Treasury
The government has allocated £500 million to ensure the survival of Port Talbot steelworks and support its transition
to greener steel production
Ithaca Energy, a North Sea oil and gas producer, is reducing UK production due to an unforeseen impact of the windfall tax
Major financial institutions, including Barclays, Lloyds, NatWest have reportedly been invited by the Treasury for discussions aimed at revitalising investments in North Sea oil and gas ventures
The ECIU alleges that bureaucratic hurdles by the government could increase annual bills by £1.5 billion due to hindered wind farm development
The government plans to implement a scheme, compelling retailers to share petrol and diesel prices online, aiming to prevent drivers from being overcharged
Officials are reportedly considering the adoption of a similar administration regime, akin to the one implemented during the collapse of Bulb, for Thames Water
New analysis found that if new North Sea gas fields were halted, the reduction in gas production by 2030 would be equivalent to the electricity generated by a single offshore wind farm
Treasury analysis warns that Labour’s green energy plans could drive up mortgage costs and make Britain reliant on foreign oil and gas
The government has launched a consultation seeking views on policy measures to mitigate carbon leakage risk, including a carbon border adjustment mechanism
A think tank has proposed replacing fuel duty with a per-mile charging system, providing higher mileage allowances for residents in rural areas to maintain fairness