Those payments were set when the typical energy bill was anticipated to rise by £800 – a prediction Ofgem says is now too low. Influential industry analyst Cornwall Insight has predicted a rise of more than £1,200 a year in October, pushing the typical bill to £3,244 a year from October, then £3,363 a year from January.
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Five ways the Ukraine war could push up prices
admin, , Business, 0
As a leading commodities exporter, Russia is one of the world’s largest suppliers of metals used in everything from...
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Boeing 737 Max: Indonesia lifts ban after 2018 Lion Air crash
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“We have taken enough time to monitor the design modification work and the more than 20 months of rigorous...
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US firms add more jobs than expected in May
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As companies compete for workers, pay has been rising faster than it has in years. Last month, the average...
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US to ban Russian diamond and vodka imports
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By removing this status from Russia, G7 countries will be able to target its exports with punitive tariffs, or...
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Stamp duty change expected to spark homebuying rush
admin, , Business, 0
Home sales will “jump” at the beginning of next year as people try to buy before the rise in...
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Deliveroo shares tumble on stock market debut
admin, , Business, 0
Some of the UK’s biggest investment fund managers, including Aberdeen Standard, Aviva Investors, BMO Global, charity fund manager CCLA,...
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British Gas staff start five-day strike over pay
admin, , Business, 0
In June, Centrica said it planned to to cut around 5,000 jobs to “arrest the decline” of the company.
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Government borrowing costs rise after PM’s U-turn
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“It’s unlikely that the removal of Kwasi Kwarteng as chancellor and the new plans to cancel the cancellation of...
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