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On Thursday, the boss of supplier EDF Energy, Simone Rossi, warned that the UK was “walking into a second energy crisis” and Vyas said that action was needed before bills jumped again. “Last-minute emergency interventions run the risk of being badly targeted and costing us all more,” she said. Energy UK is calling for government…
The G7 has agreed to release 100 million barrels of oil and diesel in a bid to ease supply pressures that have caused prices to skyrocket. The group of advanced economies, including the US, said the move would include a “substantial release” of diesel in the coming days. President Donald Trump had threatened to ban…
Diesel prices in Northern Ireland are at their highest level since the Iran conflict began, according to Consumer Council data. It shows that over the past week the average price of a litre of diesel was 193.3p. That is below the record average of 197.2p in the summer of 2022, following Russia’s full-scale invasion of…
The question of whether to approve Rosebank, as well as the Jackdaw gas field east of Aberdeen, has become hugely politically significant. Rosebank was approved by the previous Conservative government in 2023, but that decision was successfully challenged in the courts by campaigners including Uplift. The decision now lies with the Energy Secretary Miatta Fahnbulleh,…
City’s argument is likely to lead to renewed debate over the extent to which City’s ownership is separate from the Abu Dhabi state, and over the ramifications of club ownership with state connections. Mansour is a member of the ruling family of Abu Dhabi, and the brother of UAE President Sheikh Mohamed bin Zayed Al…
Thames Water has apologised to a customer after trying to take £145,000 from his bank account due to a meter reading error by the company. Adam Bainbridge, a teacher from north London, discovered while routinely checking his accounts on Thursday morning that Thames had debited £145,562 from his bank account. His wife Julia told the…
A European Commission spokesperson said today that there were “lots of calls, lots of meetings” taking place on the diesel situation, including with “high level contacts” in the US administration. A meeting of the governing board of the International Energy Agency (IEA) is taking place tomorrow. Prices of petrol and diesel globally have skyrocketed since…
Artificial intelligence (AI) could trigger financial market shocks and the UK needs to be prepared for them, the governor of the Bank of England has warned. Andrew Bailey said the central bank is watching the huge amounts of money being invested in AI “very carefully” and cautioned that “not everybody always wins”. The money that…
The Governor of the Bank of England has said regulating artificial intelligence (AI) “is not the right place to start” but instead called first for “rigorous” testing to find vulnerabilities and create safeguards to contain risk. Writing his first-ever article for Substack, Andrew Bailey said the risks around AI were “real and increasingly significant”. He…
Requests are posted in a private Facebook group where volunteers can take them on, often tailoring cakes to a child’s favourite characters or interests. The volunteers buy the ingredients, bake the cakes and deliver them, with the group only able to provide toppers, boards and boxes when it has managed to raise money. “It’s not…
