Investors looking towards gas market
With the short to medium term direction of the worldwide economy unclear to say the least, more and more investors are now looking towards the gas market which has seen prices soar by 65% over the last month. Today's announcement by Ofgem has also placed more focus upon the UK gas market with a suggestion that £200 billion will need to be raised from the energy market in order that the UK is able to meet carbon emission targets.
As a consequence it would seem that the energy market could be a very lucrative area of investment in the medium to longer term, with the UK energy sector having to import more and more gas and other energy supplies. This is turning into something of a nightmare for both the UK government and UK consumers after the UK government initially tried to apply pressure to energy companies only to reveal further down the line that it was behind the £200 billion carbon emission requirement.
This has now given energy companies the perfect excuse to raise prices consistently over the coming years, placing more and more pressure on UK consumers, UK businesses and the UK economy. Where this will all end nobody knows!
Share this..
Related stories
Childcare changes leave providers at “breaking point”
02/06/2015 Childcare providers in England have claimed that the system is at “breaking point” thanks to plans to double the amount for free provision for three and four year olds. Childcare providers are under massive pressure as the current allowance of 570 hours a year for three and four-year-olds is set to be doubled for working parents. Trailing this system has now been brought forwa...
Read MoreMaking the most of your tax-free investment vehicles
While the UK government's budget received significant criticism after the initial excitement died down it is worth remembering that the amount which you can invest into Individual Savings Accounts (ISAs) has been increased from £7,200 to £10,200. For those in a position to look longer term with regards their investments and their savings the option to place more of your assets under a tax-free "...
Read MoreBusiness confidence 'at record high'
Optimism levels among UK firms are at their highest in 15 years, a new survey has claimed.The balance of businesses reporting high levels of confidence versus a more pessimistic outlook during the last six months stands at plus 41 per cent, Lloyds TSB claims.According to the bank, in the half-year since January the same proportion of firms said that sales had increased.In Lloyds TSB Corporate Mark...
Read MoreLord Mandelson set to make his mark with tax cuts?
While the return of Peter Mandelson to the government fold has created a lot of unwanted headlines over the last few days it seems as though the new business minister is set to come to the aid of the UK business sector. He has promised help in the form of tax reductions until the economy improves, but is this all spin or is there real substance?
If ever there was an expert at spin...
Supermarkets gear up for Christmas battle
It has been revealed that Asda and Tesco have reduced the price of unleaded petrol and diesel by three pence a litre in the run-up to Christmas. While the companies remain adamant that all they are doing is passing on recent oil price reductions the fact remains that the Christmas period is one of the more vital for the UK retail sector and everybody is fighting tooth and nail to grab the attentio...
Read More