85 minutes ago UK private sector is contracting as firms give ‘thumbs down’ to the budget, hitting pound – business live

Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...

Economics

2 hours ago Martin Lewis 'simple' tip gives 'immediate' savings on energy bills after price cap rise

Energy regulator Ofgem has announced that the energy price cap will rise by 1.2 per cent from 1 January 2025 - increasing electricity and gas bills for people across the UK

Economics

5 hours ago Energy price cap: Martin Lewis reveals the 'one thing' you should do right now as bills rise

Ofgem's energy price cap will increase by 1.2% from £1,717 to £1,738 from January 1 for a typical household in England, Scotland and Wales

Economics

6 hours ago UK private sector contracting as firms give ‘thumbs down’ to the budget – business live

Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...

Economics

6 hours ago What is the Ofgem energy price cap? Households to face higher energy bills

Billpayers are bracing themselves for a colder season that could strain their budgets

Economics

7 hours ago Cold Weather Payment checker: See if you're due £25 as energy bills rise again

Cold Weather Payments are issued by the Department for Work and Pensions (DWP) when the average temperature where you live hits zero degrees or below over seven consecutive days

Economics

8 hours ago Government urged to help struggling households with rising energy bills; budget uncertainty hits retail sales – business live

Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...

Economics

8 hours ago Household energy bills to rise again in January as cold weather grips UK

Typical household bill will increase from £1,717 to £1,738-a-year, or around £1.75-a-month, from January 1

Society

9 hours ago British households’ energy bills will rise by 1.2% in January – business live

Rolling coverage of the latest economic and financial newsWhat is the energy price cap and can I cut my bill?Citizens Advice fears that households with children and those on lower incomes will struggle to keep warm this winter:Alex Belsham-Harris, head of energy policy at Citizens Advice says: “Energy prices remaining relatively stable over winter will offer cold comfort to millions across the country already struggling to afford bills. It comes as people are falling further and further behind on their energy bills, with the amount owed to suppliers now a record £3.7 billion.“As colder weather sets in, we’re particularly worried about households with children and those on lower incomes, who are most likely to struggle with their heating costs.“The decision to introduce a price cap chang...

Society