Household energy costs are set to decrease by approximately £151 annually as the economic impact of Vladimir Putin’s incursion into Ukraine continues to diminish.
The UK authority plans to clamp down on power producers reaping ‘unreasonable profits’.
The UK energy watchdog, Ofgem, has criticized power station owners for exploiting the system to generate excessive profits and outlined measures to curb this behaviour.
HMRC self assessment: More than 600,000 will miss Tuesday’s self-assessment deadline
More than 600,000 people will miss Tuesday’s self-assessment deadline, resulting in a £60m bumper haul of late penalties for HM Revenue and Customs.
Ofgem says that energy bills without government help would reach nearly £4,279
Ofgem, the British energy regulator, stated that its price cap for household energy bills would increase by 21% to £4,279 ($5,172) per year from January 2023 to March 2023.
British energy regulator claims that companies are failing to protect vulnerable customers
The British energy regulator stated Tuesday that many companies are not doing enough to help vulnerable customers in winter.
UK: Two million face paying 60pc income tax
A deep freeze on thresholds by Chancellor Jeremy Hunt has resulted in two million workers being subject to an effective 60pc income tax rate by 2028.
Russia-Ukraine war at a glance: what we know on day 269 of the invasion
Kyiv could face ‘complete shutdown’ of power amid crippled Ukrainian grid; hundreds of Ukrainians disappeared in Kherson, say war crime researchers
After the Government cuts support, household energy bills will rise by £500
After the Government reduced taxpayer support, households will have to pay an additional £500 for their energy in the next year.
Jeremy Hunt increases taxes to tackle UK public finances
Jeremy Hunt, the British finance minister, announced a series of tax increases and tighter spending in a difficult budget plan that he called necessary to restore the country’s public finances. He
Breaking: The Associated Press cites US intelligence: “Russian missiles fell on Polish territory”
A Russian missile attack on Ukraine’s power grid caused the conflict to spill over into neighbouring countries Tuesday. It hit NATO member Poland and cut electricity to large parts of
Russian warships and submarines were spotted near the Nord Stream pipeline
Satellite images of Russian boats in the region in June show sightings of naval vessels in the area.