Author: News Desk

Rough gas storage facility in North Sea operational again as energy suppliers try to meet demand The UK’s biggest gas storage site has been brought back online in time for what could be one of the tightest winters for years for energy suppliers trying to meet demand. Centrica said it had brought the Rough gas storage facility in the North Sea back to 20% of its previous capacity. Even at only one-fifth capacity, it will be the UK’s largest single gas storage site and will add about 50% to the amount of gas that the UK can store at a…

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Thérèse Coffey blames parties for failure to form executive, but DUP says Westminster protocol delay at fault • UK politics live – latest news updates A Northern Ireland assembly election will “definitely happen” after a deadline to restore devolved government at Stormont was missed, a cabinet minister has said. The environment secretary, Thérèse Coffey said “clearly” there was not “sufficient agreement” between Stormont parties to avoid a fresh election. Continue reading… ​Thérèse Coffey blames parties for failure to form executive, but DUP says Westminster protocol delay at fault• UK politics live – latest news updatesA Northern Ireland assembly election will…

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Bank says there has been some slowdown in customers trying to get new mortgages in recent weeks Pre-tax profits at NatWest Group remained flat between July and September at £1.1bn, amid a worsening economic outlook and a cost of living squeeze on its customers, as the bank predicted UK house prices would fall by 7% next year. Its profits, boosted by higher interest rates increasing its margin between what it charged for loans and paid out to savers, were slightly higher than the £1bn made in the same period a year earlier but lower than analysts’ forecasts. Continue reading… ​Bank…

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Environment secretary defends Rishi Sunak’s decision not to go to conference in Sharm el-Sheikh • UK politics live – latest news updates King Charles is free to decide whether or not he should attend the Cop27 climate summit, the new environment secretary, Thérèse Coffey, has said as she defended the decision of the prime minister, Rishi Sunak, not to go. Sunak, the third British prime minister in seven weeks, has come under scrutiny from opposition ministers and environmental groups who called the decision not to attend Cop27 a “failure” and brings government commitments to prioritise net zero and tackling the…

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Today’s news summary – Paper Talk Friday’s front pages feature a variety of stories – including the latest from UK politics, royal news and the upcoming world cup.  Tax increases and spending cuts The FT leads with the government’s consideration of £50bn worth of tax increases and spending cuts “to fill a gaping hole in the public finances.” The paper says ministers hope the measures won’t have to be implemented in full. Sources describe the economic outlook as “bleak” after they were given “weak” forecasts by the Office of Budget Responsibility. The Daily Telegraph says an expansion of the windfall…

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