Britain could rely on US LNG for 60% of gas by 2035, prompting calls to boost North Sea production to strengthen energy security. Read more: UK warned it will rely on US gas as calls grow to boost North Sea output
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UK firms invest less than most G7 peers, with high energy costs and low capital intensity holding back productivity and growth, says IPPR. Read more: UK business investment lags G7 rivals as energy costs bite
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Rising fuel prices risk pushing UK small businesses to collapse, with campaigners urging Rachel Reeves to cut fuel duty and reform pricing. Read more: Fuel price crisis risks pushing small firms to brink as pressure mounts on chancellor
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Sir Jim Ratcliffe’s Ineos reports $593m loss and skips dividend as energy volatility and Middle East tensions drive up costs and risks. Read more: Ineos losses widen to $593m as Ratcliffe halts dividend amid energy turmoil
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UK businesses are more financially vulnerable than before the Ukraine war, with rising energy costs and interest rates increasing corporate distress. Read more: UK firms enter new energy crisis weaker than in 2022, distress index warns
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Over 2,000 North Sea jobs are set to be saved after HMRC drops its challenge to Petrofac’s restructuring deal, clearing the way for a sale to CB&I. Read more: North Sea jobs safeguarded as HMRC drops challenge to Petrofac rescue deal
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ScottishPower secures £600m from the National Wealth Fund for Eastern Green Link 4, a 2GW subsea cable boosting UK energy security and clean power capacity. Read more: ScottishPower secures £600m backing for major UK subsea power link
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UK inflation remained at 3% in February, but rising oil prices from the Iran conflict are expected to push inflation higher later this year. Read more: UK inflation holds at 3% ahead of expected post-war price surge
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BlackRock CEO Larry Fink warns oil at $150 could trigger a global recession, as energy costs, inflation and geopolitical risks reshape the economic outlook. Read more: Blackrock chief warns $150 oil could trigger global recession
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UK factory costs have risen at their fastest pace since 1992 as energy prices spike, with PMI data showing growth slowing sharply and inflation risks mounting. Read more: UK factory costs surge at fastest rate since black wednesday amid energy shock
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