Tag: bills
Ed Miliband hints at cut to VAT on energy bills
The government is looking at the possibility of cutting the rate of VAT on energy bills, Ed Miliband has suggested. The energy secretary said he would not speculate ahead of the chancellor’s Budget in November. But asked if the government would consider scrapping the 5% rate, he told the BBC the country was facing a…
More young people say rising bills now stopping them moving out
Leoni Clancey and her boyfriend had saved for years to be able to move out of their parents’ homes and into their first rental property together. But nine months later all their savings had disappeared on living costs and they both moved back home. The 21-year-old is now sharing a bedroom with her 10-year-old sister.…
Customers urged to fix energy bills as prices fall from July
Households are being urged to shop around for cheaper energy deals as prices fall from July. A typical gas and electricity bill will fall by £11 a month from July and regulator Ofgem said switching to a fixed deal could be better value for many customers. It said shopping around could lead to a £200…
Bills push inflation to highest in more than a year
A rise in the cost of household bills has pushed UK inflation to its highest rate in more than a year, according to official data. Inflation was 3.5% in April, up from 2.6% in March and higher than economists had expected. Water, gas and electricity prices all went up on 1 April along with a…
What you need to know about the bills going up this week
The start of April means several household bills will go up. The exact amount you pay will depend on your individual circumstances and where you live. Although minimum wages are also increasing, and wages on average have been outpacing inflation, household finances could still come under extra pressure. Here are seven ways in which you…
Energy bills to rise by more than expected in April
Energy bills for a typical household will rise by more than £100 a year in April under regulator Ofgem’s new cap – a higher-than-expected increase adding pressure on people’s finances. The 6.4% increase means a household using a typical amount of gas and electricity will see their annual bill rise by £111 a year to…
Schools tell BBC about ‘astronomical’ bills as 25-year repair contract heads into meltdown
Schools across a city are caught up in an increasingly bitter row over repairs, with some telling the BBC they’ve had to fight to get work done while paying “astronomical” charges over 25 years. The Stoke-on-Trent schools are all locked into a multi-million-pound Private Finance Initiative (PFI) contract, meaning they pay a company to keep…
The Papers: Energy bills ‘to rise further’ and world rings in 2025
“So much for cutting our energy bills!” is the headline on the front of The Daily Mail. It’s one of several papers to highlight increases in fuel costs for households. The Mail says Labour promised to slash prices, but the paper warns that families are now facing three hikes to the energy price cap in…