Crisis talks will take place between energy sector bosses and the government tomorrow after the price cap was forecast to hit more than £4,200 in January. Chancellor Nadhim Zahawi and Business Secretary Kwasi Kwarteng will ask gas and electricity company executives to submit a breakdown of expected profits and payouts as well as investment plans for the next three years. Confirming the meeting on Sky News, Education Secretary James Cleverly said: "The chancellor and the business secretary have hauled in the leaders of the energy companies to hold them to account, to discuss with them what they are going to do with these unexpected, unplanned, unprecedented profits that they have been making because of that sudden spike in energy prices caused by Russia's invasion of Ukraine ." Politics Hub: Tory MP defects from Sunak to Truss - live updates Mr Cleverly also failed to deny there could be blackouts this winter , but did say the UK was in a "better position than … [Read more...] about Cost of living: Energy bosses to hold crisis talks with ministers over soaring bills
Boris johnson win fifty labour seats offset losses snp lib dems
Jacob Rees-Mogg on elections and the constitution in January SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Foreign Secretary Liz Truss and former Chancellor Rishi Sunak are going head-to-head to become Conservative Party leader and British Prime Minister. The winner will become the third Prime Minister appointed without a general election in the past six years. Related articles Rishi Sunak makes pledge to help out families witcost-of-living crisis Step aside and let Truss get going! Sunak urged to QUIT leadership An exclusive poll for Express.co.uk by Techne UK showed the majority of respondents favour a snap election being called. READ MORE: 'Get the nation's backing!' New PM MUST call snap … [Read more...] about POLL: Should next Prime Minister hold a general election immediately?
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. New York (CNN Business) Is the crypto winter finally over? (And in the scorching heat of summer no less?) Bitcoin prices have stabilized around the $23,000 to $24,000 level after plunging below $20,000 in June. The prices of ethereum and other leading digital currencies have also rallied in the past two months, leading to hopes that this nascent market may have reached its bottom. But the optimism could be premature, and fleeting. Companies with direct ties to the crypto landscape continue to struggle. Coinbase reported a loss for the second quarter after the closing bell Tuesday. That follows Monday's revenue warning from Nvidia ( NVDA ) , whose graphics cards are a key component in many bitcoin mining rigs. … [Read more...] about Crypto is making a comeback
Rishi Sunak clashes with BBC radio 4 presenter on taxation SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The former Brexit Party leader criticised the Tories for letting Gordon Brown "return to the public stage by leaving a vacuum of leadership". The ex-Labour Prime Minister's been vocal in his calls for immediate Government intervention to ease the cost of living burden on Britons across the UK. Related articles Step aside and let Truss get going! Sunak urged to QUIT leadership Rishi Sunak allowed Remoaner Treasury mandarins to stop Brexit freedom He has suggested ministers must take swift action to implement an emergency budget to give further handouts to families in need. Mr Sunak has already pledged to … [Read more...] about Farage highlights Rishi Sunak’s fatal error that has left Britain shackled to socialism