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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New chancellor Jeremy Hunt has announced almost every part of his predecessor’s mini-budget and fiscal policy will be reversed, including the two year £2,500 energy price cap, which will now only last for six months. Hunt said the government will end the cap on energy prices in April and “will reverse almost all the tax […]
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Enough is Enough protests against the spiralling cost of living crisis will be held in 50 of the UK’s biggest cities and towns tomorrow (October 1) – the same day the new energy bill price cap begins. The campaign group’s first “national day of action” will see simultaneous events in London, Edinburgh, Cardiff, Birmingham, Glasgow, […]
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Councils across Britain are looking at opening “warm banks” to provide places for people struggling to pay their energy bills this winter. Art galleries, museums and libraries will all become refuges when bills soar to more than £3,500 in October – three times more than the cost last winter. Some 8.9 million households are predicted […]
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Liz Truss is reported to be considering a 5% cut to VAT which could save families £26 per week/£1,300 per year to deal with the deepening cost of living crisis. It would be the largest ever reduction in the headline rate of VAT (currently at 20%) which officials say would also help businesses struggling to […]
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Caretaker prime minister Boris Johnson is continuing his (second) holiday (in two weeks) with the country relieved to learn from Downing Street that he will be kept informed of any “urgent issues” while he enjoys his jollies. This week Johnson in Greece (a week after returning from his eco-hotel honeymoon in Slovenia) and No 10 […]
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Almost half of Britons fear there will be riots if the government does not provide more help with the cost of living crisis as energy bills are forecast to surge past £4,200. More than half of the country (55%) believe an organised campaign not to pay energy bills is justified, according to the Independent, while […]
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Gordon Brown is demanding an emergency budget to address the “financial timebomb” that “will explode” in October and leave half of the UK’s population in fuel poverty, causing “a humanitarian crisis”. The former Labour prime minister said Boris Johnson, Liz Truss and Rishi Sunak must agree an emergency budget this week otherwise “parliament should be […]
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The Bank of England has raised interest rates by 0.5% to 1.75% and given a bleak warning that the UK faces a lengthy recession that will hit millions of the most vulnerable people hardest. UK interest rates are now at the highest level since January 2009 and today’s 0.5% hike is the steepest in 27 […]
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