Petrol retailers hoping for a return to normal after motorists drained pumps over the weekend have faced yet more forecourt queues – as parts of the economy started to feel the strain. In some areas, up to 90% of pumps ran dry, according to industry estimates – and there was little sign of the panic-buying
A future Labour government would scrap business rates as part of “the biggest overhaul of business taxation in a generation”, shadow chancellor Rachel Reeves is set to announce. In her address to Labour’s conference in Brighton on Monday, Ms Reeves will highlight how high streets are “struggling” due to the impact of the coronavirus crisis.
IWG, the serviced offices giant behind Regus and Spaces, is exploring a multibillion pound break-up that would involve splitting it into several distinct companies. Sky News has learnt that Mark Dixon, IWG’s founder and chief executive, is in the early stages of examining a series of corporate actions that he believes would crystallise significant value
Panicked motorists have caused lengthy queues at petrol stations for a second day – as an industry expert predicted the “catastrophic situation” is going to get worse before it improves. Long lines of cars continued to form at forecourts across the country on Saturday after a shortage of HGV drivers forced some fuel retailers to
Panicked motorists have caused lengthy queues at petrol stations and caused some pumps to run dry – the latest consequence of a shortage of HGV drivers which is causing widespread disruption in the UK. The government insists the country has “ample fuel stocks” but it has not stopped long lines of cars forming after some
The government is expected to clear the way for a visa change that would allow thousands of foreign lorry drivers to work in the UK. The temporary measures would be aimed at HGV truckers from abroad plugging the gaps that have been blamed for causing queues at petrol pumps and shortages in some food items.
The transport secretary has said motorists should “carry on as normal” when it comes to buying fuel, after BP closed some of its petrol stations due to supply issues. The energy giant said tens of forecourts in its 1,200-strong network were experiencing shortages – blamed on the nationwide lack of HGV drivers – while rival
Employers who withhold tips from workers will be breaking the law under government plans to help around two million workers in the hospitality, leisure, and services sectors. It comes after research showing that many owners of restaurants, bars, and cafes add discretionary service charges to customers’ bills but then keep some of the money themselves.
BP says it is “prioritising” fuel deliveries across its network of branded filling stations as some are hit by the national shortage of HGV and tanker drivers. The company told Sky News that “tens” of its 1,200-strong forecourts were experiencing shortages as a result of delays and it would ensure they got re-stocked first. It
At what stage will there be a tipping point? This is likely to be the question currently occupying much of the energy industry and government alike. Under the current Supplier of Last Resort system, customers whose energy firms go bust are being taken on by larger, more solvent suppliers. Image: Avro Energy is the latest
Energy supplier Green has become the latest victim of the crisis engulfing the sector as it collapsed, blaming “unprecedented market conditions and regulatory failings”. Green, which has more than 250,000 customers and 185 staff, confirmed that it would cease trading a day after Sky News revealed that it had lined up advisers to oversee a
Taxpayers will help pay for the operating costs of a US-owned fertiliser manufacturer amid the ongoing energy crisis – just weeks after the government announced it was cutting Universal Credit and raising National Insurance contributions. In a deal brokered by Business Secretary Kwasi Kwarteng, the UK Government will provide “limited financial support” towards CF Fertilisers’
The government has reached agreement with CF Industries to restart carbon dioxide production at its UK sites following talks between the company and Business Secretary Kwasi Kwarteng. The US firm said last week that it had stopped work at its fertiliser plants at Billingham on Teesside and Ince in Cheshire because of a surge in
As many as one-in-four UK households receive energy from providers that could face collapse as a consequence of soaring gas prices, industry sources have warned. A 250% increase in prices has exposed providers whose wholesale supplies are not “hedged” or insured against market fluctuations, meaning they can now only fulfil supply deals with customers at
Global stock markets have fallen sharply on a cocktail of worries led by a potential crisis brewing in China – and added to by gas supply concerns in Europe. Fears over the future of Chinese property giant Evergrande – and the possibility that its problems could have wider knock-on effects in the world’s second biggest
UK energy company Bulb is seeking a bailout to stay afloat amid surging wholesale gas prices with Boris Johnson insisting the issues facing the industry are global. A Bulb spokesperson said: “From time to time we explore various opportunities to fund our business plans and further our mission to lower bills and lower CO2. “Like
The owner of the sushi restaurant chain Yo! will this week take a further step towards a stock market flotation that could come as soon as next month. Sky News understands that The Snowfox Group will hold a presentation for City analysts as it prepares to announce a formal intention to float in London. City
The bonds of friendship between France and the UK, US and Australia have been “tarnished” by the AUKUS pact, and it is now “more difficult than before” for France to trust those countries, the president of the French National Assembly has told Sky News. Richard Ferrand is attending the G7 Speakers’ Conference in Chorley, Lancashire, hosted
Northern Ireland has indicated it will follow many of England’s incoming COVID-19 rules on international travel, as holiday firms experience a surge in bookings. The country’s traffic light system for international travel will change from 4 October with a single “red list” of destinations and a “simplified process” for travellers for the rest of the
Britain’s meat industry is warning of a shortage of carbon dioxide gas without which the food manufacturing process could grind to a halt. Representatives of the industry have been in emergency talks with the government over the crisis which is a knock-on effect of the Europe-wide surge in natural gas prices. CO2 is used to