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Liz Truss could “completely crash the public finances” if she pushed ahead with tens of billions of pounds of tax cuts, a senior economist has warned.
Nearly half of Conservative voters support the renationalisation of Britain’s energy industry, a poll has found, as the incoming prime minister is urged to embrace radical solutions to the cost of living crisis.
Here are the stories making the business headlines this morning.
Europe faces years of energy rationing without Russian gas, the boss of Shell has warned.
A popular Aberdeen park has been crowned the most-loved in the country following a nationwide vote.
People struggling to heat their homes amid rising energy prices will be able to gather at art galleries, community centres and libraries earmarked as communal “warm banks” in council-led initiatives around the country.
Boris Johnson’s promises to level up parts of the country could be abandoned after he leaves office as rising costs and inflation threaten key projects, experts have warned.
Liz Truss will approve up to 130 news oil and gas drilling licences in the North Sea in one of her first acts as prime minister.
UK inflation could top 22% on the back of high energy costs next year as new data showed that consumers are already paying record prices in the shops.
Abrdn has fallen out of the FTSE 100 index as its dwindling share price left it languishing as the UK's 118th biggest listed firm.
Wood will deliver the detailed design of subsea pipelines for Equinor’s Halten Øst project offshore Norway.