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BBCNEWS World Business Report July 7, 2024 - Vimarsana News

BBCNEWS World Business Report July 7, 2024

plus, coming to a car park near you: cheap solar charging for your electric vehicle. but does northern europe have the weather for it? we start with the cost of living here in the uk because, as we were anticipating this time yesterday, the chancellor rishi sunak has announced a financial support package to help people with soaring bills. the 15 billion pound plan will be funded, in part, by what he called a temporary, targeted energy profits levy. in other words, a windfall tax on the energy companies, a policy the opposition labour party have been calling for, but the government ha...

BBCNEWS World Business Report June 4, 2024 04:42:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:42:00

Energy market to this kind of taxation? very vulnerable, the only reason i think they didn't bring this measure in for the likes of national grid and others is that it was more complex to work out, but it hasn't been ruled out. while the chancellor has said that it will be subject to a sunset clause, the sort of investment uncertainty at a time when the uk is looking to transition across from fossil fuels to green energy, and bp does have a part to play in that, it is due to make a decision on a green energy plant next year. this sort of government approach really doesn't send a clear message ...

BBCNEWS World Business Report June 4, 2024 04:37:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:37:00

Decisions. millions of people not decisions. millions of people got some — decisions. millions of people got some relief— decisions. millions of people got some relief today, - decisions. millions of people got some relief today, but . decisions. millions of people i got some relief today, but such is the scale of the tightening squeeze. millions still face a tough time when the days start shortening. nathan piper is head of oil and gas research at investec in edinburgh. the argument against this, which the pm and the chancellor both raised, was that it would deter investment in a sector w...

BBCNEWS World Business Report June 4, 2024 04:36:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:36:00

Poverty but some nagging questions remain. this is a big package, the chancellor is doing a lot for those in the lowest incomes who he has effectively ignored up until now. he he has effectively ignored up until "ow-— he has effectively ignored up until nova— until now. he may still have worries- _ until now. he may still have worries. can _ until now. he may still have worries. can this _ until now. he may still have worries. can this really - until now. he may still have worries. can this really be l until now. he may still have worries. can this really be a i worries. can this really be...

BBCNEWS World Business Report June 4, 2024 04:38:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:38:00

Mentioned, and changing the times like this in a handbrake fashion is only going to damage investment levels in the uk north sea. what does it mean in practice for north sea oil? in practice, they will be less investment. when the uk north sea is on our print trajectory to produce less and less over time, it will only happen faster if less wells are drilled and there is less activity. it leads to less taxes in the long—term, and also fewerjobs. it taxes in the long-term, and also fewerjobs.— taxes in the long-term, and also fewerjobs. also fewer “obs. it is possible that the also fewerjo...