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Rush for pension cash shakes up UK corporate debt

Rush for pension cash shakes up UK corporate debt

The rush for cash from UK pension funds has weakened the already fragile market for sterling-denominated corporate debt and is driving up borrowing costs for businesses across the country. UK government bonds fell sharply last month as investors backed off on Chancellor Kwasi Kwarteng’s plans for unfunded tax cuts as debt remained under pressure in …

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Renewables firms warn UK revenue cap could discourage investment

Renewables firms warn UK revenue cap could discourage investment

Renewable energy companies will tell UK ministers this week that a planned cap on the revenue they generate from sky-high wholesale power prices must be no more punitive than a similar EU policy – or they risk an exodus of investment to Europe. The UK government is drawing up plans for a temporary revenue cap, …

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