Economic volatility from shocks such as wars and Covid-19 have been the “most difficult thing” for Office for Budget Responsibility forecasters to contend with when trying to help the government plan...
The pace of inflation slowed in August for the first time in nearly a year, figures from the Office for National Statistics show, but prices still rose by nearly 10% in 12 months.
The government’s energy cap is likely to lower inflation in the short term, but one expert warned that it might not yield longer-term savings on servicing the government’s large stock of interest-...
The government’s plan to temporarily cap energy bills for households and businesses will likely lead to higher borrowing and increased pressure on public finances, experts have said.
New prime minister Liz Truss has outlined plans she said will save average households £1,000 a year for the next two years on energy bills, but faces criticism over refusing to further tax suppliers...
Liverpool City Council’s failure to renew an electricity contract promptly could have cost the authority £7.5m more than if it had extended earlier, an independent report has found.
Liverpool City Council is set to pay a further £4.5m for its electricity this year, after delays meant it failed to agree a contract before its supplier suspended commercial services.
Public bodies could face pressure from growing direct costs alongside impacts from inflated prices for third party suppliers, according to the Office for National Statistics.
Guidance released today advises public bodies to exit contracts with Russian suppliers, but PF has learnt that local authorities might have to wait until after Easter until they get legal powers to...
At least 12 UK public bodies – including eight local authorities – have major active energy supply contracts with Russian energy company Gazprom as the sole supplier, PF research...
The government has promised an ‘electric vehicle revolution’ by 2040 to tackle the climate emergency, but building an infrastructure to support this may be easier said than done, PJ White reports.
