Peabody may terminate Anglo coal assets deal over mine fire
May 5 (Reuters) - Peabody Energy (BTU.N), opens new tab said on Monday if issues involving Anglo American's (AAL.L), opens new tab Moranbah North coal mine were not resolved to its satisfaction, it may elect to terminate its pending deal to acquire some of the British mining company's Australian steelmaking coal assets.
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Western Telegraph
9 minutes ago
- Western Telegraph
Treasury minister Reynolds struggles over Lower Thames Crossing answers
The Lower Thames Crossing will link Essex and Kent but economic secretary Emma Reynolds was unable to give details of the precise location of the crossing or the total cost of the project. She also mistakenly referred to the existing crossing being the 'Dartmouth tunnel', apparently confusing the Devon town with Dartford, the location of the crossings for traffic across the Thames. The River Thames from Gravesend looking west towards London, at the location of the proposed Lower Thames Crossing (Jordan Pettitt/PA) 'I meant Dartford, excuse me, I had a very early morning,' the minister told LBC Radio. Asked about the proposed new crossing's location, she said: 'You'll forgive me, I can't recall the landing zone.' The crossing will involve two tunnels under the Thames to the east of Tilbury in Essex and Gravesend in Kent. Pressed on the cost, she said 'it's going to cost quite a lot of money', suggesting it would be 'several billion pounds'. LBC Radio presenter Nick Ferrari told Ms Reynolds: 'Is there much point continuing this conversation because you don't know where a bridge starts, where it ends and you don't know how much it costs?' National Highways has estimated the cost will be between £9.2 billion and £10.2 billion depending on the funding model chosen. An artist's impression of how the southern portal of the Lower Thames Crossing in Kent will look (Highways England/PA) It would connect the A2 and M2 in Kent to the A13 and M25 in Essex via a 2.6-mile tunnel under the Thames, which would be the UK's longest road tunnel. The funding for the Lower Thames Crossing will be part of the Government's 10-year plan for infrastructure. A new structures fund will also invest in repairing bridges, flyovers, tunnels and other transport infrastructure such as roads. The Lower Thames Crossing is aimed at reducing congestion at Dartford. Transport Secretary Heidi Alexander (James Manning/PA) Transport Secretary Heidi Alexander has said that the project is 'essential for improving the resilience of a key freight route and is critical to our long-term trade with Europe'. 'It will speed up the movement of goods from south-east England to the Midlands and the north, crucial to thousands of jobs and businesses,' she added. Rachel Reeves has said ministers are 'going all in by going up against the painful disruption of closed bridges, crossings and flyovers'. The Chancellor added: 'This is a turning point for our national infrastructure, and we're backing it with funding to support thousands of jobs and connect communities, delivering on our plan for change.' The plan is intended to ease congestion at the Dartford Crossing (Gareth Fuller/PA) It comes ahead of the Government's infrastructure strategy, expected this week, while public procurement rules are set to be overhauled so that public bodies will have to give more weight to firms which can prove they will boost British jobs when they are bidding for contracts. The Chancellor outlined a range of infrastructure investments as part of last week's spending review.
The Herald Scotland
14 minutes ago
- The Herald Scotland
Treasury minister Reynolds struggles over Lower Thames Crossing answers
She also mistakenly referred to the existing crossing being the 'Dartmouth tunnel', apparently confusing the Devon town with Dartford, the location of the crossings for traffic across the Thames. The River Thames from Gravesend looking west towards London, at the location of the proposed Lower Thames Crossing (Jordan Pettitt/PA) 'I meant Dartford, excuse me, I had a very early morning,' the minister told LBC Radio. Asked about the proposed new crossing's location, she said: 'You'll forgive me, I can't recall the landing zone.' The crossing will involve two tunnels under the Thames to the east of Tilbury in Essex and Gravesend in Kent. Pressed on the cost, she said 'it's going to cost quite a lot of money', suggesting it would be 'several billion pounds'. LBC Radio presenter Nick Ferrari told Ms Reynolds: 'Is there much point continuing this conversation because you don't know where a bridge starts, where it ends and you don't know how much it costs?' National Highways has estimated the cost will be between £9.2 billion and £10.2 billion depending on the funding model chosen. An artist's impression of how the southern portal of the Lower Thames Crossing in Kent will look (Highways England/PA) It would connect the A2 and M2 in Kent to the A13 and M25 in Essex via a 2.6-mile tunnel under the Thames, which would be the UK's longest road tunnel. The funding for the Lower Thames Crossing will be part of the Government's 10-year plan for infrastructure. A new structures fund will also invest in repairing bridges, flyovers, tunnels and other transport infrastructure such as roads. The Lower Thames Crossing is aimed at reducing congestion at Dartford. Transport Secretary Heidi Alexander (James Manning/PA) Transport Secretary Heidi Alexander has said that the project is 'essential for improving the resilience of a key freight route and is critical to our long-term trade with Europe'. 'It will speed up the movement of goods from south-east England to the Midlands and the north, crucial to thousands of jobs and businesses,' she added. Rachel Reeves has said ministers are 'going all in by going up against the painful disruption of closed bridges, crossings and flyovers'. The Chancellor added: 'This is a turning point for our national infrastructure, and we're backing it with funding to support thousands of jobs and connect communities, delivering on our plan for change.' The plan is intended to ease congestion at the Dartford Crossing (Gareth Fuller/PA) It comes ahead of the Government's infrastructure strategy, expected this week, while public procurement rules are set to be overhauled so that public bodies will have to give more weight to firms which can prove they will boost British jobs when they are bidding for contracts. The Chancellor outlined a range of infrastructure investments as part of last week's spending review.
Daily Record
15 minutes ago
- Daily Record
People on Universal Credit must report 19 changes or DWP could stop payments
There are certain changes in circumstances which must be reported to the DWP as soon as possible. Reasons your Universal Credit may be cut by DWP The latest figures from the Department for Work and Pensions (DWP) show there were over 7.6 million people across Scotland, England and Wales receiving financial support through Universal Credit at the end of March. The means-tested benefit is usually paid monthly, but can be paid fortnightly for some people living in Scotland. However, many Universal Credit claimants may not be aware of certain changes in circumstances which must be reported to the DWP or it could impact their entitlement or payments and in some cases, can lead to a penalty fine or even a court appearance. There are nearly 20 changes that need to be reported, including getting a new mobile number or email address, switching to a different bank account, moving address and your rent going up or down. DWP guidance on warns: 'You could be taken to court or have to pay a penalty if you give wrong information or do not report a change in your circumstances.' Change of circumstances you need to report to DWP DWP guidance on states you need to report changes in your circumstances so that you keep getting the right amount each month. It adds you need to report changes 'as soon as they happen' because any delay 'may mean you receive too much money and will have to make a repayment'. DWP warns: 'Changes in your circumstances can affect how much you're paid for your whole assessment period - not just from the date you report them.' Changes can include: Finding a job Finishing a job Having a child Moving in with your partner Starting to care for a child Starting to care for a disabled person Your child stopping or restarting education or training, if they're aged 16 to 19 Changing your mobile number Changing your email address Moving to a new address Going outside Great Britain for any length of time, if you live there Going outside Northern Ireland for any length of time, if you live there Changing your bank details Your rent going up or down Changes to your health condition Becoming too ill to work or meet your work coach Changes to your earnings (only if you're self-employed) Changes to your savings, investments and how much money you have Changes to your immigration status, if you're not a British citizen How to report a change DWP advises that claimants can report a change of circumstances by signing in to their online Universal Credit account. If you get a job or increase the hours you work Use a benefits calculator or speak with your work coach to find out how getting a job or an increase in your earnings might affect your Universal Credit claim. Most employers will report your earnings for you. You will normally only need to report monthly earnings if you are self-employed. If you have been paid too much by DWP You may have to repay the money if you: did not report a change straight away gave wrong information were overpaid by mistake
