LONDON (Parliament Politics Magazine) – Allowing energy providers to take out government-backed loans to subsidise bills will help lower consumers’ energy expenditures. On Thursday, the plan—which had been proposed by the energy sector—is expected to be announced. The government’s effort to address
WASHINGTON (Parliament Politics Magazine) – The International Monetary Fund has warned that a complete shutdown of Russian gas supply may cause a 6% drop in GDP and result in recession in the most vulnerable EU nations. The IMF stated that Europe didn’t
LONDON (Parliament Politics Magazine) – According to the leader of Britain’s largest energy supplier, consumers will have to deal with exorbitantly high fuel prices for a period of at least another 18 months. E.ON UK’s chief executive, Michael Lewis, has urged for
LONDON (Parliament Politics Magazine) – Shell has declared a record quarterly profit of $9.1 billion (£7.3 billion) for the first quarter of the year, increasing pressure on the government to enact a windfall tax to fund steps to combat rising home energy
LONDON (Parliament Politics Magazine) – After oil and gas prices skyrocketed, BP’s profits for the first three months of the year more than doubled. The energy behemoth posted an underlying profit of $6.2 billion (£4.9 billion), up from $2.6 billion in the
LONDON, (Parliament Politics Magazine) – Following criticism that the government’s new energy plan provides little to aid consumers struggling with skyrocketing costs, the PM has defended it. Boris Johnson described it as a “long-term plan” centred on energy supply, adding that the
LONDON, (Parliament Politics Magazine) – A cabinet minister has dismissed calls for the UK to contemplate energy rationing, while a proposal to dramatically increase onshore wind power appears to have been considerably pared back. Grant Shapps, the transport secretary, said Russia’s invasion
