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 [...]
UK businesses will disappear without immediate government help, CBI warns August 26, 2022 UK businesses will “tip into distress” unless the government launches an emergency support package to deal with the cost of living crisis, the country’s biggest business group has warned. Some 69 per cent of firms expect to be hit by higher energy costs over the next three months, eating into their capacity to survive, according [...]
Price cap in need of urgent reform following energy bill hike August 26, 2022 Energy specialist Cornwall Insight has reignited calls for the price cap to be reformed, after the latest hike in household energy bills this winter.
Energy crisis: Households set for £3,549 price cap this winter August 26, 2022 The energy price cap will rise 80 per cent to £3,549 per year from October, plunging millions of British households into fuel poverty this winter.
Zahawi: Energy price cap rise will cause ‘stress and anxiety’ August 26, 2022 Chancellor Nadhim Zahawi has acknowledged today’s 80 per cent price cap rise will cause “stress and anxiety” as campaigners urge the government to take action. In a move that will concern millions of Brits, this morning it was announced by Ofgem the energy price cap will rise to £3,549 per year from October. The rise [...]
Giving up on net zero could cost the Tories an election August 26, 2022 Energy prices are rising to record levels, and households are understandably worried about how they’re going to pay their energy bills. Some opponents of the net zero target have used this as an opportunity to blame green policies for an increase in global energy prices, despite it being clear that high gas prices are the [...]