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New energy price cap to be about £3.5k

New energy price cap to be about £3.5k Average yearly energy bills could increase to £3.5k, according to the Bank of England (BoE). At a press conference where officials reported the largest interest rate hike in 27 years while forecasting a prolonged period of recession for the UK, Governor Andrew Bailey stated: “We think, on…
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Businesses could see October energy bills soar x5

Businesses could see October energy bills soar x5: Businesses in the UK will see their energy bills rocket when new contracts are negotiated in October1 according to data from Cornwall Insight. Some will face bills five times their current price, as concerns over Russian gas supply, tight electricity markets in Europe, and a global disruption…
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Energy bills are set to soar by October

Energy bills are set to soar by October As more and more companies have difficulty operating through rising energy costs and the soaring prices of living, reports have cautioned business energy bills are set to rocket in October. Consultants at independent data analyst company Cornwall Insight have stated as many businesses are negotiating their contracts…
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Dead end for carmakers?

Dead end for carmakers? The British automotive industry could be the next victim of rising energy prices. New reports from the Society of Motor Manufacturers and Traders (SMMT) displays firms face a £90m boost in their energy bills this year as prices climb by a staggering 50 percent. The report implies the UK electricity costs…
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Govt to explore windfall tax if little investment is made

Govt to explore windfall tax if little investment is made: The Prime Minister has not taken the idea off the table of bringing in a windfall tax on the profits of oil & gas companies. On LBC radio, in an interview, Boris Johnson stated: “The disadvantage with this sort of taxes is that they deter…
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Family Car Being Fleeced £10 at Each Fill Up

Family Car Being Fleeced £10 at Each Fill Up: When Will Government Wake Up to The Chronic Profiteering in the Fuel Supply Chain‘s & its Impact on the Cost of Living? The staggering exploitation and greediness shown by oil companies and fuel wholesalers exceed belief. Prices at the pumps should now be 15p to 20p…
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Cornwall Insight responds to publication of energy strategy

Cornwall Insight responds to publication of energy strategy : Gareth Miller, CEO at Cornwall Insight said: “The Energy Security Strategy is a very political document that raises as many questions as it answers. There are clear favourites and as much can be read in to what is in the Strategy as what is not. 15…
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Economy & Lives being Ruined by High Pump Prices

Economy & Lives being Ruined by High Pump Prices

Economy & Lives being Ruined by High Pump Prices: Wallet busting pump prices are forcing motorists to stop seeing family, or eating out, even cancelling medical appointments. Howard Cox, founder of FairFuelUK said: “Our latest survey of opinion shows; the eye watering pump prices, inflicted on one of the world’s already highest taxed drivers are forcing…
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