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.... If you are accepted, the company will install the largest solar panel system the roof can take – a 16-panel setup will generate 4kW – plus an LG storage battery that lets you use the power that’s generated during the day in the evening. In return, EDF gets to keep the feed-in tariff paid by the government, which is worth about £150 a year. ... [Read full article on Guardian ]
Saturday 12th of August 2017 06:00:37 AM
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....The Oxera report warns that past delays in building the new lorry parks risk motorway tailbacks in Kent. It says that the impact of delays and checks, known as “non-tariff barriers”, risks forcing companies to move supply chains into the EU. ... [Read full article on Guardian ]
Sunday 30th of July 2017 08:39:59 AM
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....Ministers expressed concern about the rise, which they said should not be blamed on government policy, and said they were not ruling out future steps to “increase fairness for customers”. A spokesperson for the Department for Business, Energy and Industrial Strategy (BEIS) said: “Energy firms should treat all their customers fairly and we’re concerned this price rise will hit many people already on poor-value tariffs. ... [Read full article on Guardian ]
Tuesday 1st of August 2017 06:50:36 AM
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....”. New investment in the UK was also at risk, he said, due to overseas companies facing questions about whether Britain will have new tariffs and bureaucratic customs barriers, and the “intangible” factor of whether they would feel welcome: “If you weren’t currently producing in the EU and you were looking to expand your presence into the EU, you probably wouldn’t come to the UK first and foremost. ... [Read full article on Guardian ]
Friday 4th of August 2017 04:01:06 PM
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.... Scottish Power, having ignored a year of emails from you, discovers that the national gas database still has the old imperial meter for the property registered. The database and Scottish Power have updated their records and you will be rebilled for the past 12 months on the cheapest tariff. ... [Read full article on Guardian ]
Thursday 17th of August 2017 06:00:00 AM
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.... In February this year, the company said: “The BMW group has always made clear that we believe integration of the UK into the EU single market, maintaining free movement of goods, services, capital and talent, would be best for business. What’s important for us is that the UK’s negotiations with the EU result in uncomplicated, tariff-free access to the EU single market in future. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 01:14:23 PM
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.... They’re not debating it in China and India. ” He went on: “The temptation is … to think we protect a workforce by regulation, a company by government subsidy, an industry by tariffs. ... [Read full article on Guardian ]
Friday 4th of August 2017 05:00:34 AM
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....One obvious trigger for the pricking of the Chinese credit bubble would be US trade sanctions. When he was a candidate for the White House, Trump pledged to get extremely tough with Beijing, threatening tariffs of up to 40% on Chinese imports into the US. ... [Read full article on Guardian ]
Sunday 13th of August 2017 11:00:12 AM
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....British motorists face a 10% rise in the cost of their annual car service and repair bills if the UK leaves the EU without a trade deal, an industry body has warned. The UK’s collective car repair bill could rise by more than £2bn due to tariffs and other barriers arising from a hard Brexit, according to a report published by the Society of Motor Manufacturers and Traders (SMMT), which assumes the UK is forced to fall back on World Trade Organisation (WTO) rules. ... [Read full article on Guardian ]
Sunday 30th of July 2017 11:01:32 PM
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....But explanatory briefings by government officials revealed that the government’s intention is for this interim phase to involve a new, temporary, customs union with the EU that would be substantially the same as now. The government paper said this would be a “new and time-limited customs union between the UK and EU customs union based on a shared external tariff and without customs processes and duties between the UK and the EU. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 11:31:05 AM
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....Piling on the misery, the bank described Britain’s economic prospects as “bleak” as it heads for what appears to be a calamitous exit from the EU, with Tory ministers unable to provide clarity on their vision for life outside the bloc. Theresa May, Philip Hammond, Boris Johnson, Chris Grayling, Liam Fox and Michael Gove have given contradictory statements about Conservative plans for trade, customs, tariffs, immigration, air control, a transition period and countless other facets of Britain’s divorce. ... [Read full article on Guardian ]
Friday 11th of August 2017 03:18:02 PM
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....Mark Jones, a food and drink solicitor at Gordons law firm, warned shrinkflation could intensify in the years ahead. “We will probably see a ‘double whammy’ after Brexit as inflation, labour shortages and tariffs could all mean pack sizes decrease and prices rise,” he said. ... [Read full article on Guardian ]
Monday 24th of July 2017 11:30:41 AM
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....Britain will have to tread a fine line between satisfying European import concerns and not ceding all control over food and agriculture regulation to Brussels, or preventing any trade deals with third-party countries that may want exemptions on products such as genetically modified crops or hormone-treated beef. The UK is expected to argue that for the purposes of health checks and customs tariffs much of the trade across the border is in effect local, not international, trade and should be exempted from controls that exist elsewhere in the EU in order to maintain borderless travel. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:27:16 PM
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.... This is a prediction of the completely mainstream Stolper-Samuelson theorem, first published three-quarters of a century ago. And why is there so little research devoted to analysis of alternatives to patent financing of prescription drug research? The markups associated with patent protection in the sector are equivalent to tariffs of many thousand percent. ... [Read full article on Guardian ]
Thursday 27th of July 2017 10:00:46 AM
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....It remains unclear when, how or even if Trump will challenge Beijing but reports suggest he could instruct his trade representative to launch a so-called “section 301” case. That would allow the US to unilaterally impose tariffs or other trade restrictions aimed at protecting US industries. ... [Read full article on Guardian ]
Monday 7th of August 2017 05:17:57 AM
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....3% in May 2016, a month before the referendum. Analysts are pointing to higher utility prices in July, following gas and electricity tariff hikes by EDF in late June, while food and furniture prices have risen steadily on the back of the fall in sterling. ... [Read full article on Guardian ]
Sunday 13th of August 2017 03:28:41 PM
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.... Instead it has resulted in a devaluation of the pound, making imports more expensive and the exporting of our food more attractive. If, as many fear, a bad deal is done for Britain, resulting in huge tariffs and penalties on trade, food price inflation is going to be in double digits for years to come. ... [Read full article on Guardian ]
Saturday 29th of July 2017 08:25:51 PM
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.... Even the Trump administration had to reconsider its plan to pull out of the North American Free Trade Agreement when it realised that a lot of US imports from Mexico have substantial US content. Erecting high tariff barriers might cost as many US jobs as Mexican. ... [Read full article on Guardian ]
Wednesday 2nd of August 2017 11:14:47 AM
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....On trade, there is good news and bad news. The good news is that the administration has not pursued radically protectionist policies, such as branding countries as currency manipulators, introducing across-the-board tariffs, or pushing for the border adjustment tax. ... [Read full article on Guardian ]
Friday 4th of August 2017 09:40:46 AM
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. The gap between the best and worst energy tariffs offered by the big six suppliers has widened by more than half since a round of price hikes over the winter. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:01:27 AM
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....Trump is expected to issue the order on Monday to determine whether to investigate Chinese trade practices that force US firms operating in China to turn over intellectual property, senior administration officials said on Saturday. The move, which could eventually lead to steep tariffs on Chinese goods, comes at a time when Trump has asked China to do more to crack down on North Korea’s nuclear missile programme as he threatens possible military action against Pyongyang. ... [Read full article on Guardian ]
Monday 14th of August 2017 05:44:36 AM
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.... But we will legislate if it comes to it,” the source said. The business secretary, Greg Clark, wrote to Ofgem in June asking it to safeguard “customers on the poorest value tariff”, appearing to soften on a Conservative manifesto pledge to introduce a cap on standard variable tariffs used by 17m homes. ... [Read full article on Guardian ]
Tuesday 1st of August 2017 07:19:42 PM
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.... It is cutting up to £19 off bills for 3 million customers with pre-payment meters. Ofgem says costs have fallen since its “safeguard” tariff was introduced in February. ... [Read full article on Guardian ]
Monday 7th of August 2017 06:03:45 PM
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....On future relations between the UK and the EU, he forecast that remaining in the customs union was an option because Theresa May’s remarks on this issues were “nuanced” in her Lancaster House speech. This is what Ireland will be pushing for, because that would also mean no tariffs on the €50bn annual trade between the republic and Britain, which includes sale in both directions of agrifood, pharmaceuticals and services. ... [Read full article on Guardian ]
Wednesday 2nd of August 2017 06:00:39 AM
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.... However, recent figures show that that share fell back in June, to 35%. Of the big six, SSE has the highest percentage of customers – 91% – on standard variable tariffs, the default rates that bill-payers move on to when cheaper, fixed, deals come to an end. ... [Read full article on Guardian ]
Thursday 20th of July 2017 05:28:01 PM
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....Two senior Labour figures, Keir Starmer and John McDonnell, have indicated they want to keep open the options of the UK staying in the single market and customs union in comments that appear to soften the party’s stance on Brexit. Starmer, the shadow Brexit secretary, stressed that the party’s objective was tariff-free access to the single market and no new red tape at the border for customs, as well as a deal that works for services as well as goods. ... [Read full article on Guardian ]
Thursday 27th of July 2017 10:49:04 AM
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.... Parent company Centrica signalled its move months ago and delayed implementation only because of the approach of the general election in May. Centrica was never going to allow its main dual fuel tariff to be notably cheaper than most of its rivals indefinitely. ... [Read full article on Guardian ]
Tuesday 1st of August 2017 07:12:54 PM
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.... . Dorothy had not changed tariff for a while, so it was likely that she was on the more expensive standard ones as well, a situation consumer organisations and the Government are actively trying to change by making people more aware of cheaper options. ... [Read full article on Daily Express ]
Monday 14th of August 2017 02:39:00 PM
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Latest Finance News related to Tariff

Metric meter and imperial bills leave Scottish Power confused image
Source : Guardian [Read Article] Thursday 17th of August 2017 06:00:00 AM
.... Scottish Power, having ignored a year of emails from you, discovers that the national gas database still has the old imperial meter for the property registered. The database and Scottish Power have updated their records and you will be rebilled for the past 12 months on the cheapest tariff. ...
UK to seek Irish border waivers on customs and food safety after Brexit image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:27:16 PM
....Britain will have to tread a fine line between satisfying European import concerns and not ceding all control over food and agriculture regulation to Brussels, or preventing any trade deals with third-party countries that may want exemptions on products such as genetically modified crops or hormone-treated beef. The UK is expected to argue that for the purposes of health checks and customs tariffs much of the trade across the border is in effect local, not international, trade and should be exempted from controls that exist elsewhere in the EU in order to maintain borderless travel. ...
Broadband deals: Stop overpaying for internet contracts image
Source : Daily Express [Read Article] Wednesday 16th of August 2017 09:20:00 AM
....Ewan Taylor-Gibson, telecoms expert at uSwitch. com, says many homes also face creeping line rental costs on top of "eye-watering" out-of-contract price hikes: "The good news is you do not have to put up with it and can get a cheaper broadband tariff. ...
UK will 'mirror' much of EU customs system for Brexit, plans reveal image
Source : Guardian [Read Article] Tuesday 15th of August 2017 11:31:05 AM
....But explanatory briefings by government officials revealed that the government’s intention is for this interim phase to involve a new, temporary, customs union with the EU that would be substantially the same as now. The government paper said this would be a “new and time-limited customs union between the UK and EU customs union based on a shared external tariff and without customs processes and duties between the UK and the EU. ...
ENERGY customer delivered into safe hands after dire billing muddle  image
Source : Daily Express [Read Article] Monday 14th of August 2017 02:39:00 PM
.... . Dorothy had not changed tariff for a while, so it was likely that she was on the more expensive standard ones as well, a situation consumer organisations and the Government are actively trying to change by making people more aware of cheaper options. ...
Trump trade investigation will 'poison' relations with China, media warns image
....Trump is expected to issue the order on Monday to determine whether to investigate Chinese trade practices that force US firms operating in China to turn over intellectual property, senior administration officials said on Saturday. The move, which could eventually lead to steep tariffs on Chinese goods, comes at a time when Trump has asked China to do more to crack down on North Korea’s nuclear missile programme as he threatens possible military action against Pyongyang. ...
How Trump v Kim can wreck the world economy without a shot being fired | Larry Elliott image
....One obvious trigger for the pricking of the Chinese credit bubble would be US trade sanctions. When he was a candidate for the White House, Trump pledged to get extremely tough with Beijing, threatening tariffs of up to 40% on Chinese imports into the US. ...
Should homeowners warm to EDF Energy’s free solar panel system? image
Source : Guardian [Read Article] Saturday 12th of August 2017 06:00:37 AM
.... If you are accepted, the company will install the largest solar panel system the roof can take – a 16-panel setup will generate 4kW – plus an LG storage battery that lets you use the power that’s generated during the day in the evening. In return, EDF gets to keep the feed-in tariff paid by the government, which is worth about £150 a year. ...
Brexit pain for holidaymakers as pound expected to fall further against euro image
....Piling on the misery, the bank described Britain’s economic prospects as “bleak” as it heads for what appears to be a calamitous exit from the EU, with Tory ministers unable to provide clarity on their vision for life outside the bloc. Theresa May, Philip Hammond, Boris Johnson, Chris Grayling, Liam Fox and Michael Gove have given contradictory statements about Conservative plans for trade, customs, tariffs, immigration, air control, a transition period and countless other facets of Britain’s divorce. ...
Trump challenging China on trade would spark 'very aggressive' response, expert predicts image
....It remains unclear when, how or even if Trump will challenge Beijing but reports suggest he could instruct his trade representative to launch a so-called “section 301” case. That would allow the US to unilaterally impose tariffs or other trade restrictions aimed at protecting US industries. ...
UK car industry facing an 'utterly demoralising' Brexit image
Source : Guardian [Read Article] Friday 4th of August 2017 04:01:06 PM
....”. New investment in the UK was also at risk, he said, due to overseas companies facing questions about whether Britain will have new tariffs and bureaucratic customs barriers, and the “intangible” factor of whether they would feel welcome: “If you weren’t currently producing in the EU and you were looking to expand your presence into the EU, you probably wouldn’t come to the UK first and foremost. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
....On trade, there is good news and bad news. The good news is that the administration has not pursued radically protectionist policies, such as branding countries as currency manipulators, introducing across-the-board tariffs, or pushing for the border adjustment tax. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
Populist trade policies won’t protect jobs anywhere in the world | Kenneth Rogoff image
.... Even the Trump administration had to reconsider its plan to pull out of the North American Free Trade Agreement when it realised that a lot of US imports from Mexico have substantial US content. Erecting high tariff barriers might cost as many US jobs as Mexican. ...
Ireland's departing UK ambassador shares 'sadness' over Brexit image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 06:00:39 AM
....On future relations between the UK and the EU, he forecast that remaining in the customs union was an option because Theresa May’s remarks on this issues were “nuanced” in her Lancaster House speech. This is what Ireland will be pushing for, because that would also mean no tariffs on the €50bn annual trade between the republic and Britain, which includes sale in both directions of agrifood, pharmaceuticals and services. ...
Price cap still possible, government warns energy companies image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:19:42 PM
.... But we will legislate if it comes to it,” the source said. The business secretary, Greg Clark, wrote to Ofgem in June asking it to safeguard “customers on the poorest value tariff”, appearing to soften on a Conservative manifesto pledge to introduce a cap on standard variable tariffs used by 17m homes. ...
Angry at British Gas price hike? Save your fury for the government image
Source : Guardian [Read Article] Tuesday 1st of August 2017 07:12:54 PM
.... Parent company Centrica signalled its move months ago and delayed implementation only because of the approach of the general election in May. Centrica was never going to allow its main dual fuel tariff to be notably cheaper than most of its rivals indefinitely. ...
British Gas price rise: The cheapest gas and electricity bills to switch and save £300 image
....Families will see bills surge by an average of £76 when British Gas electricity prices are hiked from September 15, 2017. Households on British Gas’ standard tariff will a typical £1,120 a year from September, according to MoneySavingExpert. ...
British Gas raises electricity prices by 12.5% image
Source : Guardian [Read Article] Tuesday 1st of August 2017 06:50:36 AM
....Ministers expressed concern about the rise, which they said should not be blamed on government policy, and said they were not ruling out future steps to “increase fairness for customers”. A spokesperson for the Department for Business, Energy and Industrial Strategy (BEIS) said: “Energy firms should treat all their customers fairly and we’re concerned this price rise will hit many people already on poor-value tariffs. ...
British motorists 'face 10% rise in car repair bills after hard Brexit' image
....British motorists face a 10% rise in the cost of their annual car service and repair bills if the UK leaves the EU without a trade deal, an industry body has warned. The UK’s collective car repair bill could rise by more than £2bn due to tariffs and other barriers arising from a hard Brexit, according to a report published by the Society of Motor Manufacturers and Traders (SMMT), which assumes the UK is forced to fall back on World Trade Organisation (WTO) rules. ...
Brexit border chaos will cause huge delays and cost £1bn a year, says report image
....The Oxera report warns that past delays in building the new lorry parks risk motorway tailbacks in Kent. It says that the impact of delays and checks, known as “non-tariff barriers”, risks forcing companies to move supply chains into the EU. ...
Saving Britain’s food supply: a manifesto to keep food on the table image
Source : Guardian [Read Article] Saturday 29th of July 2017 08:25:51 PM
.... Instead it has resulted in a devaluation of the pound, making imports more expensive and the exporting of our food more attractive. If, as many fear, a bad deal is done for Britain, resulting in huge tariffs and penalties on trade, food price inflation is going to be in double digits for years to come. ...
Labour softens stance on staying in single market after Brexit image
Source : Guardian [Read Article] Thursday 27th of July 2017 10:49:04 AM
....Two senior Labour figures, Keir Starmer and John McDonnell, have indicated they want to keep open the options of the UK staying in the single market and customs union in comments that appear to soften the party’s stance on Brexit. Starmer, the shadow Brexit secretary, stressed that the party’s objective was tariff-free access to the single market and no new red tape at the border for customs, as well as a deal that works for services as well as goods. ...
How about a little accountability for economists when they mess up? | Dean Baker image
.... This is a prediction of the completely mainstream Stolper-Samuelson theorem, first published three-quarters of a century ago. And why is there so little research devoted to analysis of alternatives to patent financing of prescription drug research? The markups associated with patent protection in the sector are equivalent to tariffs of many thousand percent. ...
BMW pledges to build new e-Mini at UK car plant image
Source : Guardian [Read Article] Tuesday 25th of July 2017 01:14:23 PM
.... In February this year, the company said: “The BMW group has always made clear that we believe integration of the UK into the EU single market, maintaining free movement of goods, services, capital and talent, would be best for business. What’s important for us is that the UK’s negotiations with the EU result in uncomplicated, tariff-free access to the EU single market in future. ...
Shrinking sweets? 'You're not imagining it,' ONS tells shoppers image
Source : Guardian [Read Article] Monday 24th of July 2017 11:30:41 AM
....Mark Jones, a food and drink solicitor at Gordons law firm, warned shrinkflation could intensify in the years ahead. “We will probably see a ‘double whammy’ after Brexit as inflation, labour shortages and tariffs could all mean pack sizes decrease and prices rise,” he said. ...
Price gap between best and worst energy tariffs widens to £109 on average image
. The gap between the best and worst energy tariffs offered by the big six suppliers has widened by more than half since a round of price hikes over the winter. ...
SSE loses 230,000 customers in 'highly competitive' UK market image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:28:01 PM
.... However, recent figures show that that share fell back in June, to 35%. Of the big six, SSE has the highest percentage of customers – 91% – on standard variable tariffs, the default rates that bill-payers move on to when cheaper, fixed, deals come to an end. ...
Who should pay for multiple errors on Travel Trolley flight tickets? image
Source : Guardian [Read Article] Wednesday 19th of July 2017 06:00:12 AM
....You reckon you’ve spent the best part of two hours trying to correct its corrections, which means your request is too modest. According to Travel Trolleys’s in-house tariffs you would be due more than £1,500 for your time. ...
UK 'sleepwalking' into food insecurity after Brexit, academics say image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....But, Hammond insisted, the cabinet was now “coming much closer together” on EU issues. The food report notes that with the UK importing 80% of its fresh vegetables and 40% of fresh fruit, a falling pound, and potential tariffs and costs from customs delays there could be significant price rises, the report said. ...
Irish business seeks €1bn in EU aid to protect firms hit by Brexit image
Source : Guardian [Read Article] Wednesday 12th of July 2017 05:40:20 PM
....“In the case of a fraught exit, funds amounting to up to €1bn over three years may be needed from domestic and EU sources to help Irish companies innovate, diversify into new markets, train staff and invest for the future,” said McCoy. The Irish agri-food sector is concerned about the prospect of tariffs which, for beef and dairy, are among the highest imposed under World Trade Organisation rules. ...
Big Six energy companies switch: Leave pricey legacy tariffs behind image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 10:31:00 AM
....Millions of households who have stayed loyal to the Big Six energy companies are being charged hundreds of pounds over the odds for gas and electricity as a result. That is because like many companies, the energy giants use their best rates to win business from rivals, while leaving longstanding customers on pricey legacy tariffs. ...
Lloyds Bank brings in single overdraft rate in radical shake-up image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:01:08 PM
....co. uk said: “This is a fairly radical move by Lloyds and will be welcomed by customers who have in the past been hit with by the costly unauthorised charges under the bank’s existing tariff. ...
Driver complaints about car park fine policies hit unprecedented levels image
.... Motorists assume that they have until the time stamped on the ticket, when they might have already unwittingly used up 10 minutes of their paid time finding a space. In order to use the system accurately, drivers are supposed to calculate how much time they want, including the time already spent inside the car park, which means they have to check the time they crossed the threshold and pay for an additional hour if it takes them over the tariff chosen. ...
Brexit breaks breakfast? Hard Brexit could mean hard luck for fry-up fans image
.... Meanwhile wage growth is weak, intensifying the squeeze on household finances. “WTO tariffs could have a significant impact on both consumers and retailers alike – totting up consumer price tags and further squeezing retail margins,” said Bob Jones, director at the accountancy firm. ...
The UK economy must take a long, hard look at itself | Larry Elliott image
....In the 1970s, both left and right were agreed that the economy required fundamental changes. The Conservatives had Thatcherism, a blast of the free market designed to shake Britain out of what was seen as corporatist complacency; Labour had the Alternative Economic Strategy built around nationalisation, planning agreements between state and industry, and reflation behind tariff walls. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
....However, it has also been suggested that many people who sign up for the company’s gas and electricity are paying more than they need to. Just a few months ago, Ofgem revealed that 94% of Utility Warehouse’s energy customers were sitting on standard variable tariffs, which the energy watchdog says are “usually more expensive than other deals”. ...
People want a 'sensible Brexit', says Philip Hammond image
Source : Guardian [Read Article] Friday 7th of July 2017 04:26:44 PM
....Fox also dismissed warnings from the EU’s chief Brexit negotiator, Michel Barnier, that leaving the single market and customs union would carry consequences. “We’re going into an arrangement with the EU already with zero tariffs, we’re going there with complete regulatory equivalence and with customs systems that already work,” he said. ...
UK business leaders to call for indefinite delay in leaving single market image
....”. In a preview speech to the London School of Economics on Thursday, Fairbairn added: “The prospect of multiple cliff edges – in tariffs, red tape and regulation – is already casting a long shadow over business decisions. ...
Jeremy Corbyn: UK firms must pay more tax to fund better education image
Source : Guardian [Read Article] Thursday 6th of July 2017 11:20:27 AM
....“I don’t see a future for this country of being a sort of low-tax haven on the shores of Europe. I see the future of this country as one that has a close partnership with the European Union, a tariff-free trade access to Europe and a similarity in taxation levels. ...
Japan and EU expected to sign trade deal on Thursday image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:46:17 AM
....Following the Brexit vote, Theresa May has vowed to leave the customs union, meaning British exporters are unlikely to see any benefits from the EU deal. The deal means Japan will drop tariffs on many valuable European imports, including chocolate, pasta and some types of cheese. ...
Hinkley Point C: the government should start planning alternatives | Nils Pratley image
.... It won’t be closed by a few steps. Ofgem’s proposed “safeguard tariff” is modest and targeted, probably at households that qualify for warm home discounts. ...
New energy price cap considered image
Source : BBC [Read Article] Monday 3rd of July 2017 01:04:50 PM
....The proposals come after a much wider cap in the Conservative manifesto was absent from the Queen's Speech. The manifesto had suggested the energy market was not working for consumers and, in a widely-debated move, suggested a tariff cap to protect 17 million people paying standard rates. ...
Millions betrayed by Tories’ energy price cap U-turn, says Labour image
....Theresa May had pledged a price cap on energy bills for 17m families during the general election campaign, but the policy was missing from the Queen’s speech. Instead, the business secretary, Greg Clark, wrote to the energy regulator asking it to safeguard “customers on the poorest value tariffs”. ...
Brexit: British officials drop 'cake and eat it' approach to negotiations image
....Though full EEA-style participation in the single market is seen as politically toxic due to its requirement to accept freedom of movement, pressure is building in Whitehall for a rethink of opposition to a customs union with the EU. This would satisfy many business leaders, who are clamouring for ways to avoid trapping manufacturers behind an inflexible tariff wall but possibly still allow new international trade deals to be pursued in the service sector. ...
Hard Brexit has been confounded by some harder realities image
Source : Guardian [Read Article] Sunday 2nd of July 2017 06:00:21 AM
....The evidence for concern about Brexit-induced potential loss of trading and investment opportunities is accumulating thick and fast. I was particularly struck by Unwin’s point that, if the UK is forced to follow the hard Brexiters’ path towards dependence on World Trade Organisation rules, “it will find itself subject to substantial tariffs on its exports to and imports from the EU and possibly no deal for finance and services at all”. ...
Rolls-Royce vows to protect 7,000 jobs with £150m investment image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:04:16 AM
....“It is a good day for British manufacturing that must not be undone by a botched Brexit. “The government must now play its part by pursuing a ‘jobs first’ Brexit and securing tariff-free access to the single market and customs union. ...
Smart meter rollout could force household bills to rise, says supplier image
....However, the entire cost is not expected to be passed on to consumers. When five of the big six did increase their tariffs in the first four months, several blamed smart meters. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
....Mike Hawes, the boss of the carmakers’ lobbying organisation, said last week that without the promise from Theresa May of interim arrangements to fall back on when talks on a deal conclude in 2019, firms would look overseas for expansion, not to the UK. Hawes has long argued for a deal that keeps tariffs low and regulations in harmony to favour trade. ...
Is your smart meter spying on you? image
Source : Guardian [Read Article] Saturday 24th of June 2017 06:00:00 AM
.... A smart meter bill introduced in this week’s Queen’s speech also says there would be new “powers to make changes to smart meter regulations”. It’s not even clear if smart meters will result in more transparent or cheaper tariffs, with some warning it is turning into an £11bn white elephant. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....“A no-deal Brexit would be devastating for jobs and the UK economy – and after the election result, the prime minister has no mandate for it. “A good Brexit deal for working people means tariff-free and barrier-free trade with Europe. ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
....Millions of people are unlikely to see their energy bills capped after Theresa May appeared to make a U-turn on one of her flagship election promises – to the delight of big energy companies. The prime minister had pledged to cap bills for 17 million families on the worst-value energy tariffs, but the plan was missing from the Queen’s speech and No 10 would not confirm a cap would go ahead. ...
Carmakers call for interim Brexit deal or risk falling off 'cliff edge' image
....The Society of Motor Manufacturers and Traders told the government on Tuesday it was time to be pragmatic and honest about what could be achieved and secure an interim agreement in Brexit negotiations. Otherwise Britain could face a “cliff-edge” in 20 months that would be the “worst foreseeable outcome for the sector” and possibly mean tariffs. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....However, there is a possibility that the government will bow to pressure from ministers by introducing a watered-down “relative” cap. A relative price cap would see the most expensive deals from a supplier pegged at no more than a certain percentage above the cheapest tariff offered by that company. ...
UK business groups plead for economy to be put first in Brexit talks image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:38:33 PM
.... A deal that supports growth will allow companies to hire more people, raise living standards and improve lives across the country,” it adds. The five – which claim to represent hundreds of thousands of businesses that employ a combined workforce of millions of people – want the final Brexit deal to ensure the tariff-free trade of goods between the UK and the EU; minimal customs formalities at the land, sea and air borders between the two; and a flexible system for the movement of labour and skills “that enjoys public support”. ...
Should you join the charge and buy an electric car? image
Source : Guardian [Read Article] Saturday 17th of June 2017 06:00:30 AM
....When you consider that someone who uses their car to commute each day could easily be spending £70 on petrol a month, the green option is starting to look as good for your wallet as for the environment. The cost of an overnight charge that delivers a typical 100 miles of driving is about £3-£4 depending on your electricity tariff. ...
SSE boss gets 72% pay rise weeks after arguing against cap on bills image
Source : Guardian [Read Article] Friday 16th of June 2017 05:24:56 PM
....9% in the financial year 2016-17. Among the big six suppliers, SSE has the highest proportion of customers (91%) on standard variable tariffs, the default energy deals that the Conservatives have promised to cap. ...
Theresa May is warned: don't break election vow on energy price cap image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:33:11 PM
....”. The former minister favours a relative price cap, whereby an energy supplier’s most expensive tariff is pegged at a certain percentage above the cheapest one. ...
Bad EU trade deal 'disastrous' for UK jobs, investment and growth image
Source : Guardian [Read Article] Monday 12th of June 2017 01:07:11 PM
....Companies said they wanted to remain in the single market or customs union, and if this was unachievable they wanted an agreement that made trade as frictionless as possible. The prospect of reverting to WTO standards, which the government has suggested by saying that no deal is better than a bad deal, was of concern to many who feared a sharp increase in tariffs. ...
General Election 2017: May would revive Board of Trade image
Source : BBC [Read Article] Monday 5th of June 2017 11:01:39 PM
.... . Mrs May, who plans to take Britain out of the European Union's tariff-free single market, has said Brexit will allow Britain to seek bilateral trade deals with "old friends and new allies". ...
Hopes of EU-US trade agreement put on ice, say Brussels sources image
Source : Guardian [Read Article] Monday 5th of June 2017 10:46:08 PM
.... According to the Times, Angela Merkel, the German chancellor, had convinced Trump that talks on a US-EU agreement would be simpler than he thought. This had led to a “realisation” that a trade deal with the EU – allowing the tariff-free exchange of services and goods – would be more important to US interests than a post-Brexit deal with Theresa May, it was reported. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
.... He also wants more government contracts, having supplied 35 miles of track for the Crossrail project from British Steel’s sizeable rail business. And Junck has a stark warning for anyone prepared to let the UK fall back on World Trade Organisation tariffs rather than sign a trade deal on EU terms. ...
UK car production falls at fastest rate in more than two​-​and​-​a​-​half years image
....The drop in car production echoed the trend in new car sales, which fell 20% in April compared with a year earlier, as government cuts to subsidies for green cars and a rise in prices hit demand. The UK car industry backed the remain camp in the run-up to the EU referendum and SMMT members are fearful about possible tariffs being imposed on parts imported from the EU after Brexit. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
.... . The agreement - which came into effect between the US, Canada and Mexico in 1994 - created one of the world's largest free trade zones by reducing or eliminating tariffs on most products. ...
Big energy firms lobby Theresa May to water down price cap pledge image
Source : Guardian [Read Article] Monday 22nd of May 2017 03:23:19 PM
. Energy companies are lobbying the Conservative party to water down its policy of a price cap on bills, with proposals that would protect millions fewer UK households from tariff rises. ...
Ikea seeks to make more products in UK to fend off post-Brexit vote price rises image
....“Currency is our biggest challenge,” she said, referring to the fall in value of the pound against the euro and the dollar, which despite recent fluctuations, is down by between 10% and 12% since the EU referendum. The lower value of the pound has made it more expensive to import goods while potential tariffs once the UK exits the EU formally could also adds to costs. ...
Thank you EU for banning rip-off mobile roaming charges from 15 June image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
.... Along with most other providers, you’ll still pay to roam in Serbia and Montenegro. Check your contract as those on recent tariffs get better roaming deals outside Europe. ...
National Grid boss says Labour plan will stall green energy drive image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:00:40 PM
....Separately, investors in two of the UK’s biggest energy companies appear to have shrugged off the impact of Theresa May’s price cap on the energy bills. The share price of British Gas owner Centrica was up by 2% and SSE was up 1% on Thursday after the Tory manifesto included only a woolly promise to protect “more customers on the poorest-value tariffs”, compared with the 17m households the party had pledged before. ...
Trump pulls trigger on Nafta negotiations image
Source : BBC [Read Article] Thursday 18th of May 2017 04:43:32 PM
.... . He has also slapped tariffs on Canadian lumber and took to Twitter to talk about Canadian pricing of dairy products. ...
Anything to declare? image
Source : BBC [Read Article] Wednesday 17th of May 2017 11:01:47 PM
....". Where things get more complicated is the issue of export and import tariffs, which vary greatly from country to country. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
....87bn last year. Yet the £389m of profit from supply, where most of the customers are on standard variable tariffs, looks dangerously exposed to government intervention. ...
SSE warns of 'consequences' of price cap image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:17:10 AM
...."Big six" energy company SSE has said that there are "challenges" ahead including the threat of a price cap in the next Parliament. It has warned about the "unintended consequences" of a price cap on standard variable tariffs proposed by the Conservatives. ...
EU countries to decide on Singapore trade deal image
Source : BBC [Read Article] Tuesday 16th of May 2017 09:52:08 AM
....The Commission champions free trade, including freedom of movement. Free trade deals, supporters say, open doors for businesses and create jobs by scrapping tariffs and protectionist barriers. ...
We wouldn’t need price caps if the Tories hadn’t cut energy-saving schemes image
....Yet amid the furore, and the debate over how low a cap would be set, how long it would last and whether it would really end what Theresa May described as “rip-off energy prices”, the real solution barely warranted a mention. The problem with price caps is that they are – like switching to tariffs that eventually come to an end – a short-term sticking plaster. ...
Five-minute guide to Tory's manifesto pledge on fuel image
Source : Daily Express [Read Article] Sunday 14th of May 2017 12:01:00 AM
....com. Director Jesper With-Fogstrup says energy customers on standard variable tariffs have faced a series of price hikes in recent years. ...
US and China sign trade agreement image
Source : BBC [Read Article] Friday 12th of May 2017 07:40:22 AM
....The agreement is seen as an indication that US President Donald Trump is adopting a less confrontational approach with Beijing than he promised during last year's election campaign. Mr Trump had threatened to label China a "currency manipulator" and impose trade tariffs on its goods, but has since softened his position. ...
France's Engie aims to restore trust in energy firms with tracker tariff image
. A French power company has promised to restore trust in the energy market with a new tracker tariff linked to wholesale prices, days after big suppliers were found to be making record profit margins from their customers. ...

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