The UK government is “open to the idea of fracking” as long as it is done in a safe and sustainable way, a minister said on Wednesday as the government seeks alternative energy sources to substitute Russian hydrocarbons. The government imposed a moratorium on shale gas mining in England in 2019 after two minor earthquakes…
UK Government ‘Open’ to Lifting Fracking Ban to Cut Reliance on Russian Energy
March 9, 2022
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Boris JohnsonBusiness & EconomyeconomyEuropefrackingFracking banKwasi KwartengRussia-Ukraine WarRussian oilshale gasUKUkraineWorld
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Focus on PM’s ‘Partygate’ Scandal ‘Not Helping Anyone’: UK Minister
The ongoing focus on the alleged lockdown breaches in Downing Street is “not helping anyone” at a time when the UK government is faced with serious issues both at home and abroad, a British minister has said. Prime Minister Boris Johnson is facing calls to resign, from both opposition parties and his own MPs, following…
New UK Law Boosts Scrutiny Over Hostile Foreign Takeovers
January 4, 2022
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ChinaChina Business & EconomyChinese Regimeforeign investmentforeign takeoversInfiltrating the WestInternational RelationsKwasi KwartengNational SecuritySpecial TopicsUKWorld
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Foreign firms will find it harder to buy British businesses considered key to national security, as new legislation grants the UK government more powers to vet foreign investment. The National Security and Investment Act, which came into force on Jan. 4, is said to be the biggest shake-up of the UK’s national security regime for…
UK Government Rejects Calls to Reintroduce COVID-19 Restrictions
The UK government has rejected calls for COVID-19 restrictions to be reintroduced, saying that the number of hospital admissions and deaths are much lower than at the beginning of this year. Matthew Taylor, chief executive of the NHS Confederation, which represents the whole health care system in England, Wales, and Northern Ireland, on Tuesday urged…
UK Business Minister Defends Wages Stance, Says BoE Can Handle Inflation
LONDON—The British government is right to focus on driving up wages, business minister Kwasi Kwarteng said on Sunday, expressing confidence in the Bank of England’s ability to curb rising inflation. BoE governor Andrew Bailey has said he is concerned about inflation running above the bank’s target of 2.0 percent, describing the need to prevent rising…
Companies at Risk From COVID-19 Lifeline Loans, Bank of England Warns
Many companies that took out emergency loans during the COVID-19 pandemic are now at risk of collapse because of those same loans, the Bank of England has warned. Companies across the UK that before COVID-19 would have been turned down for loans were able to tap into government-backed schemes during pandemic times. Now, many of…
UK Government Rules out Bailout for ‘Badly Run’ Energy Firms
The British government has said it has no intention to bail out energy firms that are struggling amid rising wholesale gas prices. Wholesale gas prices have increased by 250 percent since January, with a 70 percent rise since August alone, leading to the demise of some smaller energy firms. Business Secretary Kwasi Kwarteng said on…
British Food Industry Demands Government Action Over CO2 Shortage
LONDON—Britain’s food industry called on the government to subsidize carbon dioxide (CO2) production during a spike in gas prices or risk the collapse of the country’s meat industries. A surge in gas prices has forced two British fertilizer plants to shut, stripping food producers of the CO2 by-product that is used to stun animals before…
Protesters Block UK’s Busiest Motorway for Third Time in a Week
Protesters demanding government action on home insulation have blocked Britain’s busiest motorway for a third time this week. At least three junctions on the M25 were targeted on Friday morning. Surrey Police said officers had arrested 14 people at junction nine. Campaign group Insulate Britain claimed 79 people attempted to block the London orbital motorway…
Minister Rejects Call for Pay Cut for Stay-at-Home Civil Servants
A call for civil servants who refuse to return to their desks in Whitehall to have their pay cut has been rejected by a Cabinet minister. Business Secretary Kwasi Kwarteng said he would like to see officials in his department going into the office two or three days a week. However, during a round of…
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