FIXED-PRICE energy deals could leave you hundreds of pounds worse off every year, new research has found. An analysis of more than 2,200 gas and electricity tariffs by Which? magazine revealed that one-year deals cost £217 less on average than three-year fixes. That means if you fixed your gas and electricity prices for three years instead of switching every year, you could be up to £753 worse off over that three year period. Fixed tariffs guarantee that the rate you pay for your gas and electricity will stay the same for the length of your deal, ranging from one year to four years. The other option is paying a variable tariff, which will charge you more or less when an energy company raises or lowers it prices with 30 days notice. On average, Which? found that three-year fixes are costing homeowners £574 extra on average than if they stuck to one-year deals after analysing tariffs between January 2016 and June 2018. [boxout headline="How to switch suppliers and save … [Read more...] about Long-term fixed energy deals can costs HUNDREDS of pounds extra per year
Uk deal or no deal
The UK will be given until the end of 2020 to change its mind on leaving the single market and customs union, the EU’s chief negotiator has said. Michel Barnier said the UK government has the full length of the Brexit transition period to reverse its decision to leave the two trading blocs. The EU would be willing to amend its “red lines” if Britain does the same, he said, adding that there would be “no dogmatism” from Brussels. Read more Merkel ally suggests longer Brexit transition period The confirmation leaves open the option of the UK remaining part of EU institutions if striking new trade deals with other countries proves more difficult than predicted. It will come as a boost to pro-EU campaigners who are urging the government to soften its Brexit stance. The Brexit transition period is due to end on 31 December 2020 – 21 months after Britain formally leaves the EU on 29 March 2019. The UK will remain part of the … [Read more...] about Brexit: UK given until end of 2020 to change its mind on leaving single market and customs union, says EU
A no-deal Brexit has many potential effects on motorists. From having to acquire multiple international driving permits, to the need for extra insurance documentation and even having to change number plates, there are a series of changes drivers need to be prepared for. While the impact on documentation is still up in the air, the effect of a no-deal arrangement on fuel prices is even less certain. Even industry observers say that the only thing they can be sure of is that there are a lot of unknowns and uncertainties. Imports According to government data, the UK was a net importer of petroleum products in 2017. While the country produces enough petrol to be self-sufficient, it doesn’t produce enough diesel to meet demand. As a result, it imported almost 5.95 million metric tonnes of petroleum products from the Netherlands in 2017 and 5.65m tonnes from Russia. The latest Government statement suggests that in the event of no-deal Brexit fuel imports will not be subject to … [Read more...] about How will a no-deal Brexit affect fuel prices?
UK Politics 21 August 2019 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.com/news/uk-politics-49427674 Read more about sharing. These are external links and will open in a new window Close share panel Related TopicsBrexit There is "ample scope" to reach a new Brexit deal, Boris Johnson has said, but he accepted the "onus" was … [Read more...] about ‘Ample scope’ to change Brexit deal, says PM
Diplomats from the European Union’s 27 remaining member states have been told that an amendment adopted this week by MPs in the UK has substantially increased the chances of a no-deal Brexit, BuzzFeed News has learned.The amendment, which makes it unlawful for Northern Ireland to form a separate customs territory to the rest of the UK, renders the EU’s proposal to avoid — under all circumstances — a hard border in Northern Ireland illegal.And, the EU believes, it also means Theresa May has rowed back on commitments she made in December 2017 and March.The prime minister agreed in a joint report signed off by the EU and the UK in December that Northern Ireland’s situation was unique, and that a solution to avoid a hard border there was required in all circumstances regardless of the nature of the future UK–EU relationship. She reiterated this commitment at a meeting of EU leaders in March.According to a diplomatic source, diplomats were warned by a … [Read more...] about EU Diplomats Have Been Told An Amendment On Northern Ireland Has Significantly Increased The Odds Of A No-Deal Brexit