The UK’s Chancellor of the Exchequer Nadhim Zahawi is visiting the United States this week to seek joint solutions to the cost-of-living crisis with U.S. government officials and financial executives. During his trip to New York and Washington, Zahawi will push for cooperation on energy security, financial services, and tackling spiralling prices and slower growth,…
UK Chancellor Zahawi Visits US to Seek Joint Solution to Cost-of-Living Crisis
August 30, 2022
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Boris JohnsonBusiness & Marketscost of livingeconomyenergyenergy pricesinflationliz trussNadhim Zahawi.Rishi SunakUKUSUS NewsWorld
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Grant Shapps Says He Did His Own Research to Help Block Lockdown
British Transport Secretary Grant Shapps has claimed that doing his own research into COVID-19 and presented his results using homemade spreadsheets at crucial Cabinet meetings, helping to avert a lockdown in Christmas 2021. In an interview with The Telegraph, Shapps said that he made his own spreadsheets based on international data and sometimes presented his…
Electric Vehicle Owners to Be Hit Hard by Soaring Energy Prices: Report
Electric vehicle (EV) owners will be badly hit by a steep rise in energy prices, UK motoring group RAC has warned. Ofgem, the UK’s energy regulator, announced on Aug. 26 that the energy price cap for around 24 million households in England, Scotland, and Wales will rise by 80.06 percent on Oct. 1, sending the…
Energy Prices for British Households Will Rise by 80 Percent by October: Regulator
August 27, 2022
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Boris JohnsonBusiness & Marketseconomyenergyenergy pricesEuropeinflationliz trussNadhim Zahawi.OfgemRishi SunakRussia-Ukraine WarUKWorld
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British households will face an 80 percent rise in energy prices by October, the UK energy regulator Ofgem has warned. Ofgem announced on Aug. 26 that the energy price cap for around 24 million households in England, Scotland, and Wales will rise by 80.06 percent on Oct. 1, sending the average household’s yearly bill from…
UK’s COVID-19 Response Was ‘Too Draconian’: PM Hopeful Truss
Foreign Secretary Liz Truss has said the UK’s response to the COVID-19 pandemic was “too draconian” and that she would “never impose a lockdown” if she becomes prime minister. Truss, the frontrunner in the race to replace Boris Johnson as Conservative Party leader and prime minister, said she questioned the lockdown measures though she was…
British Gas Pledges to Donate 10 Percent of Profit to Struggling Customers
August 25, 2022
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Boris JohnsonBritish GasBusiness & MarketsCompanieseconomyenergyenergy pricesgas pricesinflationliz trussNadhim Zahawi.Rishi SunakUKWorld
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British Gas has pledged to donate 10 percent of its profits to help people struggling with rising energy bills. The firm said it will contribute the money to the British Gas Energy Support Fund for the duration of the energy crisis, backdated to the start of 2022, to “help the most financially vulnerable customers.” British…
Boris Johnson Makes Surprise Visit to Kyiv on Ukraine’s Independence Day
Ukraine “can and will win this war” with Russia, Boris Johnson said on a surprise visit to Kyiv on the country’s Independence Day, less than two weeks before he is set to step down as UK prime minister. Aug. 24 is the 31st anniversary of Ukraine’s independence from the Soviet Union, and also marks six…
UK, Ukraine Launch Talks on Digital Trade Deal to Help Rebuild War-Torn Economy
August 24, 2022
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Anne-Marie TrevelyanBoris JohnsonEuropeliz trussRussia-Ukraine WarUKUkraineVadym PrystaikoVladimir PutinWorld
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The UK and Ukraine have kicked off talks on a new digital trade agreement, which is intended to help Ukraine rebuild its economy following the Russian invasion. The digital trade agreement will aim to support Ukrainian businesses by cutting red tape and helping them to trade with the UK more efficiently through technology such as…
UK Barristers Step up Industrial Action With Plan for All-Out Strike Next Month
Criminal barristers in England and Wales have voted to escalate their pay dispute with the government and walk out in an all-out strike next month. The Criminal Bar Association (CBA) started industrial action in June and have been on strike on alternate weeks since the beginning of August but they will commence an indefinite strike…
UK Universities Cut Off From £80 Billion EU Science Fund: Expert
British universities and businesses will lose out unless the government can fix a row with the European Union over the £80 billion Horizon Europe academic funding programme, according to Stepan Stepanenko, a research fellow at the Henry Jackson Society. He said the government had “shot themselves in the foot” by rejecting the Northern Ireland Protocol, antagonising…
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