The Office for Budget Responsibility forecasts a 23% increase in environmental levies on UK electricity bills by 2030, driven by rising costs in the capacity market due to the shift to renewable energy. The government aims to encourage the transition to electric heat pumps and vehicles, but campaigners suggest moving the levies off electricity bills. The total cost is expected to reach £14.8bn by 2029-30, with additional funding for renewables and electricity bill discounts for vulnerable households.
Full Article
Why adversity creates opportunity | MoneyWeek
The Scottish American Investment Company (SAINTS) takes a patient and research-intensive approach to investing, focusing on long-term growth and dividends. By looking beyond short-term setbacks, SAINTS identifies opportunities in companies like L’Oréal, Anta Sports, and Schneider Electric, based on their fundamental strengths and resilience. SAINTS' strategy involves selecting 50 to 60 dividend-paying companies with potential for long-term growth, emphasizing the importance of staying the course and recognizing value amid market volatility. Full Article
Read more