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Tag: British Chamber of Commerce

oday (February 3) has been dubbed Black Thursday after record energy price hikes and an interest rate rise were confirmed by Ofgem and the Bank of England. Photo from Pxhere

‘Black Thursday’ – living standards will plummet as energy costs surge

3 February 202219 January 2024Joe Cahal0

UK families will be hit with a record rise in energy costs leading to the biggest fall in living standards since records began, the Bank of England (BoE) said on what has been dubbed ‘Black Thursday’. Energy regulator Ofgem today (February 3) confirmed the price cap will rise by 54% in April while the BoE […]

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