Payments were likely to be at a similar level to last year’s £3,000 per MWh, it said, but how much would be passed on to customers and in what form – whether as cash payments, vouchers or even in the form of a prize lottery – was at suppliers’ discretion.
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No room for tax cuts or spending rises, IFS think tank warns
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“But poor growth and very high spending on debt interest over the next few years mean that the national...
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Car insurance sees biggest price drop in six years
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He added that the quote an insurer gives you depends on a set of personalised circumstances, including the type...
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MH370: Could missing Malaysian Airlines plane finally be found?
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Mr Gleave said: “If you are choosing to hide the aeroplane in the Southern Indian Ocean, just make sure...
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People face biggest drop in living standards since 1956
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But the OBR, which publishes its economic forecasts twice a year, said Russia’s invasion of Ukraine had “major repercussions...
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UK banking rules in biggest shake-up in more than 30 years
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Leading hedge fund manager Sir Paul Marshall of Marshall Wace recently described the London financial markets as a “Jurassic...
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ChatGPT owner in probe over risks around false answers
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ChatGPT generates convincing human-like responses to user queries within seconds, instead of the series of links generated by a...
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China: Evergrande shares rise as Hong Kong trading resumes
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The announcement also addressed concerns about the firm’s financial position: “With regard to the company’s current liquidity situation, the...
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HMV boss says more people buying DVDs and Blu-ray
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More shoppers are buying Blu-Ray and DVDs of movies and TV shows despite the rise in streaming platforms, the...
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