Tag: Business news in the uk

Pound gains as Rishi Sunak likely next PM
Boris Johnson

Pound gains as Rishi Sunak likely next PM

Pound gains as Rishi Sunak likely next PM The pound has gained against the US dollar after former prime minister Boris Johnson quit the Tory

Chancellor Hunt drops most of the mini-Budget 
Business News

Chancellor Hunt drops most of the mini-Budget 

The new chancellor Jeremy Hunt has given an emergency statement on the mini-budget in an effort to reassure the financial markets amid calls for the prime minister to resign. 

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.

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.

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