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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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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The Bank of England has raised interest rates by 0.5% to 1.75% and given a bleak warning that the UK faces a lengthy recession that will hit millions of the most vulnerable people hardest. UK interest rates are now at the highest level since January 2009 and today’s 0.5% hike is the steepest in 27 […]
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