Middle-income families will also find it hard to cope with new energy cap in April, says thinktankThe number of households suffering from “fuel stress” – those spending at least 10% of their family budgets on energy bills – is set to treble to 6.3m ove…
Protecting vulnerable from £700 hike in energy bills means hard choices now | Nils Pratley
The options are unattractive but a massively expanded warm homes scheme gets the vote hereIt’s choose your poison time for a government that must know allowing low-income households to suffer the full blast of the scheduled rise in energy bills in Apri…
PMQs: Boris Johnson and Angela Rayner clash over energy prices and inflation
Prime minister talks up rising employment and makes false claims over inflationBoris Johnson and Angela Rayner have clashed over energy prices and the wider cost of living in the first prime minister’s questions of the year, during which Johnson made a…
If you’ve resolved to improve your finances for the new year …
We asked a range of experts to set out a strategy to tackle all the most common money problemsIt’s a new year and many of us are looking for a fresh start after a very difficult 2021. We’ve asked a group of experts for their advice on how to tackle som…
Energy crisis: Treasury reprimands Kwarteng after help for firms claim
Source close to Rishi Sunak accuses business secretary of ‘making up’ talks with chancellor about supportThe Treasury has issued an extraordinary reprimand to the business secretary, Kwasi Kwarteng, after he suggested he was consulting the chancellor, …
Energy crisis: Tory MPs join Labour in urging support for heavy industry
Households expected to be hit by massive bills in spring after 250% rise in gas prices since JanuaryInstant bill increases for millions of customers will be held back by maintaining the energy price cap, the business secretary has said, as he resists a…
UK faces ‘grim winter’ with households already paying £442 extra in bills
Analysts warn cost of living crisis is gathering pace amid fast rises in petrol, food and energy billsWatch out for hidden ‘shrinkflation’ price hikes, analysts warnRising inflation ‘could trigger global sell-off that would harm UK’Households face a “p…
Omni Energy switched unprofitable customers without express consent
Firm is struggling financially with record high gas prices and removed customers who used the most energyA struggling household energy supplier switched thousands of unprofitable customers to rival companies without their express consent, in an apparen…
Russia pushes for Nord Stream 2 certification amid energy crisis; UK house prices soar – business live
Rolling coverage of the latest economic and financial newsIntroduction: Russia says Nord Stream 2 clearance may cool gas prices in EuropePutin offered to stabilise energy crisis on WednesdayHalifax: House prices jumped 1.7% in SeptemberBiggest monthly …
Omni Energy predicts it will be 13th UK provider to go bust
Firm tells customers it will switch them to another supplier unless they objectThe UK household electricity company Omni Energy has said it expects to become the 13th energy supplier to go bust this year, unless the gas price crisis eases before winter…