Ovo Energy says sorry after it tells customers to do star jumps and cuddle pets to cut down bills January 11, 2022 Ovo Energy has apologised after it advised customers to do star jumps, cuddle pets and eat porridge to cut down energy bills and stay warm.
GMB Union hammers Centrica for appointing former energy minister Amber Rudd to its board January 10, 2022 GMB Union has slammed Amber Rudd’s appointment to Centrica’s board, describing her as “the wrong person at the wrong time”.
Number 10 calls for ‘restraint’ on MPs pay rise in face of planned £2,000 increase January 10, 2022 Downing Street has today called on parliament’s standards body to “show restraint” and not give MPs a large pay rise in April given the current cost of living crunch faced by families. The Independent Parliamentary Standards Authority (IPSA) is set to increase MPs’ pay by £2,000 on 1 April in line with public sector pay [...]
Three in four small business owners worried about rising inflation this year January 10, 2022 71 per cent of UK small business owners are concerned about rising inflation, according to new analysis from Iwoca.
Cost of living crisis: Millions of savers miss out as UK banks pocket profits from higher interest rates January 10, 2022 The UK’s major banks have failed to pass on last month’s interest rate rise to millions of savers, according to Moneyfacts.
Small businesses fear rising prices will slow the recovery January 9, 2022 Almost half of Britain’s small businesses say the increased cost of doing business is a concern for them in the new year. And across the wider economy, inflation is seen as a threat by around three-quarters. Inflation is heading north already and is expected to peak at around six to seven per cent in April [...]
UK’s green tax burden to increase by 40 per cent during Johnson’s premiership January 9, 2022 The UK’s green tax burden is set to increase by 40 per cent throughout the course of Boris Johnson’s premiership, according to new research from a think tank. The TaxPayers’ Alliance calculates that tax revenues from green taxes will rise to £16.7bn by 2023-24, when the next election is due, after they were £11.7bn in 2019. [...]
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 [...]
Tories call on Treasury to fund green energy rather than already pinched households January 8, 2022 A group Tory MPs have called on the government to fund environmental and social energy policies from Treasury money, rather than from consumer bills.
Why the energy crisis is set to derail the UK economy in 2022 January 7, 2022 A wave of concern over the swelling cost of living is sweeping across Britain. While households are bracing for higher tax bills and are already being stung by food prices leaping, it is swelling energy costs that will hit hardest in 2022. The UK’s benchmark gas prices have quintupled since January 2021, leaping from £54 [...]