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Petrol set to hit £1.40 a litre this summer… but if it had matched inflation over the last 20 years it would be just 83p →  January 7, 2012

Bad news: Experts have warned that petrol could cost £1.40 a litre by the end of summer Petrol could cost £1.40 a litre by the end of summer, experts warned yesterday. If prices at the pumps had merely matched inflation over the last 20 years, a litre of unleaded would cost an average of just 83.32p […]

Commuters Hit By Storms And Rail Fare Hikes →  January 3, 2012

Stormy weather and rail fare increases have made it an unhappy start to the new year for many travellers across the country. Large parts of the UK are being battered by winds of up to 100mph and heavy rain. As commuters return to work and some children head back to school the Met Office has […]

→  December 31, 2011

To view this content you need Flash and Javascript enabled in your browser. Please download Flash from the Adobe download website. 10:59am UK, Saturday December 31, 2011 Labour has accused the Prime Minister of rewarding “his friends in the City” after a hedge fund manager whose company made millions betting on the failure of Northern […]

→  December 26, 2011

Over 700 people queue at 6.30am to snap up bargains at Westfield shopping centre in Stratford, east London Hundreds of shoppers also flood to Oxford Street, London, before 7am By Sean Poulter Last updated at 11:36 AM on 26th December 2011 Shoppers have been racing through the doors as they try to snatch up armfuls […]

→  December 5, 2011

European Union governments may see the bloc’s carbon market as a way to raise cash, said Goldman Sachs Group Inc. (GS) “The EU emissions trading system could offer another opportunity for governments across Europe to raise funds, and at the same time bolster their own green credentials,” Fred Barasi, an analyst in London, said yesterday […]

Iran TV: US Spy Drone Shot Down By Military →  December 4, 2011

The drone was reportedly downed near the eastern border with Afghanistan and Pakistan 4:33pm UK, Sunday December 04, 2011 Iran’s military has shot down an unmanned US aircraft over the east of the country, state TV has reported. “Iran’s military has downed an intruding RQ-170 American drone in eastern Iran,” Iran’s Arabic-language Al Alam state […]

It’s time for a carbon floor price-Gerard Wynn →  November 24, 2011

LONDON, Nov 24 (Reuters) – The European Union’s emissions trading scheme now needs rescuing, but only on new terms which better address its main aims and eradicate some of its failings, using a price floor. Click “Like” to read the full article. The EU carbon market is now irrelevant as an environmental policy but a price floor […]

Matthew Sinclair: This flawed carbon tax will hinder recovery →  November 19, 2011

There often seems to be an endless tide of bad news about the state of the economy these days. Inflation is high, growth is recovering slowly from the credit crunch and a debt crisis is enveloping eurozone economies like Greece and Italy. It’s enough to make you forget that Britain is still home to innovative, […]

Chinese airlines to sue EU over carbon price →  November 10, 2011

Air China and three other major Chinese carriers are planning to jointly sue the European Union for its plan to charge airlines for carbon emissions, a senior official with the country’s industry group said yesterday. Under the EU’s proposals to put a price on pollution, airlines will have to buy permits to help offset greenhouse […]

Australia passes landmark carbon price laws →  November 8, 2011

By James Grubel CANBERRA | Tue Nov 8, 2011 5:32am EST CANBERRA (Reuters) – Australia passed landmark laws on Tuesday to impose a price on carbon emissions in one of the biggest economic reforms in a decade and injecting new impetus into December’s global climate talks in South Africa.   Tuesday’s vote in the upper […]