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…
E.ON and Octopus are less than smart over my meter mix-up
I switched to Octopus, but E.ON is still charging me for gasI moved house at the end of March and applied to transfer our new electricity and gas accounts to our old supplier, Octopus.While the electricity switch was fine, moving the gas account has sl…
UK diesel prices reach record high in blow to households and businesses
Average price hit 147.94p a litre on Sunday, up by 30p over the past yearUK diesel prices have reached a record high at the pumps, one week after petrol prices hit their highest ever level in a blow to hard-hit households and small businesses.About 12….
UK’s supply chain crisis hits business growth and consumer confidence – business live
Rolling coverage of the latest economic and financial newsBDO: Output growth across UK businesses lowest since lockdownPwC: Consumer confidence hit by inflation, energy crisis and HGV driver shortagesEnergy crisis: Treasury reprimands Kwarteng after he…
Why it’s high time to move on from ‘just-in-time’ supply chains | Kim Moody
This logistical model is the engine of breakneck capitalism. But its fragility is now being exposedA price shock on the global natural gas markets brings down several small energy providers, leaving customers without heating and facing rising fuel pric…
Kwasi Kwarteng accused of misleading claims over power cable project
Letter from 2019 reveals business secretary supported £1.2bn project linked to Conservative donorA cabinet minister has been accused of making misleading claims about a £1.2bn cable project linked to a Conservative donor.Almost one in 10 Conservative M…
Will October again be memorable for wrong reasons as economic risks build? | Larry Elliott
Bad things happen in this month and, as IMF prepares for annual meeting, signs of a crisis loomBad things happen in October. It was in this month 13 years ago that the global banking system came close to imploding. There was a stock market bloodbath in…
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, …
Like it or not, with Nord Stream 2, Putin has a foot on the gas Europe badly needs
With Gazprom’s flagship pipeline poised to deliver energy under the Baltic, leaders have little choice but to do businessAfter years of debate in Germany and beyond, the Russian state-backed energy giant Gazprom confirmed last month that it had finish…