Millions of households across the UK will see their energy bills soar by around 40% from April after chancellor Jeremy Hunt ruled out extending the government’s rebate scheme which ends next month. The energy price guarantee (EPG) has capped average household energy bills at £2,500 but this will rise to £3,000 from March. Simultaneously, the […]
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UK energy bills will rise from £1,971 to £3,549 in October with Ofgem today confirming the 80% hike. Household bills are forecast to soar even further in 2023 with warnings already made that “people will die” because of the rises. Energy consultants Cornwall Insight predict the average gas and electricity will increase to £5,386 in […]
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Caretaker prime minister Boris Johnson is continuing his (second) holiday (in two weeks) with the country relieved to learn from Downing Street that he will be kept informed of any “urgent issues” while he enjoys his jollies. This week Johnson in Greece (a week after returning from his eco-hotel honeymoon in Slovenia) and No 10 […]
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Almost half of Britons fear there will be riots if the government does not provide more help with the cost of living crisis as energy bills are forecast to surge past £4,200. More than half of the country (55%) believe an organised campaign not to pay energy bills is justified, according to the Independent, while […]
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Gordon Brown is demanding an emergency budget to address the “financial timebomb” that “will explode” in October and leave half of the UK’s population in fuel poverty, causing “a humanitarian crisis”. The former Labour prime minister said Boris Johnson, Liz Truss and Rishi Sunak must agree an emergency budget this week otherwise “parliament should be […]
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Rishi Sunak has emphatically denied the timing of his £15 billion emergency package to help households battling with the cost of living crisis has anything to do with yesterday’s publication of the Sue Gray report. The chancellor insisted the timing of today’s (May 26) announcement “is because we now have more clarity about what is […]
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UK interest rates have risen to 1% – their highest level for 13 years – with the Bank of England (BoE) warning the economy will slip into recession this year as experts predict inflation will go above 10%. The bank’s grim forecast hit the value of the pound which slumped to a two-year low, losing […]
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The government’s long awaited Energy Security Strategy for the UK has finally been published – and immediately condemned for ignoring energy efficiencies and offering no help to deal with rising prices now. Despite energy efficiencies – such as insulating homes – being hailed as “a silver bullet” for the UK’s energy conundrum, the government’s strategy […]
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