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Backlash from Sunak camp over reports Truss is considering 5% VAT cut

A source from the ex-chancellor’s campaign said slashing VAT by 5% across the board would cost north of £30 billion per year.

UK News|Aug 27, 2022

Next PM ‘right’ to wait to weigh up options to ease cost of living – minister

George Eustice insists people will soon know what further action Boris Johnson’s successor will take to ease the burden.

UK News|Aug 27, 2022

Chancellor suggests those on £45,000 could struggle with sky-high bills

Nadhim Zahawi says things will be ‘really hard’ for middle-earners, as well as society’s most vulnerable.

Time to look at energy consumption amid soaring bills, says Chancellor

Boris Johnson predicted a ‘tough’ few months ahead but promised energy prices will eventually come down.

Electric vehicle owners to be hit by spike in energy price cap

The RAC said the cost of a full charge at home for an electric vehicle with a 64kWh battery, such as a Kia e-Niro, will be £33.80 under the new cap.

IAEA seeks to visit Zaporizhzhia nuclear power plant amid concerns

Fire damage to a transmission line at Europe’s largest nuclear plant caused a blackout across the region and heightened fears of a catastrophe.

World News|Aug 26, 2022

Next PM will have to introduce fresh measures to deal with energy bills – IFS

Chancellor Nadhim Zahawi said the increase in the energy price cap will cause ‘stress and anxiety’ for people but claimed help is coming.

Families to find out extent of mammoth winter energy bills

The price cap is expected to reach between £3,550 and £3,600 in October.

UK News|Aug 25, 2022

British Gas pledges to donate 10% of profit as energy price cap expected to rise

This will give the most financially vulnerable customers an average £750 boost per household, the supplier said.

UK News|Aug 25, 2022

BCC calls on Government to boost Ofgem’s powers to support firms

The business group has said action must be taken quickly to ‘protect businesses, livelihoods and jobs’.

UK News|Aug 24, 2022

Ukraine says 9,000 of its troops have been killed since Russia launched war

Geneneral Valerii Zaluzhnyi said Ukraine’s children need to be taken care of because ‘their father went to the front line’.

World News|Aug 22, 2022

Russians down Ukrainian drones in Crimea as war broadens

The Russian military also kept up its strikes in Ukraine’s north and south.

World News|Aug 21, 2022

Russia steps up battle for city in eastern Ukraine

Shelling early on Saturday collapsed balconies and blew out windows in Mykolayiv.

World News|Aug 20, 2022