England

Bank of England set to spoil party mood with another interest rate hike

Bank of England officials are expected to take their foot off the accelerator when they meet this week to decide how much the cost of borrowing should rise. The prospect of a year-long recession that would hit living standards, reduce business investment and damage the UK economy’s long-term productive capacity might have made them think …

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New England 'imports European prices' in looming gas supply crisis

New England ‘imports European prices’ in looming gas supply crisis

A European-style winter energy crisis is looming over New England in the northeastern United States, even as US producers of natural gas export record volumes and a wave of fuels crosses the Atlantic. Utility bosses in the region have called for emergency help from Washington in anticipation of a crisis, while lashing out at a …

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