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Barclays and TSB have made notable reductions to mortgage rates, signaling the possibility of more rate cuts before the year ends. Despite the reductions, experts warn that mortgage rates remain high compared to the autumn and do not indicate a price war among lenders.
The UK is underinvesting in electricity grid infrastructure, spending just 25p on power lines for every £1 spent on renewable energy projects, according to a Bloomberg NEF report. This imbalance places the UK eighth among the world’s top 10 energy markets. Insufficient grid capacity has cost the UK £1 billion this year in payments to shut down wind turbines during windy weather. Adapting the global grid for net zero could require $21.4 trillion in investments. ScottishPower’s CEO warns the UK’s grid is "creaking" and calls for equal investment in renewables and infrastructure. The government has pledged planning reforms and faster approvals to accelerate grid upgrades.
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