Westminster is being told it must do more to support the “entire flexible labour market” after dropping plans to repeal IR35 tax rules.
Chancellor Kwasi Kwarteng has been sacked after just six weeks in the role.
Employment and tax experts have roundly hailed the Chancellor’s shock pledge to scrap contentious IR35 reforms.
Proceeds from the UK Government’s windfall tax are expected to top £7 billion this year, about £2bn more than originally thought.
The Chancellor has pledged to repeal controversial changes to off-payroll working laws in a bid to boost the labour market.
Kwasi Kwarteng will pledge to "turn the vicious cycle of stagnation into a virtuous cycle of growth" as he sets out the UK Government's mini-budget on Friday.
Devolved governments in Scotland, Wales and Northern Ireland have urged the Chancellor not to pass the cost of an energy cap on to struggling families.
British energy consumers could save £26 billion ($30 billion) over the next two years, nearly £950 per household, through a government plan to cap profits of existing wind and solar farms in exchange for long-term price certainty.
The UK government plans to offer fixed-price contracts to existing renewable-energy producers as a way to blunt the impact of soaring power costs on households this winter, according to people familiar with the discussions.
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
Cerulean Winds and Ping Petroleum UK have signed a new agreement that would create one of the UK’s first oil and gas facilities powered almost exclusively by offshore wind.
UK Government is being urged to give urgent clarity about future support for carbon capture and storage (CCS) projects.
UK business secretary Kwasi Kwarteng will meet with North Sea oil and gas producers today to discuss the government’s windfall tax.
A multibillion-pound project to build a new nuclear power station has been given the go-ahead, more than two years after plans were first submitted.
The Crown Estate has been cleared to sign lease agreements for more than 8 gigawatts (GW) of new fixed-bottom offshore wind projects off England and Wales as part of Leasing Round 4.
The UK government has launched a “transformational” review into the nation’s electricity market, which could see sweeping reforms to electricity pricing, procurement and storage.
Like much of his tenure as Prime Minister, Boris Johnson’s relationship with the energy sector has been somewhat rocky.
The UK’s Department for Business, Energy and Industrial Strategy (BEIS) has announced the results of the fourth contracts for difference (CfD) round, with a record 11 gigawatts of consented capacity set to secure backing.
Development pledges and new policing powers on CCUS, hydrogen and decommissioning have been unveiled in the UK Energy Security Bill, marking the “biggest reform” of its kind in a decade.
Kwasi Kwarteng is looking at relaxing gas quality rules for UK pipelines so North Sea supply can help beat the energy crisis.
Equinor and Centrica have signed an agreement which will see the Norwegian company deliver an additional 1 billion cubic metres (bcm) of gas supplies to the UK in time for this winter.
The UK spent around £5 billion on imports of Russian oil, gas and coal in the year to April 2022 according to a House of Commons research briefing, as the government looks to halt supplies by the end of this year.
JDR Cable Systems has secured financial support for a new “state-of-the-art” subsea cable manufacturing facility in the north-east of England.
Environmental campaigners have made the Treasury their latest target in response to the recent approval of a North Sea gas field.