Gas prices plunge as Germany closes in on storage targets August 30, 2022 Gas prices have fallen sharply today amid reports Germany is on course to meet its gas storage targets for October.
Truss refuses to reveal cost of living plans until she has the keys to No 10 August 30, 2022 Members of Liz Truss’s team have confirmed the Tory leadership frontrunner will not finalise her plans for crucial cost-of-living support before receiving the “full support and advice” only available to the government of the day. The public will likely be forced to wait to find out what help they will get with skyrocketing energy bills [...]
Sunak confidant hints at ‘targeted support’ in cost of living crisis as he warns higher incomes won’t be safe either August 30, 2022 DCMS minister Matt Warman, who is supporting Rishi Sunak in the Tory leadership battle, spoke this morning in favour of targeted support during the rising cost of living, acknowledging “that is going to affect people somewhat higher up the income scale as well”. He told Sky News this a.m.: “I think for me the most [...]
Pubs and brewers at risk from energy crisis, warn UK’s biggest pub companies August 30, 2022 Pubs and brewers across the UK are at risk of closure within months amid price hikes upwards of 300 per cent, industry bosses have warned. Bosses of six of the UK’s biggest pub and brewing companies have signed an open letter to the Government urging it to act in order to avoid “real and serious [...]
EXCLUSIVE: So Energy calls for insulation boost to ease winter crisis August 29, 2022 The Government should help households ease demand and drive down soaring bills, says So Energy co-founder Simon Oscroft.
Boris Johnson warns against capping energy bills for everyone August 26, 2022 Boris Johnson has warned against capping energy bills for all households as this would benefit rich energy users at the expense of the vulnerable.
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 [...]
Exclusive: EDF calls for historic intervention to ease soaring energy bills August 26, 2022 EDF has called on the Government to ramp up support for households this winter with a four-phased intervention in the energy market.
Nine million households face fuel poverty this winter after energy bill hike August 26, 2022 The number of people in fuel poverty will nearly double this winter, warned charity National Energy Action.
Skyrocketing energy bills ‘could be the final nail in the coffin’ for small firms, FSB warns August 26, 2022 Sky-rocketing energy bills “could be the final nail in the coffin” for many firms according to the head of Federation of Small Businesses. Smaller companies “don’t have the luxury to wait until the winter” for help with rising costs, and an “urgent intervention” is needed from the next prime minister. The comments were made by [...]