Energy Market

Rising costs for the hospitality sector – but revenue recovery could soften the blow

The hospitality sector is facing uncertain times. Industry body UKHospitality is calling for urgent measures to avoid “sky-rocketing business rates” from next spring. At the moment, eligible businesses in the hospitality and leisure sector benefit from 75% off their business rates bills (up to a cap of £110,000 relief per business). But this ends on 31 March 2025 and could send shockwaves through the sector if no alternative help is put in place.

Large wind turbines in an ocean setting

CPPAs: the future of energy security?

Energy prices have just hit the headlines again, this time with the grim news that soaring costs have pushed inflation to a 40-year high. Many UK businesses have been struggling since the autumn because of the drastic change in the energy-buying landscape.

A moody orange sky with trees in foreground

IPCC report: the message is stark, but there is hope

If we act quickly, we can still avoid catastrophe. Scientists are hopeful that if we can cut global emissions in half by 2030 and reach net zero by the middle of this century, we can halt and possibly reverse the rise in temperatures.