The ECB announced a second consecutive increase in interest rates to combat galloping inflation. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a 75 basis point hike in interest rates, taking its benchmark deposit rate to 0.75%. “This major step precipitates the transition from the current very accommodative level … Read more
LONDON — British Prime Minister Liz Truss announced a sweeping stimulus package on Thursday to help Britons cope with soaring energy bills and attract investment in the energy sector. Truss announced a “new energy price guarantee that will give people certainty on energy bills”. In his first major move into the leadership role, Truss announced … Read more
LONDON — British Prime Minister Liz Truss announced a sweeping stimulus package on Thursday to help Britons cope with soaring energy bills and attract investment in the energy sector. Truss announced a “new energy price guarantee that will give people certainty on energy bills”. In his first major move into the leadership role, Truss announced … Read more
LONDON — Britain’s energy regulator announced on Friday it would raise its main cap on consumers’ energy bills to an average of £3,549 from £1,971 a year, as campaign groups, groups think tanks and politicians are calling on the government to tackle a cost of living crisis. The price cap limits the standard load that … Read more
LONDON — Britain’s energy regulator announced on Friday it would raise its main cap on consumers’ energy bills to an average of £3,549 from £1,971 a year, as campaign groups, groups think tanks and politicians are calling on the government to tackle a cost of living crisis. . The price cap limits the standard load … Read more
Liz Truss and Rushi Sunak during The Sun’s Showdown: The Fight for No10, the final one-on-one debate for the Conservative Party leadership candidates. The next Prime Minister will be forced to face a historic cost of living crisis as food and energy prices soar and real income declines. Dominique Lipinski | Pa pictures | Getty … Read more
