Call for means-tested grants or loans to cover upfront costs that prevent poorer households from benefiting
Poorer households could cut their energy bills by a quarter if solar panels were installed on their rooftops, a report has found.
However, the upfront costs mean that those who stand to benefit most from decreased energy bills are prevented from getting panels installed, according to the Resolution Foundation thinktank.
Continue reading...Schemes backed by previous government to improve energy efficiency have left homeowners unable to sell
Almost 40 building companies have been blocked by the government from installing insulation amid a growing outcry over the profusion of botched jobs across the UK.
Ministers also announced that any homes found to have received botched insulation would have the issues put right by the installer responsible at no extra cost to the homeowner.
Continue reading...Trade unions body finds 17% have skipped meal in past three months, and as many as 10% do so most days
As many as one in six workers in Britain are skipping meals to make ends meet as households remain under pressure from the higher cost of groceries, energy and other essentials.
Highlighting the impact of the cost of living crisis on working households, figures from the Trades Union Congress (TUC) showed 17% of full- or part-time workers had skipped a meal to reduce their spending in the past three months.
Continue reading...Average annual bill in England, Scotland and Wales increases by 1.2% to £1,738 from New Year’s Day
Nine million homes will face higher energy bills from Wednesday as Britain braces for freezing temperatures and snow warnings for the new year period.
The average energy bill for households across England, Scotland and Wales will rise by 1.2% from New Year’s Day to £1,738 a year for a typical household after the energy regulator raised its cap on gas and electricity charges.
Continue reading...Green energy entrepreneur voices concerns over project’s funding and ‘spiralling costs’ of UK’s other nuclear plants
The government’s new value for money tsar has been challenged to examine the costs of a nuclear power station to be given final approval next year, as ministers attempt to shore up private investment for the project.
New nuclear plants are a key part of the government’s plan to have clean power by 2030. The Sizewell C reactor, billed as generating enough energy to power 6m homes, is expected to be given the final go ahead in June’s review of public spending. Its projected costs are in excess of £20bn.
Continue reading...The government claims to be fixing the economy but households may face more pressure in the months ahead
Labour swept to power in the wake of a cost of living crisis that hit households hard, with the price of food and energy rocketing alongside the impact of Liz Truss’s disastrous mini-budget on mortgage rates.
At 2.3%, inflation is nowhere the 10% peak after Russia’s invasion of Ukraine, but it is creeping up, and could hit 3% in 2025, say forecasters.
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Begbies Traynor also reveals that their employment costs are expected to rise by £1.25m due to the increase in employers’ national insurance contributions.
The company is “reviewing options to mitigate the impact where possible”.
“Additional headwinds for UK business from increased employment costs and the prospect of higher for longer interest rates are likely to extend the period of elevated insolvency levels, increasing the need for advice and support from our insolvency and business recovery professionals.”
“We have made a very good start to the year with double digit growth in revenue and profits driven by positive momentum across the group. This gives us confidence that we will deliver market expectations for the year as a whole.
Continue reading...Price cap for Great Britain forecast to rise to £1,736 a year for average dual-fuel bill, according to Cornwall Insights
Britons have been warned to expect a “disappointing” rise in energy bills in January, adding pressure to household finances, despite earlier hopes that prices may ease early next year.
The price cap for Great Britain is forecast to rise to £1,736 a year for the average dual-fuel bill, according to Cornwall Insights, a well-respected energy consultancy. This is a rise of 1% from the current price cap, which increased last month to £1,717 a year for a typical consumer.
Continue reading...Energy crisis panel warns country is ‘dangerously unprepared’ and must shift away from gas quickly
Britain is at risk of experiencing a repeat of the sharp increase in energy costs which has fuelled the continuing cost of living crisis because it relies too heavily on gas, according to an expert panel of industry leaders.
The Energy Crisis Commission has warned that the UK is still “dangerously underprepared” for another crisis because it continues to rely on gas for its power plants and home heating.
Continue reading...Party donor Dale Vince warns that urging homeowners to switch to clean-power technology risks political storm bigger than Ulez
The government risks a huge political backlash if it keeps pushing the public to install heat pumps to replace their boilers, one of Britain’s leading green entrepreneurs has warned.
Dale Vince, a major Labour donor and renewable energy advocate, called on Keir Starmer to rethink national programmes, championed by Boris Johnson, pushing the technology. Vince argued that Whitehall should explore alternatives to the devices, which he said were expensive, caused serious disruption and could end up increasing energy bills for some people.
Continue reading...Customer disputes over sewage spills, billing mistakes and water meters soar in past year
The number of customer complaints that were unable to be resolved by water companies in England and Wales has risen by almost a third to the highest level in nearly a decade.
There was a 29% increase in 2023-24 in cases escalated to the Consumer Council for Water (CCW) by households that failed to achieve a resolution from their supplier, the watchdog said.
Continue reading...Consumer champion urges consumers to head to a price comparison website to find a cheaper deal
The consumer champion Martin Lewis has said that the energy price cap should be called the energy “pants cap” because there are much cheaper energy deals available.
The cap is adjusted every quarter by Ofgem, the energy regulator for Great Britain, and imposes a maximum on how much suppliers can charge customers for each unit of gas and electricity. On Tuesday it increased by nearly £150 to the equivalent of £1,717 a year for an average dual-fuel household paying by direct debit.
Continue reading...Businesses in England and Wales say they are paying for ‘historic errors’ by water suppliers
Small businesses have accused water suppliers of saddling them with the cost of “historic errors” made by bosses in the scandal-hit industry, as it emerged their bills will rise nearly 30% by 2030.
The water industry regulator, Ofwat, has told businesses that it expects average wholesale charges for non-household customers – which include small firms, charities and hospitals – to increase by about 27% before inflation over the next five years, outstripping the anticipated rise in household bills.
Continue reading...A surge in claims for pension credit will make thousands more people eligible for the payments and other benefits
Rachel Reeves has been warned that her cut to pensioner winter fuel payments risks saving hundreds of millions less than anticipated, in a new blow to her attempts to close the hole in Britain’s finances.
The chancellor and her Treasury team are already re-examining parts of a plan to crack down on non-dom tax status over concerns that it may not raise any money.
Continue reading...A further 175,000 pensioners are likely to stop receiving allowance under such plans, official figures show
A further 175,000 pensioners could lose the winter fuel allowance if the benefit becomes means tested, data suggests.
About 11.6 million people in the UK received the benefit last winter, an increase of 214,000 on the previous year, according to figures released on Tuesday by the Department for Work and Pensions (DWP). The overwhelming majority are to have this removed this winter under plans announced by the Labour government to cut spending on the benefit.
Continue reading...While Commons rebellion was small-scale, behind the scenes, anger over handling of the policy is said to run high
In the end, the vote to cut the winter fuel allowance passed easily. Hundreds of loyalist Labour MPs tramped through the lobbies to back the government’s controversial plan. No 10 will hope the heat has gone out of the issue.
But despite dodging a major rebellion, plenty in government were not taking much comfort from the result. Scores of MPs abstained in silent protest, fearful that they could be condemning vulnerable pensioners to a cold, hard winter.
Continue reading...Exclusive: Debt-ridden company also warned officials of ‘chilling effect’ of any renationalisation
Thames Water has lobbied the government to intervene with the regulator to allow it to charge far higher bills, the Guardian can reveal.
Advisers and board members of the beleaguered water company are understood to have met Whitehall officials in recent weeks to say that allowing it to be temporarily renationalised would have a “chilling effect” on the entire UK’s appeal to international investors, sources familiar with the discussions told the Guardian.
Continue reading...Government discusses measures after criticism over cuts to winter fuel payments
Ministers have committed to help households struggling with their gas and electricity bills this winter after energy industry bosses warned that consumer debt had climbed to more than £3bn.
With Labour under fire for scrapping universal winter fuel payments to pensioners, ministers met energy industry bosses on Wednesday to discuss ways of supporting struggling households through the coming colder months.
Continue reading...Debt-laden company tells Ofwat if it cannot charge customers 59% more, it ‘would prevent company turnaround and recovery’
Thames Water has said it will be unable to recover from its funding crisis if it is blocked from charging customers significantly more, as it proposed to pile an extra £228 a year on to household bills.
The debt-laden company said the increase to bills that has been proposed by the industry regulator, Ofwat, leaves its activities “neither financeable nor investible”.
Continue reading...Labour leader tells working people rot left by Conservatives is so much worse than imagined and improvement won’t happen overnight
British people will have to endure even worse economic and social pressures in the months to come as the Labour government takes “unpopular decisions” to rebuild the country from “rubble and ruin” left by the Tories, Keir Starmer will warn this week.
With the prime minister under mounting pressure from within his own party to help people struggling with rising fuel payments and millions of families in poverty, Starmer will strike a defiant note against those demanding U-turns from his ministers, saying “tough choices” will have to be made before any recovery is possible.
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