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Energy industry

Kwarteng scraps top 45% rate of income tax and cuts stamp duty

Kwasi Kwarteng has bet the government’s re-election in 2024 on the biggest tax cuts in 50 years after the...

Tory MPs angrily challenge Rees-Mogg’s fracking revival plan

Ministers face a furious backlash from Conservative MPs after overturning a manifesto pledge to pause fracking until it is...

Kwasi Kwarteng to lift cap on banker bonuses; Shell names new CEO – business live

Key events 1h ago Relatively flat open for European markets 1h ago Introduction: Banker bonus cap on the chopping...

European gas prices likely to fall sharply this winter, says Goldman Sachs

European countries can withstand Russia’s gas cuts this winter as supply headaches may have been “successfully solved”, according to...

Soaring energy costs could threaten future of electric cars, experts warn

Soaring energy costs are threatening the future of the electric car , industry bosses in Germany have warned. ...

Liz Truss energy bills cap will fail to protect poorest, say thinktanks

Government plans to cap energy bills are “poorly targeted” and will fail to protect low-income families without a package...

EU sets out plans for windfall taxes and power savings amid energy crisis

The head of the EU executive, has set out plans for windfall taxes, mandatory electricity savings and a cap...

No one should be cut off if they can’t afford energy bills, says Zahawi

The chancellor, Nadhim Zahawi , has said households should not be cut off if they cannot afford their energy...

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