BP refused to disclose how much windfall tax the company would have paid if it had not created an investment loophole on Tuesday.
Royal Mail: £219m loss due to strike action
Royal Mail suffered a loss of over £200m in its first half. This was due to ongoing strikes, a drop in parcel deliveries, and the inability to restructure while at
UK considering big increase in energy windfall tax
Sources said that Jeremy Hunt, the British finance minister, is looking at a significant increase in a windfall income tax on oil and natural gas companies and extending it to
Bank of England is expected to deliver its biggest rate increase in 33 years today
Analysts predict a 0.75 percentage-point increase, possibly the largest hike in base rate since 1989.
UK Government tests energy blackout emergency plans as supply fears grow
The government has developed emergency plans to deal with power blackouts lasting up to seven days in the case of a national outage. This is amid growing concerns about supply
Royal Mail deadlock threatens to wreck Christmas deliveries
The flurry of Royal Mail announcements Monday may have appeared coordinated to a more sceptical eye.
Royal Mail staff to lose £2,000 each if strikes go ahead Company warns workers
The company warned that striking Royal Mail workers could lose as much as £2,000 each if the company presses ahead with industrial actions in the coming weeks.
The next crisis is looming over Britain’s pensions industry
As one crisis is over, there are growing fears that the pensions industry could unwittingly slip into another.
The US Federal Reserve and Bank of England will be in the investor spotlight this coming Wednesday and Thursday
They will provide commentary on expected further monetary tightening and reveal interest rate decisions, which have been the dominant influence on stock market behaviour this year.
Rishi Sunak will reimpose a ban on fracking in England
New Prime Minister Rishi Sunderak has restored the moratorium on fracking within England.
Bank of England to hike by 75 bps on November 3rd or may go higher
Reuters polled economists over the past week to determine whether the Bank of England will increase interest rates by 75 basis points on November the third.
