One of the government’s most loyal ministers has warned that a windfall tax on oil and gas companies will not be “economically cost-free”. The tax was announced by Chancellor Rishi Sunak as part of a £21bn support package aimed at helping people cope with the rising cost of living. But Jacob Rees-Mogg, the minister for
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Larger families will “miss out” on some of the chancellor’s support for soaring energy bills, the Resolution Foundation has said. Mike Brewer, chief economist at the think tank, said the decision to use one-off payments means single adults on benefits or in receipt of a state pension will see a bigger advantage from the £650
Twitter shareholders are suing Elon Musk, accusing him of acting illegally in the way he has handled his takeover bid. They claim the billionaire has tried to bring down the platform’s stock value because he wants to walk away from the deal or negotiate a much lower price. Last month Musk offered to buy the
Britain’s biggest luxury yacht-builder is being put up for sale even as a string of the world’s most valuable private vessels are being seized by governments clamping down on their sanctioned Russian owners. Sky News has learnt that L Catterton, the private equity group, has hired bankers at Macquarie to find a buyer for Plymouth-based
Rishi Sunak has said cost of living support delivering hundreds of pounds to every household will have a “minimal impact” on inflation – and suggested those who do not need it could give the money to charity. The chancellor told Sky News that the announcement of new measures worth £15bn to ease the burden on
Sky’s Ian King unpacks the chancellor’s multi-billion-pound support package to help households with the cost of living. He’ll also speak to the new headline sponsor of this year’s Chelsea Flower Show. Meanwhile, Elon Musk is being sued by investors in Twitter. :: Listen and subscribe to The Ian King Business Podcast here. Advertisement
The chancellor’s cost of living package lowers the risk of a recession, leading economists have said. In its latest forecast, the Bank of England said that growing pressure on household finances will lead to a deep economic downturn, suggesting that gross domestic product, the most comprehensive measure of economic growth, will contract by nearly a
Shell has said the chancellor’s windfall tax “creates uncertainty” about investing in oil and gas in the North Sea. The tax was announced by Rishi Sunak as part of a £21bn support package aimed at helping people cope with the rising cost of living. The measure will see oil and gas firms pay a 25%
Alison Greenberg is the CEO and Co-founder of “Ruth Health,” an innovative perinatal telehealth hub and comprehensive care platform built for women by women. “Ruth Health”is revolutionizing women’s healthcare for prenatal, perinatal, and postnatal care by empowering women with the proper care and access to support the birthing experience. Alison leverages her experience in both
Actor/Voice Artist/Comic artist Rusty Gilligan has just released his art through NFT Drop. Rusty Gilligan began his entertainment career as an actor in NY, first appearing on Broadway and then moving to California to appear on television in such productions as “Little House on the Prairie”, “Family Affair”, “Police Woman”, and Disney including the original
The Producers Guild of America said today that its 2022 Produced By Conference will be held Saturday an Sunday, June 11-12, at the Fox in Century City. Watch the announcement video above. The 13th edition of the networking event and educational forum spans film, TV and new media, with the goal of sparking conversation and action
Russia is suspending natural gas supplies to Poland and Bulgaria. Gas deliveries through the Yamal-Europe pipeline are set to come to a halt on Wednesday morning, officials in Warsaw said. Poland’s state gas company, PGNiG, said on Tuesday it had been told of the move by Russian gas giant Gazprom. Gazprom also informed Bulgarian state
A defiant Sheriff Alex Villanueva today used a news conference to blast a variety of his opponents both political and perceived, including election challenger Eli Vera, county Inspector General Max Huntsman and Los Angeles Times reporter Alene Tchekmedyian, who broke an explosive story of an altercation involving the handcuffed inmate. Villanueva alleged today that the
Three lifeboats have been launched to help a P&O ferry that has developed a “mechanical issue” in the Irish Sea. The European Causeway “lost all power”, the RMT union said. It is currently five miles off the coast of Larne, according to tracking website Marine Traffic. P&O tweeted that tugs from Larne and Belfast had been deployed
EXCLUSIVE: Trai Byers, Ray Fisher, April Matthis and Michael Potts have joined Samuel L. Jackson, Danielle Brooks and John David Washington in the cast of Broadway’s upcoming revival of August Wilson’s The Piano Lesson. The production, to be directed by LaTanya Richardson Jackson, will begin performances on Monday, Sept. 19, for a 16-week engagement at
Interest payments on the national debt rose to their highest level ever last year, as the UK’s public finances reel from the huge cost of the pandemic. The government’s statistics department said the debt pile stood at £2.3tn last month, with interest payments rising to nearly £70bn, a record amount according to the Office of
The National Academy of Television Arts & Sciences is out with the winners of the 73rd annual Technology & Engineering Emmy Awards. The trophy ceremony was held tonight at the Wynn Encore Ballroom in Las Vegas, in partnership with the National Association of Broadcasters as part of its convention. The ceremony was hosted by Rich
Twitter has reached an agreement for the billionaire Elon Musk to buy the social media platform in a $44bn (£34.6bn) deal. The announcement follows, what were reported to be, extensive discussions between Musk and Twitter’s board starting on Sunday that stretched into Monday. Musk announced an offer to buy the social media platform on 14
EXCLUSIVE: Actor, singer, and producer Diego Boneta (Rock of Ages, Luis Miguel: The Series) and his production company Three Amigos have signed an overall deal with Prime Video. As part of the deal, Boneta will produce and star in a full slate of shows in development while also creating movies, series, and reality shows coming
Oil prices have hit near two-week lows, with analysts pointing to events in China and the US as possible reasons for a fall in demand. The price of Brent crude, the international benchmark, was down by $3.15 or 3% early on Monday, falling to $103.50 a barrel. Earlier in the session, it hit $103.41 –