Court upholds in part UniCredit's appeal against Italy's decision on Banco BPM bid
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Times
18 minutes ago
- Times
Drivers set for £700m EV charm offensive
The UK is to announce a £700 million subsidy scheme to convince drivers to switch to electric vehicles. Officials in Whitehall are this weekend adding the final touches to new policies to address concern about the high upfront cost of EVs and the perception of a lack of charging infrastructure. Automotive bosses have been waiting for details of the government's next steps to reduce the cost of buying an electric vehicle outside a company car scheme. Last month's spending review set aside £1.4 billion 'to support the continued uptake of electric vehicles, including vans and HGVs'. It is understood an announcement may be made this week that up to £700 million of this will be used for subsidies or grants to reduce purchase costs. Whitehall sources cautioned that the plans have yet to be signed off. If the ideas win approval, it would give an EV financial incentive to everyday motorists for the first time since the plug-in grant ended in 2022. The government is also allocating £25 million to help home-charging for households without driveways. Gullies will be cut into footways to allow cables to run safely beneath paving slabs. This means cars parked on the street can be charged at home. Some 20,000 of these are scheduled to be rolled out between now and the end of 2026. Ministers also want to incentivise businesses to make the change. Heidi Alexander, the transport secretary, will on Sunday unveil a £30 million package to pay for thousands of charge points at delivery depots, paving the way for millions of groceries and goods deliveries to be made by zero-emission vehicles. 'We are making it easier and cheaper for British businesses to go electric,' Alexander said. 'This investment will position Britain as a global leader in electric freight, supporting cleaner vans and lorries and cutting business costs to transition to zero emission. With more than 1.4 million electric vehicles already on our roads, we're backing our logistics sector to cut pollution and drive jobs and investment across the UK.' Ashwin Prasad, the chief executive of Tesco UK, said the grocer had been rolling out electric vans and trialling electric-powered lorries 'but there is still more work to do to reach our target of carbon neutrality across our own operations by 2035'. 'This scheme is an important step in ensuring the industry has the charging infrastructure needed to continue the electrification of our transport operations,' he said. We are making it easier and cheaper for British businesses to go electric,' Alexander said. 'This investment will position Britain as a global leader in electric freight, supporting cleaner vans and lorries and cutting business costs to transition to zero emission. With more than 1.4 million electric vehicles already on our roads, we're backing our logistics sector to cut pollution and drive jobs and investment across the UK.' Ashwin Prasad, the chief executive of Tesco UK, said the grocer had been rolling out electric vans and trialling electric-powered lorries 'but there is still more work to do to reach our target of carbon neutrality across our own operations by 2035'. 'This scheme is an important step in ensuring the industry has the charging infrastructure needed to continue the electrification of our transport operations,' he said. Chris Ashley, from trade body the Road Haulage Association (RHA), said: 'Quite simply without the ability to charge at depot we are not going to see the introduction of electric HGVs, coaches and vans at the pace required.' Electric car sales rose 39.1 per cent to 47,354 units in June, with one in four buyers going electric, according to the Society of Motor Manufacturers and Traders. This is still below the minimum mandated level, which stipulates that 28 per cent of new car sales and 16 per cent of new van sales should be zero emission this year. Currently drivers can benefit from generous tax breaks if an electric car is bought on a company scheme. However, this benefit is not available universally.
The Sun
37 minutes ago
- The Sun
Liverpool to make ‘take-it-or-leave-it' offer for Marc Guehi as Crystal Palace defender has heart set on Reds transfer
LIVERPOOL will make a £40million 'take-it-or-leave it' offer to Crystal Palace for defender Marc Guehi. And that should have a great chance of landing the centre-half, who turns 25 today and has always held a big interest in going to Anfield. 1 Guehi was the Eagles' star attraction as the club launched their new kit yesterday, but champions Liverpool want to see him in their famous red. The FA Cup-winning Crystal Palace skipper is now in the last year of his contract and would take the move despite Arsenal, Chelsea and Newcastle all being keen. Guehi, who played 45 minutes in a behind-closed-doors friendly against Millwall yesterday, has never made a fuss over previous bids. And he will allow the clubs to sort out the fee without agitating. Insiders say Guehi is one of the most down-to-earth players and football is his priority over finance. Guehi is still on the five-year deal he signed when joining from Chelsea in 2021, ignoring new contracts and waiting for the right step up, with the Reds a favourite. Palace are not interested in swaps, despite the Kop's highly-rated Ben Doak, 19, and others being potentially available, as they need the cash to land replacements. Boss Oliver Glasner wants Palace chiefs to deliver TWO new defenders — and that will be a challenge. Sporting's Ousmane Diomande, 21, is Glasner's first choice but the Ivory Coast international is also in the same £40m range. That would mean the second newcomer has to be a loan — with a likely move to land Portugal star Tiago Djalo, 25, from Juventus. Palace are reeling from Uefa booting them out of the Europa League into the Conference because John Textor has a stake in both their club and French rivals Lyon. The demotion will also impact their budget — but the Eagles will appeal.
The Guardian
39 minutes ago
- The Guardian
Trump's 10% tariff on most UK goods ‘here to stay', says Lord Mandelson
The 10% tariffs on most UK goods imported into the US are likely 'here to stay', according to Lord Mandelson. The British ambassador to the US said the 'universal 10% tariff' was unlikely to change but that there was 'scope' for negotiations in different sectors and industries, such as technology. Speaking to the Sunday Times, he added that the US president, Donald Trump, should expect a 'warm reception' when he visits the UK for a second state. 'He should expect a warm reception because he really does love Britain. He hugely admires it,' Mandelson said. 'He trusts Keir Starmer. It's not a question of expressing our gratitude. My lodestar here is to demonstrate respect, not sycophancy. I don't think the administration has any problem with that.' The comments came amid confusion over whether British steel imports will continue to face tariffs of 25% or even double to 50%. While a 10% tariff remains in place for most imports, the trade deal between the two nations reduced levies on car and aerospace imports. However, the prime minister and Trump suggested further negotiations were needed to reduce steel tariffs. On Saturday Trump announced that goods imported from the European Union and Mexico will face a 30% US tariff rate starting on 1 August, in letters posted on his social media platform, Truth Social. It came as a shock to European capitals, as the European Commission and the US trade representative, Jamieson Greer, had spent months hammering out a deal they believed was acceptable to both sides. The agreement in principle, which was put on Trump's desk last Wednesday, involved a 10% tariff, five times the pre-Trump tariff, which the bloc had already described as 'pain'. Sign up to First Edition Our morning email breaks down the key stories of the day, telling you what's happening and why it matters after newsletter promotion EU trade ministers will meet on Monday for a pre-arranged summit and will be under pressure from some countries to show a tough reaction by implementing €21bn ($24.6bn) in retaliatory measures, which they had paused until midnight the same day. Meanwhile, Trump's unprecedented second state visit to Britain is likely to take place in September, according to media reports, at a time when parliament is not sitting. This would avoid the scenario of MPs boycotting or protesting a Trump address in the Commons.
