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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMinisters Considering Loans to Energy Companies to Counter Rising Bills
- Ministers are considering plans to lend energy companies billions of pounds to shield households from big rises in bills.
- Energy companies want a £20 billion fund to help them to spread the soaring global cost of gas over a decade. Although that sum is judged to be “far too high”, officials are working on a plan for loans.
- https://www.thetimes.co.uk/article/government-loans-to-energy-companies-could-protect-public-from-huge-bills-n0f8r8drs
- Recall - the energy bill price cap is expected to rise by £500/year from April, with an extra £100/year coming from the collapse of a number of energy companies. This is seen boosting energy costs to 12% of income for the poorest households from 8.5% currently.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.