Sales boost for B&Q and Screwfix owner amid rush for energy-saving products

Kingfisher says sales of loft insulation roll more than double while smart thermostats rose by nearly a third

The B&Q owner, Kingfisher, has reported higher sales as fears over higher gas and electricity costs boosted demand for energy-efficient products including insulation roll and smart thermostats.

The retail group, which also owns the hardware trade supplier Screwfix, said customers who invested in a raft of energy-saving DIY products helped increase group sales by 0.6% to £3.3bn in the three months to October. When stripping out the impact of the weaker pound, sales were up 1.7%.

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Annual UK energy bills would have hit £4,279 without emergency support, Ofgem says

Regulator raises cap for start of 2023 by £730 but government limits typical bill to £3,000 from April

The energy regulator Ofgem has said its price cap will reach £4,279 from January – but households will be shielded by the government’s emergency intervention to keep a lid on bills.

Ofgem said the cap, which is adjusted every quarter, will increase by £730 for the three months from the start of next year. However, the government’s energy price guarantee (EPG) will limit typical household bills to £2,500. Analysts had expected the cap to sit at about £4,200.

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Energy bills: thousands of UK households in limbo over £400 support

Concerns grow that people relying on communal heating may not receive state discount promised

Thousands of people living in homes with centrally supplied electricity are still waiting to hear if and when the UK government will pay them the £400 promised under the energy bills support scheme.

While those living in conventional homes with standard electricity meters are due to receive their second monthly payment of £66, concern is growing among some of the several hundred thousand households that receive their electricity via a communal supply that they will not see any of the money they have been promised.

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Cost of using electric car charging point in UK up 42% since May

Soaring energy prices after invasion of Ukraine have added almost £10 to cost of charging family-sized car, says RAC

The price of charging an electric car using a public rapid charger has jumped by almost £10 since May because of soaring energy costs after Russia’s invasion of Ukraine.

The increased price of wholesale gas and electricity has pushed up the price to charge an average family-size car by 42% to above £32, according to analysis by the RAC. That was £9.60 more than in May, and £13.59 more than a year earlier.

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Unions threaten ‘waves of industrial action’ over UK cost of living crisis

Move could see synchronised strikes in autumn as new prime minister takes office

Britain is facing a wave of coordinated industrial action by striking unions this autumn in protest at the escalating cost of living crisis, the Observer can reveal.

A series of motions tabled by the country’s biggest unions ahead of the TUC congress next month demand that they work closely together to maximise their impact and “win” the fight for inflation-related pay rises.

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Labour sets out plan to link minimum wage to cost of living

Exclusive: Earnings of lowest paid could rise by £832; lower rates for 18- to 22-year-olds to be scrapped

Labour has drawn up plans to put hundreds of pounds into the pockets of the lowest paid by instructing the Low Pay Commission to factor in living costs when it sets the minimum wage.

They also want to scrap the lower pay categories for workers aged between 18 and 22, so they would all be paid at the higher rate.

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UK food price rises could hit 15% over summer, report says

Ukraine war, China lockdowns and Brexit help push up inflation, with products that rely on wheat worst hit

Food price rises in the UK could hit 15% this summer – the highest level in more than 20 years – with inflation lasting into the middle of next year, according to a report.

Meat, cereals, dairy, fruit and vegetables are likely to be the worst affected as the war in Ukraine combines with production lockdowns in China and export bans on key food stuffs such as palm oil from Indonesia and wheat from India, the grocery trade body IGD warns.

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From energy costs to TV bills: what has gone up in price today?

Britons face a shock as household costs soar – and some unexpected items such as beer also go up

It’s been dubbed “bleak Friday” by some: pre-announced price rises for many household bills are to take effect on 1 April, adding to the misery for consumers who are already paying more for goods and food than this time last year.

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Johnson’s Germany comparison highlights UK’s low sick pay

Proportion of UK worker’s salary covered is typically less than quarter of Germany’s 100% in first six weeks

Asked this week about whether his move to drop Covid isolation requirements would drive infectious workers into the office, Boris Johnson said UK workers should learn from their German counterparts and stay home when unwell.

The prime minister did not mention the stark differences in the support available for British workers compared with Germany and the rest of the world, and whether this could explain their reluctance to take a sick day.

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Are the 2020s really like living back in the 1970s? I wish …

With queues for petrol, inflation and Abba on the radio, it’s easy to compare the two decades. But you wouldn’t if you were there, says Polly Toynbee, as she revisits the styles of her youth

Queueing for petrol, I turn on the radio and there are Abba, singing their latest hit. Shortages on shop shelves are headline news, with warnings of a panic-buying Christmas. And national debt is sky high. But this isn’t the 1970s; it’s 2021. People who weren’t born then have been calling this a return to that decade. There are similarities, of course: this retro-thought was sparked by the recent petrol queues, people as frantic to fill up to get to work as I remember back then. Elsewhere, flowing floral midi dresses are back, just like the ones I wore; Aldi is selling rattan hanging egg chairs; and, as well as Abba, the charts have been topped by Elton John. But is this really a 1970s reprise?

No, nothing like it; not history repeated, not even as farce – just a stylist’s pastiche, as bold as the wallpaper I’m posing in front of here. Folk memory preserves only the 1974 three-day week; the miners’ strike blackouts, with no street lights and candle shortages; the embargo that quadrupled the price of oil. True, I did queue at the coal merchant’s to fire up an ancient stove for lack of any other heat or light. But the decade shouldn’t be defined by this, or by 1978-79’s “winter of discontent” strikes, a brief but pungent time of rubbish uncollected and (a very few) bodies unburied by council gravediggers.

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Boomerang boomers: the over-50s moving back in with their parents

Financial and relationship woes caused by Covid in the UK are driving a rise in older people returning to live with family

The Covid pandemic has led to growing numbers of baby boomers in Britain moving back in with their elderly parents, experts have said.

The reasons are varied, from the positive grown-up children ensuring their parents had care and company during lockdowns to the negative, including financial and relationship breakdowns.

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‘You’re not snowflakes’: baby boomers answer gen Z’s biggest questions

It can feel as if the generation gap is wider than ever – but not when people really talk. Here, four sixtysomethings offer advice to those in their teens and 20s

We live in an era in which, for the most part, the generations do not mix frequently. Grandparents are visited occasionally; young people seek the freedom of independent living as early as possible. On social media, intergenerational warfare is commonplace, as members of gen Z (those born between the mid-90s and the early 10s) criticise older people for hoarding wealth, while baby boomers bemoan the perceived sensitivity of the younger generation.

But what would happen if baby boomers gave the TikToking young adults of today an insight into their thinking – and threw some life advice into the bargain? To that end, we assembled a panel of baby boomers – Tayo Idowu, 64, a marketing director from London; Liz Richards, 68, a retired nurse from Derby; Paul Gibson, 63, an accountant from Arundel, West Sussex; and Maggie Tata, 65, a carer from London – to answer gen Z’s questions (even the tongue-in-cheek ones).

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Tens of thousands in UK avoided universal credit during Covid over stigma

Fear of being seen as a “scrounger” meant those entitled didn’t sign on during early stage of pandemic

Tens of thousands of people did not claim universal credit during the early part of the pandemic because they felt too ashamed to sign on benefits, often despite struggling to pay rent and bills, a study has found.

The perceived stigma around benefits – with some people feeling, for example, that they were for “dole scroungers” and “freeloaders” – meant many refused state help, or put off making a claim until they ran into serious difficulty.

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Nine in 10 councils in England see rise in people using food banks

Local authorities reveal devastating toll of coronavirus on households who have struggled to keep a roof over their heads

A rise in the use of food banks and an increase in family disputes requiring mediation has been seen across most of England, according to new research that uncovers the pressures on families during the Covid crisis.

Most local councils in England have also reported increased numbers of people needing help for homelessness, with warnings that many poorer households will face “disaster” unless emergency support is extended well beyond the pandemic.

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Top UK bosses are paid 115 times more than average worker, analysis finds

Vast gap in earnings described as ‘unfair’ and ‘repugnant’ by trade union leaders

Bosses of top British companies will have made more money by teatime on Wednesday than the average UK worker will earn in the entire year, according to an independent analysis of the vast gap in pay between chief executives and everyone else.

The chief executives of FTSE 100 companies are paid a median average of £3.6m a year, which works out at 115 times the £31,461 collected by full-time UK workers on average, according to research by the High Pay Centre thinktank.

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UN report: half a billion people struggle to find adequate paid work

Study also shows global unemployment due to rise for the first time in a decade

Nearly half a billion people around the world are struggling to find adequate paid work, trapping individuals in poverty and fuelling heightened levels of inequality, according to a UN report.

In a study published as world leaders fly into the Swiss ski resort of Davos to voice concerns over inequality and the climate crisis, the UN’s International Labour Organization (ILO) said more than 473 million people around the world lacked the employment opportunities to meet their needs.

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Pay rise for nearly 2 million as UK living wage goes up by 4.9%

Legal adult minimum of £8.21 an hour still leaves millions struggling, say campaigners

Almost 2 million workers in the UK are in line for a pay rise on Monday as the legal minimum wage increases by nearly 5%.

Adults on pay rates rebranded as the “national living wage” will receive a 4.9% rise from £7.83 to £8.21 an hour, worth an extra £690 over a year and affecting around 1.6 million people. The hourly rate for 21- to 24-year-olds will go up from £7.38 to £7.70, and for 18- to 20-year-olds from £5.90 to £6.15 in increases that cover about 230,000 people.

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