Rapid build-up of tankers and laden vessels at blocked Suez Canal as alternatives are limited March 25, 2021 Overnight on Tuesday, the container Ship Ever Given ran aground in the southern part of the Suez Canal, a rare event in the history of the waterway. The potential for a rapid build-up of liquid and gas tankers in the region is marked with multiple laden vessels now indicating major delays for their Suez transit. As of this morning [...]
Over half of households now commuting to work again March 25, 2021 More than half of all households could now be travelling to work again, analysis of their daily energy usage shows. According to challenger energy brand Bulb, about 54 per cent of households are now commuting into work, up 13 per cent from the beginning of January. Using data from its smart meters, the company is [...]
UK must install 700 electric vehicle charge points a day to hit 2030 target March 25, 2021 The UK must install 700 electric vehicle (EV) charging points every day for the rest of the decade to support the transition away from the internal combustion engine. From 2030, the government will ban the sale of all new petrol and diesel cars in order to help the country hit its ambitious 2050 climate goals. [...]
Ed Miliband calls for electric car ‘revolution’ across UK March 24, 2021 Shadow business minister Ed Miliband tomorrow will lay out Labour’s plans for an electric vehicle “revolution” for the UK. Under the new policies, Labour is pledging to introduce interest-free loans for those on low and middle incomes to buy electric cars, as well as a national scrappage scheme. It comes just a week after the [...]
What’s the latest for Brits’ summer holiday hopes? March 24, 2021 With the UK’s vaccination programme continuing apace, sun-starved Brits are getting more and more excited about the prospect of getting out of the country this summer. But in recent days the government has attempted to pour cold water on travel hopes, with multiple ministers warning it is “too early” to book holidays abroad. They are [...]
British Airways owner IAG agrees new $1.8bn credit facility March 23, 2021 British Airways owner IAG took yet another step towards stabilising its finances today by announcing a new $1.8bn (£1.3bn) revolving credit facility. The new financing arrangement has been agreed with a number of banks and will be available for an initial three years, with the possibility of extension for two more years. As well as [...]
Holiday-goers face £5,000 fine for travelling abroad under new Covid laws March 23, 2021 Anyone trying to leave England to travel abroad without “good reason” could be hit with a £5,000 fine under new coronavirus laws that are due to come into force next week. Holidays abroad are not currently allowed under lockdown rules which come to an end on Monday, but MPs will this week vote on legislation [...]
Government mulls reform of long-haul air passenger duty to balance domestic cut March 23, 2021 The government has today kicked off its consultation on reforming the air passenger duty (APD) tax regime as part of its so-called “tax day”. Ministers are looking to change the current structure of the tax to improve intra-UK travel links without compromising its 2050 net zero emissions targets. As was previously announced, it will consider [...]
Airline shares sink on new law threatening £5,000 fines for holiday travel March 23, 2021 Airline shares sink on new law threatening £5,000 fines for holiday travel
Ministers must set out 30 year rail electrification plan, MPs warn March 23, 2021 The government needs to lay out a 30 year plan for electrifying the UK’s rail network if it is to hit its climate targets, MPs have today warned. A new report from the Transport Select Committee argued that the government should commit to a programme of rolling electrification projects over the next three decades if [...]
