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 boss of energy giant E.ON has warned that four-in-ten households in the UK are facing fuel poverty if the government fails to act in the face of soaring energy bills. Michael Lewis, the CEO of E.ON UK told the BBC the government must intervene immediately with around 12.5% of its customers already struggling to […]
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London’s FTSE 100 fell 4% while the price of gas, oil and other commodities soared as spooked financial markets reacted to Russia’s invasion of Ukraine. UK households will be facing even higher costs for energy, food and fuel as a direct result of the conflict. The energy price cap will rise even higher in the […]
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