17 h. ago Demand for Ofgem to use firms' £4bn profits to help with energy bills

MPs said it is 'completely inexcusable' that households choose between eating and heating while companies make staggering profits

Economics

24 h. ago Ofgem should use firms’ windfall profits to fund energy debt relief, say MPs

Electricity and gas prices soared from late 2021, driven by the reopening of economies after Covid and Russia’s invasion of Ukraine.

Economics

5 d. ago NatWest boss warns of bond market backlash against bank windfall tax

The chief executive of NatWest has warned Rachel Reeves against slapping a windfall tax on banks, as the sector's profits soar.

Economics

9 d. ago Clydesdale community hub gets cash from Renewable Energy Fund

Hope Hub SCIO (HHS) has been given almost £60,000 to put in solar panels and batteries which will help it reduce running costs, carbon emissions and make the facilities more sustainable.

Economics

2 w. ago Urgent calls for debt relief as study shows health and education cuts in developing world

Influential economists want replenishment of funds and new ways to define countries in need before this week’s IMF and World Bank meetingsTop economists are demanding urgent action on debt relief in Washington this week, as analysis from the campaign group Debt Justice shows struggling governments are cutting back on health and education.As finance ministers and central bankers gather for the International Monetary Fund (IMF) and World Bank annual meetings, influential experts including the Nobel laureate Joseph Stiglitz, and leading economists Mariana Mazzucato and Jayati Ghosh, are urging them to “turn debt into hope”. Continue reading...

Politics

2 w. ago British Gas offering households up to £2,000 support with energy bills

The British Gas Energy Support Fund has reopened

Economics

3 w. ago Major energy firm to pay £2,000 to UK households as bills rise again

The Energy Support Fund is available for existing British Gas customers who are in energy debt or at risk of fuel poverty during the winter

Economics

4 w. ago Ovo flags ‘uncertainty’ over future after failing to meet Ofgem rules

The energy firm insists it is ‘working closely with Ofgem to deliver a capitalisation plan’ to meet the new financial resilience regulations.

Events