Bank of England intervention prevented destructive ‘spiral’ after mini-Budget

Tag: Business News

UK price cap on household energy bills expected to cost £89bn
Business News

UK price cap on household energy bills expected to cost £89bn

The Guardian says Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector’s leading consultancy.

Elon Musk makes U-turn on Twitter deal
Business News

Elon Musk makes U-turn on Twitter deal

Elon Musk has made a surprising u-turn on whether he will buy Twitter. The billionaire had initially dropped out of the deal to buy the social media site, but it seems he’s not willing to proceed with the takeover.

What is the mini-budget?
Business News

What is the mini-budget?

Chancellor Kwasi Kwarteng will release a mini-budget on Friday along with National Insurance and corporation tax cuts.

Liz Truss set to announce £130bn energy bill bailout
Business

Liz Truss set to announce £130bn energy bill bailout

The Guardian says Liz Truss will finally present her long-awaited plans to tackle soaring energy bills on Thursday, with some Tory MPs conceding this is already a make-or-break moment for her entire premiership.

Liz Truss set to unveil plans to cut energy bills for millions
Business News

Liz Truss set to unveil plans to cut energy bills

PM Liz Truss will unveil her plans to help the public amid soaring energy prices. The government plans are expected to limit energy bill rises, spending billions to protect people from rising prices.

UK faces biggest rail strike in 30 years
Business News

UK faces biggest rail strike in 30 years

The Guardian says the biggest rail strikes in three decades are due to start on Monday night, with trains cancelled across Great Britain for much of the week.