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The Bank of England’s Monetary Policy Committee (MPC) has this lunchtime increased interest rates by 0.25% to 5.25%. 6 of the 9 members of the Bank’s MPC voted for a 0.25% rise, 2 members favoured a 0.5% rate increase, with one member voting for rates to remain unchanged. The latest interest rate rise, the 14th… Read more »
Rishi Sunak has today announced over 100 new North Sea oil and gas licences, saying that we will still require fossil fuels for decades to come. In a move likely to anger environmental campaigners, the prime minister has announced the 100 new licences as part of a visit to north-east Scotland focused on North Sea… Read more »
