Forget ironing, turn off the oven and take a shower at work – Europeans are trying to cut down on energy use, but their electricity bills are getting higher and higher. As wholesale gas and electricity prices have soared, millions of people in Europe now spend a very large proportion of their income on energy. […]
Tag: Britain
Liz Truss: Citizens will have the support they need to get through difficult times
British Prime Minister candidate Liz Truss will make sure people get the support they need to get through tough times, a spokesman for her campaign staff said today, following the announcement by UK regulator Ofgem. for an 80% increase in the ceiling on energy prices in the country from October. “Today’s announcement will cause serious […]
Britain: Thousands of British postal workers strike over pay differences
More than 115,000 British postal workers are starting four days of strike action today over pay disputes, with the Post Office management saying the action is likely to cause significant disruption to customers. The Royal Mail strike is part of a series of protests facing Britain as workers demand higher wages in the face of […]
Britain: Energy price cap to rise by 80% from October, Ofgem announced
The energy price cap will rise by 80% from October in Britain, Britain’s energy regulator Ofgem said today, predicting that prices could worsen “significantly” next year due to the trend of natural gas prices. Based on the current trend, Ofgem warned that “prices may deteriorate significantly throughout 2023”. She called on the UK government to […]
UK energy bills to rise 80% in October – The challenges and plans
Britain’s energy regulator said on Friday it would raise the cap on energy bills to £3,549 on average from £1,971 a year, as campaigners, think tanks and politicians call on the government to tackle a cost-of-living crisis. The price cap limits how much energy suppliers can charge domestic customers for their combined electricity and gas […]
Tras is wary of Macron: ‘Is he your friend or your enemy?’
Is Emmanuel Macron “friend or foe”? The big favorite to succeed Boris Johnson as Britain’s prime minister, Liz Truss, avoided giving a clear answer, saying she would judge the French president “by his actions”. Truss, who spoke on Thursday night at a Conservative Party event in Norwich, England, however made it clear that she preferred […]
Britain: Industrial production fell in the quarter
Industrial production in Britain fell in the latest quarter for the first time since February 2021, reinforcing signs of a slowdown in manufacturing, according to survey data from the Chamber of Commerce and Industry (CBI). The CBI noted that the balance for output volumes over the past three months (which captures the difference between firms […]
Britain: Private sector growth slowed in August
Britain’s private sector growth slowed in August as factory output fell and the largest services sector recorded only modest growth, adding to signs that a recession may be on the way. The S&P Global composite PMI fell to 50.9 in August from 52.1 in July, the lowest level since February 2021. Economists had expected the […]
Moscow accuses London of hypocrisy for questioning Russian participation in the G20
The Russian embassy in London yesterday accused Britain of hypocrisy for a statement by the British Foreign Office last week, which questioned Russia’s “moral right” to participate in the group of G20 member states. Britain has announced that Russia has no moral right to participate in the G20, while it continues to exert pressure with […]
Britain: 109 times the salary of the directors of listed companies than the average worker
The pay of directors of companies on the London Stock Exchange’s FTSE-100 index, the top listed companies by market capitalization, rose by 39% last year to an average of £3.4m a year, according to a study which was released today. In 2020 the highest salary was received by the general manager of the pharmaceutical company […]