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February week 2 roundup

February Week 2 – News Roundup

Obp Chartered Accountants | 14th February 2020

We’re into week 2 of February, and we’ve had some interesting reads over the last 7 days – some major political shifts, information about mobile, broadband & TV prices, affect of HS2 on Wales, and green energy demands. If you’d like to read more of these articles, follow the links to each source on their websites.

Sajid Javid replaced as Chancellor less than a month before Budget

Rishi Sunak replaces Savid Javid as chancellor

Richard Hattersley, AccountingWeb

With less than a month before his first Budget, Sajid Javid has resigned as Chancellor of the Exchequer, making way for his replacement Rishi Sunak.

Sajid Javid still had four weeks to put the finishing touches to his Budget when he was called to Number 10 and asked to sack his team of advisers. Javid refused and instead resigned from his position as Chancellor in what has become a shock cabinet reshuffle.

Javid’s shock exit was the culmination of brewing tension between the former Chancellor and Number 10. It finally came to a head today when…

Mobile, broadband and pay-TV customers could save £1bn on bills

Mark Sweney, The Guardian

Millions of customers could save up to a £1bn a year on the cost of their landline, broadband, TV and mobile packages under new Ofcom rules forcing companies to offer the best deals when their contracts come to an end.

The broadcasting and media regulator’s new rules, which come into force from Saturday, could benefit the estimated 20 million customers who are paying over the odds because they are out of contract and not aware of better deals.

Phone, broadband and pay-TV companies will be forced to tell customers when their contract is coming to an end…

HS2: Outrageous rail project will not benefit Wales, transport expert says

HS2 will not benefit Wales

Souh Wales Metro, BBC News

The controversial £106bn High Speed 2 rail project will have an “overall negative economic impact on Wales of £150m a year,” a transport professor has warned.

The UK government has approved the rail line linking London to Birmingham – and then on to Manchester and Leeds.

Passengers from north Wales may benefit from quicker journey times and HS2 may boost north-east Wales’ economy…

All New Homes in Wales to Use Green Energy by 2025

Green energy for homes

Business News Wales

New plans laid out by the Welsh Government would see all new-build dwellings use only green energy for their heating and power within the next five years.

The consultation proposals unveiled by Housing Minister Julie James are part of wider Welsh Government plans to address the climate emergency it declared last year.

Later this year ministers will bring forward legislation to adopt a 95% greenhouse gas reduction target, with an ambition to reach net zero in future…

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