UK unemployment has climbed to its highest level in four years, underlining a continued deterioration in the jobs market, according to official figures.
UK unemployment has climbed to its highest level in four years, underlining a continued deterioration in the jobs market, according to official figures.
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
Markets See 73% Chance of December Rate Cut as UK Jobless Rate Climbs
Forecast Shows Businesses Will Pay £208 Per Day in Standing Charges by 2030.
Energy supplier Ovo has agreed to pay a £2.4 million penalty for mishandling customer complaints, according to regulator Ofgem.
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.
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.
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.
From April, average household energy bills are set to decrease by £238 annually, following new limits set by regulators on energy suppliers.
Energy tariffs are anticipated to decrease by up to 15% starting in April due to a reduction in wholesale prices.
Ofgem plans to raise household energy bills to support suppliers in the wake of consumer debts reaching an unprecedented £3bn.
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