Ofgem’s current cap for an average household is £3,280, but consumers aren’t directly affected by it because the government’s guarantee scheme has a lower threshold. That will change in July when the cap falls and the threshold for the guarantee rises to £3,000.
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Higher rates punish low paid, says Bank’s Swati Dhingra
admin, , Business, 0
“The kinds of price increases that we’re seeing, which is energy and food, those will typically impact those people...
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Retailers call for ‘Shop Out to Help Out’ scheme when stores reopen
admin, , Business, 0
She and her business partner Kim will spend up to £1,000 on reopening promotional activities, including giving away a...
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Asda in cheap food promise after Jack Monroe complaints
admin, , Business, 0
She criticised Asda for discontinuing some budget products, such as a bag of rice sold online for 45p and...
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Metal, money, mystery: How Sanjeev Gupta built his empire
admin, , Business, 0
That commitment is guaranteed by the Scottish government, which in return receives a fee and security over Gupta assets,...
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HS2: ‘Crazy’ not to review project over soaring costs – Shapps
admin, , Business, 0
The bosses of dozens of businesses and business groups – including Manchester Airports Group, British Land, Virgin Money, and...
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Sports Direct founder Mike Ashley to quit Frasers’ board
admin, , Business, 0
Later that year, his public profile increased when he bought majority control of Newcastle United. However, his tenure was...
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Why can’t the US stop soaring oil and gas prices?
admin, , Business, 0
And while many small private companies, like Mr Wendt’s, are still pushing to boost output, the biggest firms have...
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Amazon strikes: Workers claim their toilet breaks are timed
admin, , Business, 0
As UK Amazon workers strike for the first time, staff in Coventry tell the BBC why they are walking...
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