UK unemployment has climbed to its highest level in four years, underlining a continued deterioration in the jobs market, according to official figures.
BoE poised for Christmas cut with further moves possible in 2026
The Bank of England now appears on course to deliver an interest rate cut at its 18 December meeting, supported by fresh evidence that inflation has peaked and underlying price
Bank of England Christmas interest rate cut.
Markets See 73% Chance of December Rate Cut as UK Jobless Rate Climbs
Business Electricity Standing Charges to Skyrocket by 2030, Analysts Warn
Forecast Shows Businesses Will Pay £208 Per Day in Standing Charges by 2030.
Ovo is set to pay £2.4 million for not properly handling customer complaints.
Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
UK energy bills are expected to decrease over the next few months.
Energy bills are expected to decrease for the next few months as the new Ofgem energy price cap takes effect today for England, Scotland, and Wales.
UK Energy bills to drop to their lowest in two years.
Gas and electricity bills are anticipated to drop to their lowest levels in over two years following the easing of the energy crisis sparked by Vladimir Putin’s invasion of Ukraine.
Gas prices return to levels seen before the energy crisis.
Wholesale gas prices have returned to levels not seen since before the onset of supply constraints by Vladimir Putin, indicating a shift in Europe’s energy crisis situation.
UK Energy bills to fall by £238 a year
From April, average household energy bills are set to decrease by £238 annually, following new limits set by regulators on energy suppliers.
UK Energy Costs Expected to Decrease Significantly in Ofgem’s Recent Cap Announcement
Energy tariffs are anticipated to decrease by up to 15% starting in April due to a reduction in wholesale prices.
Ofgem proposes increasing domestic energy charges to safeguard supplier interests
Ofgem plans to raise household energy bills to support suppliers in the wake of consumer debts reaching an unprecedented £3bn.
Energy Costs for Households to Increase Following Ofgem’s Decision to Raise Price Cap
Ofgem, the UK’s energy regulator, has declared an increase in the energy price cap, leading to an average annual rise of £94 in household energy bills. The cap will be