• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Domestic Affairs

Energy prices strangle businesses, logistics create chaos, but it’s mostly sunny (in southern Spain)

12th October 2021 Helen Rush DMCA.com Protection Status

Energy prices strangle businesses, logistics create chaos, but it’s mostly sunny (in southern Spain) Pin It

Energy prices in the UK are skyrocketing. Factories are in danger of closing before the end of the week, but the government is hesitant to intervene yet. Boris Johnson is now on holiday in southern Spain.

It is still difficult to say whether the factories are closing only temporarily. We are mainly talking about steel companies, such as British Steel and Tata. They are the most energy-hungry, and can no longer pay the bills in the short term. The glass makers are also energy intensive. They say it’s a matter of days, not weeks, for them to close their factories. And the problem is always that once the gates are closed, it’s very uncertain whether they’ll ever open again.

Meanwhile, the British government is doing little to resolve the situation. What they do is fight among themselves. The minister responsible for business would have asked the finance minister, who is supreme here, for help. However, that ministry denies that there is serious consultation between the two ministries taken place.

There is a pattern in this that is typical of the current British government. ‘Don’t lift the tasks that are too heavy and don’t make the necessary preparations. And when things get worse, there’s gonna enter panic mode. That’s what it feels like right now.

In the meantime, British consumers are not escaping rising energy prices, but fortunately they are still limited. There is a legal ceiling on the height of the increase for the British consumer. That ceiling is not there for business. The question now is whether the government is prepared to provide subsidies for business. Thousands of companies say they’re going to die otherwise.

The supply of supermarkets in the country is also not doing well. One in six Britons has not been able to access essential goods in the last two weeks. People are very concerned about shortages, especially around Christmas.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Cardano (ADA) prediction depends…

In IT, Innovation and Startups

Cardano (ADA) prediction depends on smart contracts success, reaching Ethereum is unlikely

View Post

Next Post

Meal Delivery giant achieves healthy…

In Money Matters

Meal Delivery giant achieves healthy order growth, but the profits are lagging behind

View Post

In Money Matters

Major grocery chain supports a ban on plastic packaging of fruits and vegs

View Post

In Domestic Affairs

H1N2 swine flu identified in North Yorkshire, no reasons for quarantine measures yet in sight

View Post

In Money Matters

The global dairy market grows exponentially: the World Dairy Map

View Post

In Money Matters

MPs warn against swift adoption of digital pounds in retail

View Post

Newsletter

Latest News

View

James Cleverly will sign a new treaty in Rwanda today: its implementation is questionable

5th December 2023

View

Physical and ‘digital’ gold spiked on weaker dollar expectations

4th December 2023

View

Wording games at COP28: “scaling down” vs “phasing out”

4th December 2023

View

MPs warn against swift adoption of digital pounds in retail

3rd December 2023

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com

Sign Up for Our Newsletter

Our friendly crew

  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019-2023 Talk Finance - All Rights Reserved. [email protected] DMCA.com Protection Status