Business minister bids to calm crisis fears as UK gas prices soar

No cause for alarm now, says Kwasi Kwarteng as energy discussions are likened to early Covid crisis talksThe government was scrambling on Saturday night to reassure Britons that rising gas prices would not plunge the country into an energy crisis, as m…

The surge in ‘buy now pay later’ – and why we should be worried

Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Retailers love it of course, but all this unregulated lending is ringing alarm bellsShoppers tempted by Boohoo’s bestselling satin skater dress are bombard…

Fire shuts one of UK’s most important power cables in midst of supply crunch

Coal plants being warmed up as market prices surge to £2,500 per MWh from a norm of £40A major fire has forced the shutdown of one of Britain’s most important power cables importing electricity from France as the UK faces a supply crunch and record hig…

Inflation is back, but Sunak is intent on taking money out of pockets

Analysis: Britain faces universal credit cut, public sector pay freeze and national insurance risePrices are climbing in the shops and consumers face an autumn crunch. Official figures show inflation rose at the fastest rate in a decade in August, as t…