The Monetary Policy Committee of the Bank of England has voted to boost UK interest rates to 0.5 percent in response to inflation reaching its highest level in 30 years. The Bank of England now predicts that inflation will peak in April 2023 at roughly 7.25 percent....
This week BP has cashed in on surging oil and gas prices, with profits amounting to £9.45 billion, the highest recorded in eight years. BP closely follows Shell who also reported annual profits of £14.3bn, which analysts believe will grow to £23.6bn by the end of its...
The financial resilience of suppliers is due to be tested by Ofgem, test will ensure a review of Ofgem’s price cap policy after a string of vulnerable suppliers cease trading and declare bankruptcy due to a 500% jump in gas prices. Following further concern that a...
SME's Lagging On Net Zero Goal. As the government pushes to meet its 2050 Net Zero emissions target, it has surfaced that there is still a greater challenge to push smaller companies to join the movement and cut their carbon footprint. Only around half of smaller...
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