Energy bills how much

Douglas Fraser Published 27 April Share close Share page Copy link About sharing Businesses do not have the householders' protection of an energy price cap, though many have been helped by fixing their prices last autumn, before the surge in prices began. That lasts, for many, until autumn, and now is the time they are finding out how much more they will have to pay. Some, in Glasgow, are rebelling. Some firms can pass on extra costs to customers, including energy suppliers themselves. But for others, they face the daunting task of absorbing costs or losing custom. Barista and businessman Robbie Gray had enough of the soaring electricity bills for the Canary Girl Cafe. "It's like staring into the abyss and not knowing what's coming," he says. "I'm not the kind of person who's afraid of their bills, but the last few months, I've dreaded that little brown envelope coming through the … [Read more...] about Now businesses face soaring energy bills

Boris Johnson takes aim at Labour for lack of nuclear energy Sign up HERE for science breakthroughs in health, business and more that matter SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info As the crippling energy crisis rages on as gas prices soar, the Government is scrambling to find alternative sources of power that can help to drive down bills. One clean alternative is nuclear fusion , which has been dubbed a “Holy Grail” energy source – but the code behind generating this process is yet to be cracked. Related articles Russia's plans are now 'doomed' as Putin 'awakens sleeping giant' Lifeline for millions as goldmine of cheap, reliable and green energy It works by generating electricity by using heat from … [Read more...] about UK unveils nuclear fusion plant set to generate limitless energy and £11bn economy boost

MILLIONS of people on Universal Credit won't get the £650 cost of living payment all at once. Chancellor Rishi Sunak announced the extra cash would be dished out as part of a £15billion emergency package for low income households. More than eight million households will receive the help, which will be paid in two instalments. The first instalment is worth £326 and will land in bank accounts from 14 July - payments will be staggered from there. But the Department for Work and Pensions (DWP) say applicants may not receive money at the same time. The DWP say it's because there are millions of payments that need to go out and they can't all be processed on a single day. Read More On Universal Credit BENEFICIAL DATES Three Universal Credit changes in July and August you need to know about SAVINGS BOOST Millions on Universal Credit missing out on free cash worth £1,200 - are you? The first half of the … [Read more...] about Warning to millions of people on Universal Credit as £650 cost of living payment WON’T hit bank accounts in one go

MILLIONS of workers are set to get a pay rise from tomorrow thanks to a government change. The amount of tax people pay will be slashed after changes are made to the way National Insurance is paid. The threshold for making National Insurance contributions (NICs) will rise from £9,500 to £12,570 from July 6. Now, The Sun can exclusively reveal how much more money a range of workers can expect to see in their bank accounts this year. The data reveals shelf stackers will see the biggest drop in National Insurance Contributions (NICs), with an extra £333 heading into their bank accounts this year. Sales assistants are next, with £292 and then hospital porters with £292. Read more in Money FREE CASH How to get £200 supermarket vouchers for food and essentials COSTA LIVING Huge increases at Costa Coffee send prices rocketing to £6.15 a cup The statistics are based on median salaries for each occupation. … [Read more...] about Millions to get pay rise from tomorrow – who will it affect? From supermarket workers to van drivers

THOUSANDS of people who are not eligible for a council tax rebate could still get up to £150 free cash to help with the cost of living crisis. Four in five households are now receiving council tax rebates automatically - the giveaway is part of a package of measures from the Government to help struggling households across the UK. You must be in council tax bands A-D to qualify for the payment, which was announced by the government in February to help with the cost of living crisis. While households who pay their council tax by direct debit will get the money automatically, others will have to apply. The deadline for this has now been extended until roughly September 30, 2022. But the longer you leave it, the longer it will take for your money to come through. Read More On Council Tax TAX TRIM Four ways including Universal Credit which could mean you pay NO council tax pay day Exact date households MUST apply for … [Read more...] about Thousands of people NOT eligible for council tax rebate to get £150 – how to apply

Families on low incomes are enduring a “year of financial fear” and making grim choices such as falling behind on bills, going without essentials or taking on expensive debt, a report has found. The Joseph Rowntree Foundation (JRF) said the cost-of-living crisis and a decade of social security cuts and underfunding are taking a heavy toll. It used a survey of about 4,000 people on low household incomes in May and June (the bottom 40%, which equates to an income of under £25,000 for a couple with no children), for the report. Rather than making the trade-off between heating or eating, one in five (21%) low income households were unable to do either – going without enough food as well as being unable to keep their homes warm, researchers found. Six in 10 (60%) had gone without essentials since the start of 2022, or, had cut down on or skipped meals, or gone hungry in the previous 30 days. Recommended Over £130m handed to housing providers named and … [Read more...] about Families on low incomes suffering ‘year of financial fear’ – charity

Published 4 hours ago comments Comments Share close Share page Copy link About sharing The economic outlook for the UK and the rest of the world has "deteriorated materially", the Bank of England has warned. Energy and fuel costs are rising rapidly around the world, pushing up prices in general more quickly. However, UK banks are in a position to weather even a severe economic downturn, the Bank said. It told banks to keep more money in rainy day funds to ensure they can weather any storm. The Bank's comments came in its latest Financial Stability Report. International forecasters such as the IMF and OECD have said Britain is more susceptible to recession and persistently high inflation than other Western countries, all of which are grappling with energy and commodity market shocks. Why is the UK economy suffering more than other countries? … [Read more...] about UK economic outlook has deteriorated, Bank of England warns

City banks defy Brussels to out-earn French rivals PM urged to back bid for factory at heart of Britain’s food supply FTSE 100 rises 1pc Matthew Lynn: Biden’s global tax plan is sinking rapidly — and good riddance Sign up here for our daily business briefing newsletter T he Kremlin is poised to cut future spending plans by £24bn as Western sanctions against Russia bite. Defence, technology and transport budgets are all set to be trimmed, according to Russian media. More than 1.6 trillion roubles, or £24bn, has been slashed from the Russian state budget over the next three years as Moscow braces for a two-year recession. Spending will be 557bn roubles (£8.2bn) lower in 2023 than previously approved plans, with similar cuts pencilled in for the following two years. The budget tweaks are minor compared to the size of Moscow’s overall budget but the figures are one of the first signs of the fiscal blow being dealt by the conflict in Ukraine. The 2023 … [Read more...] about Kremlin slashes spending by £24bn as West’s sanctions batter Russia

Rising fuel prices are 'crushing' social care workers with some finding they cannot afford to go to work, according to a trade union. Care workers are also leaving jobs in the sector to work at supermarkets due to rising fuel costs according to John Mooney from Unison Scotland. Speaking to BBC Radio Scotland, he said: 'What you have is workers who have 20 visits per day in areas where they have no option but to use their car. 'We have members approaching us and saying that they simply can't afford to go to work.' The union has previously called for increased fuel allowances for care workers following the sharp rise in fuel costs, but representatives say they were advised the issue was down to individual employers. Care workers are also ditching cars in favour of walking, Mr Mooney has warned. 'What we have is a situation where members are coming to us saying they have spoken to their employer about a schedule that covers walking only without them having to drive.' He … [Read more...] about Unions say rising fuel prices are ‘crushing’ social care workers ‘who can’t afford to go to work’

Published 12 minutes ago Share close Share page Copy link About sharing Related Topics Brexit After surviving the Covid lockdowns, hospitality businesses are now being faced with a cost of living crisis, soaring inflation and staffing shortages. Gary Curley runs the runs the Sligachan Hotel on Skye. In 2019 his business would have 45 to 50 staff at this time of the year, but it currently has just 33. He and his wife have to fill most of the gaps caused by staff shortages. "My wife and I are pretty hands-on but this year we have been working in every department," he says. "My wife's been on breakfast, I've been in the kitchen, she's been doing housekeeping, I've been out in the bar. "Every day we are having to jump in to help out and the days are getting longer." 'Apocalyptic future' He says the staffing situation means long hours and compromises he … [Read more...] about We’re so short staffed our hotel has to turn people away