Energy providers owe 13m homes £1.8bn in credit balances

Energy suppliers owe roughly 13million households a total of £1.8billion in credit balances, new research has revealed. More than one million bill-payers are due more than £300, according to data from Uswitch, at a time when some may be facing financial hardship. It found that coming out of winter, 45 per cent of all households … Read more

As three more supermarkets hand back business rates relief, it’s a £1.8bn windfall for the taxman 

As three more supermarkets hand back business rates relief, it’s a £1.8bn windfall for the taxman Sainsbury’s, Asda, Aldi and discounter B&M followed Tesco and Morrisons They paid back the windfall after their sales boomed in lockdown Ministers say the action is a ‘real model of good, healthy capitalism’ By Tom Witherow Financial Correspondent For The … Read more

Fury over £18bn PPE scandal

A Tory Minister today refused to apologise after a devastating report laid bare the cronyism and ineptitude that has characterised the Government’s ‘mindblowing’ £18billion rush to source PPE and other equipment during the coronavirus crisis.  Business Secretary Alok Sharma has denied allegations of wasting taxpayers’ money, claiming the scramble to buy lifesaving clothing for the NHS came at … Read more

The £18bn coronavirus PPE fiasco

A devastating report today lifts the lid on the cronyism and ineptitude that has characterised the Government’s £18billion rush to source PPE and other equipment during the coronavirus crisis. Michael Gove and Dominic Cummings were both drawn into the debacle after the spending watchdog said officials failed to consider potential conflicts of interests involving companies … Read more

Shell  stung by £1.8bn hit to the books as its forced to write down the values of some assets

Oil giant Shell stung by £1.8bn hit to the books as it’s forced to write down the value of some assets Shell also trimmed back its forecast for quarterly oil production Oil and gas companies have had to write down the value of US shale assets  Shares in the oil firm  fell 1 per cent following the news … Read more