British Gas the fourth of the Big Six energy suppliers to boost prices after Ofgem’s price cap February 19, 2019 British Gas, the country's biggest energy supplier, becomes the fourth of the Big Six energy companies to raise its prices after Ofgem, the energy regulator, increased the price cap on gas and electricity bills. Customers of British Gas can expect the standard variable tariff to increase by £117 for 3.5m customers starting 1 April. Stephen Murray, [...]
Let America’s radical socialists be a warning to British politics February 12, 2019 It is said that when America sneezes, the world catches a cold. Let us hope that the American left’s recent publication of its “Green New Deal” (GND) won’t be contagious enough to infect Labour here. Just over a week ago, Jeremy Corbyn had an in-depth phone conversation with Alexandria Ocasio-Cortez, the rising socialist congresswoman. The aim, it [...]
Eon front of the queue with £117 increase as energy suppliers eye price rises February 11, 2019 Eon has become the first energy company to jack up prices for almost 2m customers just days after Ofgem said it would let suppliers charge more for electricity and gas. Customers on default tariffs will face bills over 10 per cent higher from the beginning of April, the company confirmed today. Read more: Ofgem price [...]
10 shares to generate £10,000 income in 2019 February 11, 2019 Four years ago, we asked how much an individual would need to invest in order to generate an annual income of £10,000 from corporate dividend payments. Rising yields have allowed us to reduce the amount each year and still meet the income objective, but 2018 proved a stiffer test and requires some explaining. First, big [...]
Households told to cough up as Ofgem raises energy price cap by over £100 February 7, 2019 Households could be left more than £100 out of pocket each year as Ofgem hikes up the price it lets suppliers charge for energy. The regulator said this morning it will increase the government's energy price cap, which was meant to save customers from rip off deals, by £117. Read more: Ofgem price cap: What [...]
Shell posts highest earnings in four years as cost cutting pays off January 31, 2019 Shell restated its commitment to the North Sea as it showed its highest profits in four years this morning, boosted by higher oil prices as cost cutting at the British-Dutch oil major bore fruit. “We are quite happy with our position in the UK's North Sea,” chief executive Chief executive Ben van Beurden told reporters in London. [...]
Bills could change more than ever under government’s energy price cap, experts warn January 24, 2019 The government’s energy price limit will cause prices to fluctuate more than ever, experts are warning as Ofgem looks set to raise the cap just months after it was first introduced. The “significant” rise is expected to reach around £80 to £100 a year industry insiders say, higher than the touted £76 per annum savings [...]
Joint audit could inject some competition into the market January 22, 2019 Last week, the House of Commons’ Business, Energy and Industrial Strategy select committee opened hearings on its influential inquiry into the future of audit. Top of its agenda will be the proposed remedies set out by the Competition and Markets Authority (CMA) in its recent review, which could bring wholesale change in the UK’s listed [...]
A year on from Carillion: 12 months that brought outsourcing to its knees January 15, 2019 On the anniversary of Carillion’s dramatic collapse, two more public sector outsourcing giants, Interserve and Kier Group, are up against the ropes. In the intervening 12 months, outsourcers have lurched from one crisis to another, with profit warnings, massive project failures and revelations of systemic late payment of suppliers. City A.M. charts a year which [...]
As competition heats up, meet the energy company taking on the Big Six by cutting consumption January 14, 2019 You know the drill: energy companies lure you in with a cheap introductory rate, and once it expires, you’ve either got to repeat the hassle of shopping around for a new deal, or you’re automatically moved onto the provider’s expensive default tariff – otherwise known as the standard variable rate (SVR). This isn’t a glitch [...]