More energy bill support for households will be needed this winter, Cornwall Insight warns energy The government should bring in fresh measures to provide support for customers, warned forecasting group Cornwall Insight.
SSE launches £15m energy bill support fund for businesses as winter looms energy SSE has launched a £15m support fund to ease the pressure on businesses struggling with ultra-high energy bills this winter.
Rishi Sunak to extend energy bill support for all businesses energy crisis All British businesses are set to benefit from an extension of the government’s energy support package for up to 12 months. Prime Minister Rishi Sunak is set to sign-off on the extension, however it is expected that most businesses will be given a smaller discount on their energy bills from April. The Sunday Times reports [...]
Energy bill support took too long to reach consumers most in need, MPs conclude June 16, 2023 Energy bill support took too long to reach those most in need and the government must protect consumers from future price hikes, say MPs.
Energy bills support expected to stay at £2,500 after Hunt U-turn March 3, 2023 Jeremy Hunt is expected to extend support for household energy bills by an extra three months beyond April, a fresh government U-turn.
Pubs and restaurants face ‘widespread business failure’ in absence of energy bill support August 30, 2022 Pubs and restaurants are facing “widespread business failure” in the absence of government support as energy bills swell, hospitality chiefs have said. In a letter to ministers, UKHospitality has warned that tens of thousands of jobs could be lost as the UK enters the colder months, as businesses are hit with increasing headwinds. Writing to [...]
Energy bill support to cost billions as Ofgem unveils monster £4,279 price cap November 24, 2022 The energy price cap will rise by a further £700 in the new year, Ofgem has announced - a 20 per cent hike to its current record rates.
‘Hunt failed firms’: Warning of bleak outlook as businesses face 85 per cent drop in energy bill support – BCC March 31, 2023 Business leaders are stepping up warnings that firms will struggle to pay energy bills when a government relief scheme ends on Saturday.
Hospitality firms plead for energy bill support to survive ‘dire’ situation worse than pandemic August 16, 2022 A host of hospitality and small business bodies yesterday warned that many pubs, restaurants and hotels will not survive the “onslaught” of higher energy costs in the coming months. Representative bodies including UK Hospitality warned politicians that unlike domestic customers, rates are not capped for small businesses. Last week analysts at forecaster Cornwall Insight suggested [...]
Bank of England may launch biggest rate hike since 1989 if energy bill support fuels inflation August 26, 2022 The Bank of England may have to launch the biggest rate hike since 1989 if the government injects huge sums of money into the economy to cope with the cost of living crisis, a Wall Street bank said today. Borrowing costs could rise 75 basis points in November to deal with a historic inflation peak [...]