Price cap will rise to £2,800 per year this winter warns Ofgem May 24, 2022 Households should brace themselves for another painful hike in their energy bills this autumn, revealed chief executive Jonathan Brearley.
Exclusive: Energy giants urge struggling customers to get in touch ahead of winter August 9, 2022 Some of the biggest energy firms have encouraged worried customers to make contact with them as soon possible.
We should be creating a Right to Build not reviving more Thatcherite dreams May 5, 2022 This week, Boris Johnson mooted the idea of breathing new life into the Thatcherite right-to-buy policy. As the Conservatives face down the barrel of fierce local elections, headline-grabbing policies are a useful tool. With the new right-to-buy scheme, up to 2.5 million households could be able to buy their homes at a discounted price of [...]
Freezing personal allowance and higher rate tax rates will push 1.2m Brits over 40 per cent tax threshold January 7, 2022 New research shared with City A.M. this morning shows that over one million more people will pay a higher tax rate by 2026. The analysis by the House of Commons Library – first published in The Daily Telegraph – says around 1.2m additional workers will find their earnings going over the 40 per cent tax [...]
Boost for Global Britain as UK exports to EU defy Brexit challenges and hit highest level ever July 1, 2022 New ONS data shows that British exports to the EU reached their highest ever level due to rising exports of fuels as the bloc continues to import substantial quantities of LNG. Goods exports to the EU reached £16.4bn in April 2022, their highest level in current prices since the series began in 1997. Meanwhile, the [...]
Indignant brokers fiercely dismiss Martin Lewis’ notion many mortgages are ‘a ticking time bomb’ June 19, 2022 The well-known personal finance guru Martin Lewis recently warned that mortgages are a “ticking time bomb” for homeowners, as he said Brits should lock in cheap mortgage rates soon before monthly payments become unaffordable. Lewis’ comments come as the cost of living for most Brits is climbing fast, with energy bills going up by an [...]
As Iceland rows back on palm oil, this is one slippery slope we should start to embrace March 31, 2022 Supermarket chain Iceland announced this week that it had no choice but to go back on a pledge to avoid using palm oil as an ingredient in its own-brand product range. Managing director Richard Walker wrote in a blog post that Iceland could no longer afford to use sunflower oil, the palm oil alternative it [...]
Labour calls for windfall tax on North Sea oil and gas in bid to cut energy bills January 9, 2022 Labour is calling for a windfall tax on North Sea oil and gas to pay for a series of measures that would cut household energy bills by around £600 per year for the country’s lowest wage earners. The plan, unveiled today, would see every consumer save just under £200 per year and 9m of the [...]
It would be ‘silly’ to provide households with more support before price cap update, says Rishi Sunak April 28, 2022 Chancellor Rishi Sunak plays down the prospect of immediate support for households despite mounting pressure on consumers.
Sunak reportedly mulls cutting VAT on household energy bills to ease cost of living October 18, 2021 Rishi Sunak is reportedly considering cutting the 5 per cent rate of VAT on energy bills in a bid to cut living expenses for families this winter. Potential cuts in VAT to energy bills were touted by Vote Leave campaigners as a “Brexit dividend”, as EU rules stop countries from changing the rate, with some [...]