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Tuesday newspaper round-up: Energy price cap, Palantir, Newport Wafer Fab

Tue 21 Jun 2022 08:14

(Sharecast News) - The energy price cap could reach nearly £3,000 in the Britain at the beginning of October, with the planned increase possibly being more than £1,000 according to a new forecast. It is expected to rise to £2,980.63 for the next period, which runs between October and December, after another spike in wholesale demand prices last week. - Guardian For a company tipped to provide the NHS's new overarching data platform, it is appropriate that Palantir Technologies is named after an all-seeing orb. Palantir, which draws its name from the powerful crystal balls deployed in JRR Tolkien's The Lord of the Rings, is the favourite to win a £360m contract for the NHS's Federated Data Platform (FDP). Covering everything from individual patients' data to vaccination programmes, waiting lists and medical trials, the FDP will aggregate data from multiple sources and different formats on to a single platform. - Guardian

The Bank of England must prop up the pound with a rapid increase in interest rates or risk a further surge in inflation, a senior policymaker has warned. Catherine Mann, a member of the Bank's rate-setting Monetary Policy Committee (MPC), said that Britain is falling behind the US after the Federal Reserve embarked on a vigorous round of rate increases. - Telegraph

The Government could be forced to pay a compensation bill as big as the entire defence budget if a legal challenge launched today over the rejigging of the retail prices index succeeds. Analysts estimate that the Treasury could in theory be forced to pay compensation of as much as £40 billion to holders of index-linked government bonds tied to the RPI if the Government loses. - The Times

The owner of Britain's largest microchip manufacturer has rejected suggestions that it is controlled by China. The takeover of Newport Wafer Fab by Nexperia, a subsidiary of the Chinese smartphone maker Wingtech Technology, is the subject of a national security investigation which could potentially lead to the £63 million takeover being unwound. - The Times

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Thu 20 Aug 2026 07:17
Thursday newspaper round-up: US debt, Oxfam, Mark Zuckerberg, KPMG
(Sharecast News) - US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade. The treasury's latest debt balance showed $40.047tn on Tuesday afternoon, the highest in US history. The milestone marks years of government spending that grew under both Donald Trump and Joe Biden. During his first term, Trump approved $8.4tn worth of debt, with a huge chunk going to Covid-19 relief spending, while Biden approved $4.3tn worth of debt, according to the Committee for a Responsible Federal Budget. - Guardian
Wed 19 Aug 2026 07:19
Wednesday newspaper round-up: OpenAI, tariffs, Thames Water, Land Securities
(Sharecast News) - The UK is vulnerable to food price shocks because of its dependence on imports of fruit and vegetable from countries even more exposed to the climate crisis, researchers say. Much of Britain has sweltered under a record five heatwaves this year and endured drought and wildfires, with the hot, dry conditions damaging crops and reducing yields of domestic produce. However, the UK relies on countries under even greater climate pressure for supplies of some of its most popular fresh foods, according to a report from the Food Foundation charity published on Wednesday. - Guardian
Tue 18 Aug 2026 07:18
Tuesday newspaper round-up: Government borrowing costs, US tech crash, civil servants
(Sharecast News) - Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday as investors feared the Middle East crisis would keep inflation persistently high. Concerns over rising prices and government spending pushed up the cost of debt issued by Paris, Berlin, Washington DC, Tokyo and London as investors fretted that rising prices would push up interest rates. The yield, or interest rate, on 30-year French bonds rose to its highest level since September 2008 at 4.8558%, up one basis point (0.01 percentage point), LSEG data showed. - Guardian
Mon 17 Aug 2026 07:22
Monday newspaper round-up: Water companies, asking prices, legal industry
(Sharecast News) - Water companies could be allowed to raise bills for customers during periods of drought under proposals being considered by the sector's regulator for England and Wales. Suppliers would be permitted to factor "water scarcity" into bills as part of efforts to reduce consumption under Ofwat's plans, which are being likened to surge pricing - the practice where private hire firms raise taxi fares at times of higher demand. - Guardian

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