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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 has resisted, until now. all households, regardless of income, will receive a grant of £400 towards their energy bills, which won t have to be paid back. on top of that, those on the lowest incomes, around eight million households, will receive a one off payment of £650. and pensioners receiving the winter fuel allowance will also get an extra one off payment of £300. those receiving disabi ....

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BBCNEWS World Business Report June 4, 2024 04:40:00

85% of the world s energy is delivered through fossil fuels. the transition isn t going to happen overnight. as we don t incentivise, or as we bring in these taxes and reduce production in the north sea, thatis production in the north sea, that is less oil and gas globally, so a lot of these companies are part of the anti transition, they are the ones that are going to invest in carbon capture storage, hydrogen, wind, some are already doing it, and not linking investment in that part of the transition to promises do tax deductions and so on, i think there is an opportunity missed there. let s speak to michael hewson. michael, only last week 300 tory mps were encouraged to vote against a windfall tax. how much credibility does the british government the business? a lot less than over one week ....

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