Standard
Avanti managing director steps down
The managing director of one of the rail companies embroiled in the long-running dispute over pay,  jobs and conditions has stepped down, it was announced on Friday.Phil Whittingham, managing director of Avanti West Coast, will leave his role from September 15 to “pursue other executive leadership opportunities”.He transferred to Avanti West Coast, as managing director, …
Business
Evening Standard
FTSE bounces back after bruising week, but builders suffer
After a few bruising days, global markets returned to positive territory, clawing back at least some of the losses made during the last week.A 133-point rebound saw the FTSE 100 return to where it had been on Wednesday, after a big drop on Thursday.It ended at 7,281, up 1.9%, after a strong set of jobs …

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