America’s biggest energy producer is suing the European Union in an attempt to force the scrapping of the bloc’s new windfall tax on oil groups, arguing that Brussels exceeded its legal authority by imposing the levy. ExxonMobil lodged a lawsuit yesterday in what is regarded as the most significant response yet against the tax from […]
Millions of people have abandoned saving into pensions in the past year to bag an extra £550 or more in annual take-home pay to meet rising fuel and food bills. The abrupt change in behaviour has left employees typically expecting to have to delay their retirement plans by three years, the Pensions Management Institute has […]
A Cheshire wind farm developer has threatened to sue the UK government over its plans to impose a ‘windfall tax’ on renewables companies. Community Windpower – which owns 1.5 GW of UK wind generation capacity – has said it will take legal action to block the UK’s Electricity Generator Levy. The temporary tax imposes a […]
The number of Boxing Day shoppers rose by nearly 40% compared to last year but remained below pre-pandemic levels as cost of living pressures weigh on consumers. More shoppers were drawn to Boxing Day sales this year than last in all retail settings across the UK, according to data from retail analytics company Springboard. By […]
The North East of England could become the latest region to have a directly elected mayor, as the Government announced a new £1.4 billion devolution deal for the region. Hailed as a “significant step” by local politicians, Levelling Up Secretary Michael Gove said a new devolution deal would bring fresh powers over skills, transport and […]
Ministers have been accused of making a “pitiful attempt” to recoup taxpayers’ money wasted on fraudulent Covid contracts, after it emerged that only a fraction of the estimated total had been recovered so far. About £18m has been retrieved by the Department of Health and Social Care through checks on personal protective equipment (PPE) contracts […]
Rail passengers have been told to avoid some services for two weeks and that trains will be “significantly disrupted” across most of the country into the new year. The warning from Network Rail came as some services juddered back to life on Tuesday after the Christmas shutdown and several days of strikes by RMT union […]
The return to the office after the pandemic lockdowns gathered pace in 2022 as hybrid working took hold at British businesses and employees headed to desks in suburban locations, according to figures from the workspace provider IWG. The average number of visits to IWG’s more than 300 UK workspaces climbed by 54% from January to […]
Households will be urged to take only 30 seconds out of their day to reduce their energy use as a UK government TV advertising campaign designed to cut bills finally launches. The advert, part of an £18m campaign originally blocked by Liz Truss, will air during festive schedules from 8.30am on Tuesday on terrestrial and […]
They have been marketed as the ideal Christmas present to beat the transport strikes and high fuel prices but from today riders of electric scooters will be banned from carrying them on two of the country’s big train operators. TransPennine Express, which operates in the north of England, and Avanti West Coast, which runs services […]