Al Mayadeen English

  • Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Gaza Ministry of Health: 6 Palestinians wounded by IOF fire east of Gaza Strip.
Al Mayadeen's correspondent: A batch of incendiary balloons were launched towards settlements adjacent to the Gaza Strip.
Turkey's Defense Ministry: 5 Kurdistan Workers Party members killed in an airstrike in northern Iraq.
The Iranian Intelligence Ministry says its forces raided several terrorist hideouts in Tehran and Western Azerbaijan and arrested 28 elements.
Iran's Intelligence Ministry says the terror attacks were aimed at undermining Iran's state security and showing Iran as a destabilized nation.
Iran's Intelligence Ministry says it foiled a terrorist plot being planned for Tehran, with all the culprits getting arrested.
Iranian Defense Ministry says has missiles designed with the intention of striking the Israeli occupation, namely the Hajj Qassem Soleimani missile.
Al Mayadeen correspondent: The Israeli occupation forces raided Birzeit University and arrested three young men in its vicinity.
Al Mayadeen correspondent: The Israeli occupation forces raided the Nur Shams refugee camp in Tulkarm for several hours, with snipers deployed on the rooftops.
China inaugurates the Asian games in Hangzhou.

60% of UK companies to close as energy prices soar

  • By Al Mayadeen English
  • Source: Agencies
  • 4 Sep 2022 13:15
  • 2 Shares

The UK is among the top countries facing the brunt of inflation, gas prices and now energy cuts, with approximately 60% of its companies threatening to halt operations and shut down.

  • London protests over rising bills (AP)
    London protests over rising bills (AP)

Citing a poll conducted by MakeUK, a lobby group for British factories, Bloomberg reported on Saturday that approximately 60% of factories in the UK are at extreme risk of shutting down as energy costs across the country continue to skyrocket, with electricity bills surging by more than 100% over the past year. 

MakeUK commented: “The current crisis is leaving businesses facing a stark choice,” adding: “Cut production or shut up shop altogether if help does not come soon.” 

Related News

Soaring energy bills result in a trail of discord between tenants: UK

Truss insider 'confident' energy bills will be frozen in UK

UK officials and authorities have been facing immense pressure for the past year as a result of the gas crisis which led to the need to tackle the ensuing energy crisis, with multiple efforts of support measures to help consumers and businesses deal with the rapidly surging costs.  

With inflation at a 40-year high, wages are being stretched as price rises erode the value of the pound in their pocket. The UK has especially witnessed a series of walkouts in the last months of rail workers due to poor job security and low wages.

According to a purchasing managers’ index published by S&P Global, the country’s factory sector is already in a declining pattern, while MakeUK’s survey shows that 13% of factories have diminished their operating hours or are avoiding peak periods, with 7% halting production for longer periods. 

An NHS (National Health Services) chief has warned that soaring energy costs will kill more than 10,000 people this winter; a situation the NHS Confederation referred to as a "humanitarian crisis". The UK Britain announced last week a vast 80% hike in electricity and gas bills, in a dramatic worsening of the cost-of-living crisis before winter as the UK awaits a new leader.

  • bills
  • Energy crisis
  • Electricity
  • Gas prices
  • UK

Most Read

Ukrainian soldiers ride an APC on the front line near Bakhmut, in the Donetsk region, on June 5, 2023 (AP)

US sees Ukrainian army demoralized, no chance to win: Seymour Hersh

  • Europe
  • 21 Sep 2023
Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
British mercenary in Ukraine killed by another Brit

British mercenary in Ukraine killed by another Brit

  • Europe
  • 18 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • Today

Coverage

All
Morocco & Libya Disasters

Read Next

All
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al Furhan Al-Saud addresses the 78th session of the United Nations General Assembly, Saturday, Sept. 23, 2023, at United Nations headquarters. (AP)
Palestine

Saudi FM tells UN regional stability hinges on 'Palestinian state'

Nearly two weeks later, Libya toll tops 3,800
MENA

Nearly two weeks later, Libya toll tops 3,800

A man walks past a mural featuring oil pumps and wells in Caracas, Venezuela, Saturday, May 21, 2022. (AP)
Latin America

Venezuela boosts oil production amid unilateral restrictive measures

Russia destroyed leopard tank in Ukraine with fully-German crew
Europe

Russia destroyed leopard tank in Ukraine with fully-German crew

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS