Rishi Sunak has been lambasted for announcing a major U-turn on climate policies which Labour said they will reverse if they win the next election. The prime minister is reversing the ban on sales of new diesel and petrol cars that was due to come into place in 2030. Sunak said he will delay that […]
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Ofgem is to announce the new energy price cap for the October to December period on Friday. Thinktank Resolution Foundation has accused the energy regulator of sanctioning energy companies applying “unfair” prices, warning that more than seven million households will likely face higher energy bills than last winter. Resolution Foundation revealed that higher standing charges […]
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The Labour party has taken a 28 point lead over the Conservatives among women voters according to a YouGov poll of more than 5,000 people, which gives Sir Keir Starmer a 21 point lead among men. Money worries is the driving factor for women, especially those aged under-50, according to analysis by thinktank Labour Together, […]
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Poverty campaigners have criticised British Gas and said the UK’s energy system is broken after the company posted profits of almost £1 billion for the first six months of the year. British Gas – which supplies 7.52 million households in the UK – said about half of its profits were due to keeping the energy […]
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A million households will be paying an extra £6,000 per year in mortgage costs by the end of 2026, the Bank of England has warned. Rising interest rates, hiked to tackle inflation, is increasing the pressure on mortgage holders and businesses. But in its report, the BoE said that while borrowers may struggle with rsising […]
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The Bank of England has raised the UK interest rate for the 12th consecutive time, hiking the base rate from 4.25% to 4.5% – the highest level in 15 years. The decision by the BoE’s Monetary Policy Committee (MPC) to raise the interest rate will increase mortgage costs for homeowners. Increasing the cost of borrowing […]
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Children’s charity Coram published its annual Childcare Survey today. The report points to significant childcare shortages, with children from disadvantaged areas missing out the most. Only half of all local areas have sufficient childcare places for under two-year-olds, down seven per cent from last year. Only 48 per cent of local authorities have enough places […]
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Millions of households across the UK will see their energy bills soar by around 40% from April after chancellor Jeremy Hunt ruled out extending the government’s rebate scheme which ends next month. The energy price guarantee (EPG) has capped average household energy bills at £2,500 but this will rise to £3,000 from March. Simultaneously, the […]
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Almost 100 charities have sent a letter to Jeremy Hunt urging him to introduce a social energy tariff to protect low-income households. In an open letter to the Chancellor, they warn that the end of the universal energy support scheduled for April “will leave many older and disabled people in increasingly desperate situations”. 95 charities […]
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Rishi Sunak has used the cover of getting tough on immigration to ditch another manifesto promise and abandon a key levelling-up pledge to protect workers from rogue employers. Perhaps it was a strategy devised at Monday’s (Dec 12) emergency Cobra meeting on how the government – but more importantly the country – will cope with […]
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