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Drax boss denies company is Europe’s fourth largest carbon emitter

The boss of Drax – which collects hundreds of millions of pounds in renewable energy subsidies – has denied the firm is the fourth largest carbon emitter in the European Union. Speaking in front of MPs on Tuesday, Will Gardiner said emissions from ...

22 Nov 2022 at 16:04

Business secretary Shapps criticised as ‘rude’ by committee chair

The Business Secretary was criticised as “rude” and “inappropriate” by the chair of an influential government select committee as sparks flew amid scrutiny over economic growth. Darren Jones, chair of the Business Select Committee, called out ...

13 Dec 2022 at 18:48

Set clear date for phasing out new gas boilers, MPs urge

The Government should set a clear date in law for banning the sale of new gas boilers as part of efforts to cut emissions from houses, MPs have urged. Some 29 million existing homes in the UK need retrofitting with low carbon heating systems ...

03 Feb 2022 at 01:26

Whitehall ‘considering lots of different scenarios’ amid tariff fears – minister

Whitehall officials will be “considering lots of different scenarios”, a Treasury minister has confirmed, amid concerns about the possible impact of tariffs under the incoming US Trump presidency. Chief Secretary to the Treasury Darren ...

10 Nov 2024 at 13:40

Autumn statement ‘set direction of travel’, says Chief Secretary to the Treasury

The autumn statement has “set a direction of travel”, the Chief Secretary to the Treasury has said. Laura Trott said the Conservatives wanted to “bring the tax burden down” but would not say whether there would be future tax cuts. ...

26 Nov 2023 at 14:01

‘Cloudy’ economic outlook looms over Labour as 2024 draws to a close

With the UK economy set to be grinding to a halt, inflation rising again and backlash among businesses over tax-raising plans, a “cloudy” economic outlook looms over the Labour Government as 2024 draws to a close. But the ...

20 Dec 2024 at 13:20

UK economic growth downgraded for next two years – OECD

The UK economy is set for “sluggish” growth over the next two years and is likely to miss previous forecasts, according to economists. The Organisation for Economic Co-operation and Development (OECD) has downgraded its ...

02 May 2024 at 10:53

Starmer welcomes £550m housing investment with vow to remove planning obstacles

Sir Keir Starmer has welcomed private investment of £550 million to make it easier for people to find a home. Schroders, Man Group and Resonance announced new impact investment funds on Tuesday – pots of money that aim ...

15 Oct 2024 at 09:53

City

Royal Mail bosses accused of pointing fingers over ‘rogue posters’

Top bosses from Royal Mail have been accused of blaming others after admitting the business had broken its own rules after posters appeared which compared how long different workers were pausing on the job. MP Darren ...

22 Feb 2023 at 16:43

Tories can win 2029 election with the ‘right leader’, claims former minister

Conservative former minister Kevin Hollinrake has said the Tories can win the 2029 general election if the party has “the right leader”. Former prime minister Rishi Sunak said he would be resigning as Conservative ...

08 Jul 2024 at 10:34

City

Reeves faces pressure to balance the books as borrowing costs rise

Rachel Reeves faces further pressure to balance the books as the UK’s borrowing costs hit their highest level since the 2008 financial crisis. The Chancellor is said to be prepared to impose more severe spending ...

10 Jan 2025 at 00:01

Royal Mail boss to face MPs after statements ‘may not have been wholly correct’

The boss of Royal Mail will be brought back in front of MPs after they accused him of providing information that “may not have been wholly correct.” Chief executive Simon Thompson has been asked to clarify his ...

24 Jan 2023 at 15:35

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