Ofgem is investigating the compliance of Moray Offshore Windfarm (East) Ltd (the owner and operator of Moray East Offshore Windfarm) with the requirements of condition 20A of the Electricity Generation Standard Licence Conditions (known as the Transmission Constraint Licence Condition, or "TCLC"). A transmission constraint is defined in the TCLC as any limit on the ability of the national electricity transmission system, or any part of it, to transmit the power supplied onto the system to the location where the demand for that power is situated.
CPI inflation dipped in March - falling by 0.2 percentage points to reach 2.6 per cent – but huge global forces will shape changes in the cost of living in the coming months, the Resolution Foundation said on Wednesday. This drop is welcome, exceeding the expectations of both the market and the Bank of England (of 2.7 per cent).
Decade-long ban for director who abused Bounce Back Loan Scheme. Shkelzen Gashi overstated his Smart Tyres Services Ltd company's turnover by almost double to secure a £50,000 Bounce Back Loan, the most businesses were allowed under the scheme.
When Donald Trump launched a trade war on April 2, he produced enormous volatility in stock markets around the world, but since then upheaval in the bond market has forced him to row back on some of his tariffs. Investors traditionally consider US Treasury bonds to be a safe asset with a guaranteed return and therefore preferable to stocks when the latter are falling in price.
Millions of UK households are facing what's been dubbed "awful April" after rising council tax, water bills and broadband costs coincided with the new tax year. It could all start to hurt quite quickly.
Scared people do not spend. This is a fact of economic life.
Trump has failed, but the world needs to carry on presuming that Trump is the biggest threat it has faced in generations, because a man who's failed in the way he has might turn to violence, and violence will not resolve anything. .
One of those choices is how to react to the tariffs, given that they seem to be aimed at inconsistent goals. Jill Rutter at The Institute for Government argues the UK may have to pay quite a high price for any deal - and not get that much out of it.
Thousands more are eligible to open a Help to Save account. Government's Help to Save scheme now open to 550,000 more people to help with cost of living.
The latest figures on the UK labour market reveal that the employment rate is estimated to have been falling for the two years to March 2025, while pay packets are starting to flatline in real terms. In the last glimpse of the UK labour market before changes to the Minimum Wage and Employer National Insurance contributions (NICs) came into effect in April, according to the Resolution Foundation.
British soldiers have successfully tracked, targeted and defeated swarms of drones in the latest trial of a new directed energy weapon developed in the UK. UK-made, invisible radio wave weapon knocks out drone swarms for the first time.
British businesses and organisations better supported to trade carbon credits as part of new work to establish the UK as the global hub for green finance. Britain is back in the business of climate leadership, leading a new growth market and cementing UK as the green finance capital of the world.
In a new worst-case estimate, Goldman Sachs says reduced travel and boycotts could cost the U.S. almost $90 billion in lost GDP this year alone.
The ECB on Thursday cut interest rates by 25 basis points, as was widely expected ahead of the decision. This is the third cut by the European Central Bank this year and covers 20 countries.
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.4% in the 12 months to March 2025, down from 3.7% in the 12 months to February. On a monthly basis, CPIH rose by 0.3% in March 2025, compared with a rise of 0.6% in March 2024.
How average house prices and rents are changing in Highland. The average house price in Highland was £210,000 in February 2025 (provisional), up 2.7% from February 2024.
Energy watchdog Ofgem is slashing red tape to allow new wind and solar farms to connect to the electricity grid faster. Projects that can be up and running by 2030 will be fast-tracked helping the Government hit its clean power targets.
In recent months, the "Buy Canadian" movement has gained significant momentum, driven by a collective push to support domestic products and services, strengthen local businesses and reduce reliance on foreign imports. Escalating trade tensions and tariff disputes with the United States and threats from U.S.
Amazon has launched its new ‘Buy for me' button in the US. It enables shoppers to buy products from other sites if they are not available on Amazon, still using the Amazon app checkout experience.
The Government has accepted the TRA's recommendation to impose provisional duties on imports of engine oils and hydraulic fluids from Lithuania and the UAE. The Secretary of State for Business and Trade has today (16/04/2025) accepted the Trade Remedies Authority (TRA)'s recommendation to impose provisional anti-dumping duties on imports of engine oils and hydraulic fluids from Lithuania and the United Arab Emirates (UAE), following evidence of dumping that has caused injury to UK industry. These measures will be in effect for a period of up to six months.
