Citizens Advice accuses Ofgem of failing to act against unfit energy suppliers ahead of gas price crisis December 9, 2021 Citizens Advice slammed Ofgem yesterday for failing to act against unfit energy suppliers before the ensuing gas price crisis.
Nor way! British gas prices soar as maintenance issues curb Norwegian flows April 20, 2022 Gas prices have spiked across European benchmarks with maintenance curbing Norwegian gas flows to the UK, exacerbating supply fears.
Gas prices soar amid supply shortage fears as Russia-Ukraine tensions escalate January 24, 2022 Analysts warned last night that escalating tensions over Russia's seemingly inevitable invasion of Ukraine would hit European gas supplies.
Good Energy calls for government support as share price plummets amid soaring wholesale costs December 22, 2021 Good Energy's shares tumbled seven per cent on Wednesday, after it downgraded it profits guidance by £3m amid serious volatility in the industry.
OPEC+ underperforms as politics weighs on oil output March 9, 2022 Oil prices remain elevated in a volatile market, with OPEC+'s performance under increasing scrutiny amid escalating conflict in Ukraine.
Ofgem boss accepts oversight failings of energy sector but defends consumer price cap February 8, 2022 Ofgem's chief executive has recognised regulation of the energy industry has to be "tougher" after market chaos this winter.
Office for Budget Responsibility warns household energy bills could double this year March 23, 2022 Energy bills could spike 40 per cent this winter, warned the OBR, placing further pressure on cash-strapped households.
Stamp duty taper triggers dip in mortgage approvals August 31, 2021 Mortgage approvals declined over the last month as the tapering of the stamp duty holiday deterred Brits from pushing ahead with homepurchases, according to official data published today. Data from the Bank of England shows there were 75,152 mortgage approvals in July, the first full month after the stamp duty taper, down from 80,272 in [...]
Why is the UK economy poised to tumble into a recession and fall behind Europe, US and even Russia? February 16, 2023 Britain avoided a much-tipped recession at the end of last year. Phew. “However, we are not out of the woods yet,” warned Chancellor Jeremy Hunt after last Friday’s GDP figures from the ONS revealed the economy stagnated at the end of 2022, meaning it narrowly avoided the technical recession definition of two consecutive quarters of [...]
2022: The year the UK economy soured December 23, 2022 Let’s not forget that inflation was already a problem heading into 2022. The final inflation reading of 2021 was for November and came in at 5.1 per cent, nearly three times higher than the Bank of England’s two per cent target and the highest level since September 2011, according to the Office for National Statistics [...]