UK growth forecast upgraded by IMF, but 2027 slowdown looms
Energy bills and council tax increases add to household cost pressures The International Monetary Fund (IMF) expects the UK economy to expand by 1.3% in 2026, revising its earlier prediction upwards. However, it anticipates a tougher year ahead, with expensive energy and higher interest rates likely to slow growth in 2027. The global economy has […]
5 days ago
Energy price cap rises today – here’s how to avoid paying hundreds more
All you need to know about the rise From Wednesday (1 October), there is a new energy price cap as the average annual energy bills rise by £60 for a typical household. For the next three months, the 4% rise in the energy price cap will see billpayers in a typical dual fuel home pay […]
2 weeks ago
Martin Lewis issues advice on how to save money ahead of energy price cap hike
It might come in handy Martin Lewis has said that the latest rise by Ofgem – which confirmed the UK’s energy price cap will go up by 4% on October 1, adding an extra £60 a year to the typical dual fuel bill – “would’ve been even worse” without the recent domestic electricity VAT cut. […]
1 month ago
How much energy price cap and bills are expected to increase in July ‘revealed’
Not as bad as initially thought Leading forecaster Cornwall Insight has revealed the level of the rise of energy price cap this summer. According to the forecaster, the energy price cap is expected to rise in July of this year. The current £1,641 cap is in place until 30 June, however, it is expected to […]
6 months ago
Landlords warn of mass pub closures ‘within months’ as energy bills make trade unsustainable
Pubs are facing price hikes upwards of 300 per cent Landlords have warned of imminent pub closures amid a dramatic spike in the price of energy. Bosses from the UK’s six biggest pub and brewing companies have signed an open letter to the Government urging it to act in order to avoid “real and serious irreversible” […]
4 years ago
Nearly one in four Brits won’t turn heating on this winter – shocking poll reveals
The Lib Dems called it a “national scandal” New polling has put the impending cost-of-living crisis into perspective after it was revealed nearly one in four adults are planning to leave their heating off throughout the winter. A survey by Savanta ComRes of 2,000 UK adults found 23 per cent of Brits will not turn […]
4 years ago