Energy prices in the UK are likely to be affected by the ongoing market turmoil. The interconnected nature of global energy markets means that fluctuations in oil and gas prices, as well as geopolitical tensions, can have a direct impact on UK energy costs.
A new wave of hydrogen powered projects have been shortlisted today to help cut emissions and create thousands of jobs in the UK's industrial heartlands. 27 hydrogen projects advance to next stage of government's flagship hydrogen programme.
Pension Funds and Investments: Many UK consumers have pensions or investments tied to the stock market. A significant drop in stock prices can reduce the value of these assets, potentially impacting retirement savings and long-term financial plans.
The First of a Kind competition boosts innovation on the railways, improving passenger experience through cutting-edge technology. £5 million government funding drives pioneering technology to improve passenger experience, encouraging more people to choose rail and supporting economic growth as part of the Plan for Change.
CMA now able to act more swiftly and directly to protect UK consumers and foster a level playing field for businesses to invest and grow. New regime will help the CMA tackle poor corporate practices, protecting consumers and boosting trust and confidence to support economic growth.
The UK has experienced several recessions throughout its history. Here are some notable ones: 1973-1975: Triggered by the oil crisis and stagflation.
The Prime Minister spoke to the Prime Minister of Canada Mark Carney on Sunday evening. They discussed their commitment to working together to maintain global economic stability in the wake of the announcement from the United States this week.
Every quango across government will be reviewed, with a view to close, merge or bring functions back into departments if its continued existence cannot be justified. The Chancellor of the Duchy of Lancaster has written to departments to justify every quango otherwise they'll be closed, merged, or have powers brought back into the department.
The Zero Emission Vehicle Mandate will be changed to make it easier for industry to upgrade to make electric vehicles. 2030 phase out date of new petrol and diesel car sales confirmed with hybrids to be sold until 2035 and small manufacturers exempt.
New plans to help UK tourism businesses offer better deals and value-for-money packages. Plan for Change to cut outdated regulations will allow hotels, attractions, and restaurants to collaborate more easily Families planning their summer holidays will have more choice, better prices, and greater convenience.
A new call for evidence [launched today 7 April 2025] will enable business, trade unions and civil society to shape action helping everyone, no matter their background, to thrive under the government's Plan for Change. Responses will support consideration of a range of areas, including steps to make the right to equal pay effective for women, people from ethnic minority groups, and disabled people.
Prime Minister Keir Starmer is expected to make an announcement today, Monday, 7 April 2025. He plans to outline measures to support British businesses and industries in response to the tariffs imposed by U.S.
Scotland's known public sector procurement spend in 2022-23 delivered an estimated 120,000 full-time equivalent jobs and £7.5 billion to Scottish GDP. The sixth annual report on procurement activity in Scotland shows that known procurement spend generated an estimated £13.7 billion in economic activity.
Red tape will be cut for asset managers, as the Chancellor goes further and faster to drive growth through the Plan for Change. Consultation launched to simplify regulation for Alternative Investment Fund Managers.
As President Trump finally unveils his global tariff plan — setting a baseline 10% tariff on all imported goods. With additional hikes apparently based on individual countries' trade balances with the United States — economists like our guest Richard Wolff warn it will have grave economic effects on American consumers and lead to a recession.
China and Canada's Shocking Oil Pact - Leaving U S in the Dust as EVs and Energy Wars Heat Up! Canada’s energy sector is at a crossroads as the $34 billion Trans Mountain Pipeline expansion (TMX), completed in May 2024. This opens a Pacific gateway to Asia, breaking decades of U.S.
Millions of pensioners will receive as much as £470 more a year added to their State Pension from today. The government's' ironclad commitment to the pensions Triple Lock throughout this parliament is keeping up pension levels but many get less due to the changes in 2016 - see explanations a he bottom of this page.
Tariffs - Breadlines - Trade wars. Nearly a century ago, protectionism shook the world.
Adam Corlett and Lalitha Try from the Resolution Foundation look at what the new tax year brings. April brings with it a series of tax, benefit and bill rises.
Neoliberalism has failed, but the Labour government is wedded to it. No wonder they're so frightened.
