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…
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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UK Rushed Into COVID-19 Lockdowns Without Considering Costs, Suppressed Dissent: Sunak
The UK government plunged the country into COVID-19 lockdowns without properly considering the social and economic costs, and dissenting voices in the Cabinet and in the scientific community were suppressed, former Chancellor Rishi Sunak has revealed. The government imposed three national lockdowns on the population during the pandemic, but it never properly examined the likely…
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…
Liz Truss May Have the Edge Over Rishi Sunak but ‘Foreign Policy Doesn’t Win Elections’: Experts
Conservative Party members are voting for who will become their next leader and succeed Boris Johnson as prime minister, but what difference will it make if the government is led by Liz Truss or Rishi Sunak? The Epoch Times spoke to Matthew Lesh, the head of public policy at the Institute for Economic Affairs, Stepan…
Sunak Promises to Tackle Cost-of-Living Crisis Through Welfare System
In the leadership race for the Conservative party, Rishi Sunak has stepped up his promises to tackle the cost-of-living crisis as he tries the close in on rival Liz Truss. Sunak said on Thursday that he will use the “tried-and-tested” welfare system to give targeted support on top of the VAT cut he previously promised. It…
UK PM Candidates Urged to Scrap Windfall Tax on Energy Profits as Soon as Possible
August 12, 2022
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Boris JohnsonBusiness & MarketseconomyenergyinflationInvestmentliz trussRishi SunakUKwindfall taxWorld
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A British energy industry body has urged the candidates in the running to become prime minister to scrap the windfall tax on profits as soon as possible. The temporary 25 percent profit levy on oil and gas giants was announced in May by then-chancellor Rishi Sunak to fund a relief package for households struggling with…
Liz Truss Slams ‘Gordon Brown Economics’ of Raising Tax and Benefits
Foreign Secretary Liz Truss made a veiled dig at Conservative Party leadership contest rival Rishi Sunak by criticising a policy of “putting up taxes and then also giving out benefits” to help with the cost of living crisis. Truss referred to it as “Gordon Brown economics” during a hustings debate in Darlington, in the northeast…
Sunak Vows to Crack Down on University Degrees With Low Outcomes
Rishi Sunak has vowed to phase out university degrees that do not improve students’ “earning potential,” create a Russell Group of world-class technical colleges and introduce a British Baccalaureate that would prevent 16-year-olds from dropping maths and English. The Tory leadership hopeful said his plans to reform post-16 education marked “a significant stride towards parity…
Truss Promises Immediate Tax Cuts While Sunak Vows to ‘Go Further’ With Support Package
The two candidates vying to become the UK’s next prime minister continued to clash on economic policies on Saturday. Liz Truss promised an emergency budget to immediately cut taxes, while Rishi Sunak said he will “go further” with payments to help households with increasing energy bills. It comes after energy consultancy Auxilione released a forecast on…
Truss Promises Immediate Tax Cuts; Sunak Vows to ‘Go Further’ With Support Package
The two candidates vying to become the UK’s next prime minister continued to clash on economic policies on Saturday. Liz Truss promised an emergency budget to immediately cut taxes, while Rishi Sunak said he will “go further” with payments to help households with increasing energy bills. It comes after energy consultancy Auxilione released a forecast on…
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