Cost of living news: Energy cap rises to record level as subsidy bill rises

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Autumn Budget: Chancellor boosts energy subsidy levy to raise extra £14bn

That energy price ceiling has risen to record levels, increasing the cost the government will pay to cover the energy bill.

Ofgem has raised the price cap to 67p per unit for electricity and 17p for gas from January.

The decision will not affect the amount households pay for their energy because the government has said electricity will cost 34p per unit and gas will be 10.3p until April.

Without government support, the average household would pay around £4,279 for its energy under the new cap. The support will ensure that average households pay £2,500.

Experts at energy consultancy Auxilione estimate the new cap will cost the government around £15.1 billion to subsidize household bills between January and March.

It is set to add to the massive strain public money is facing in the coming months due to soaring gas prices.


B&Q sales boosted by sales of energy efficient products

B&Q parent company Kingfisher has revealed that sales of ceiling insulation materials have more than doubled as customers looking to improve the energy efficiency of their homes have helped boost the retail group.

The company, which also owns Screwfix, saw higher turnover in the latest quarter as the DIY market also benefited from the continued shift towards home working.

Chief executive Thierry Garnier said: “While the market backdrop remains challenging, DIY sales continue to be supported by new industry trends such as more working from home and a clear step up in customer investment in energy savings and efficiency.”

B&Q reported that sales of ceiling insulation roll were up 108 per cent in the three months to October 31 compared with the same period last year as customers tried to offset soaring energy prices.

(PA line)

Thomas Kingsley24 November 2022 at 10:00 a.m


Government advice on energy saving ‘not a nanny’, says Gove

A public awareness campaign to encourage people to save energy will not be “nannying or condescending”, a senior minister has said.

The scheme could show households how to knock up to £420 off their bills, while delivering potentially huge savings for taxpayers by reducing the cost of the Energy Price Guarantee.

Leveling Up Secretary Michael Gove said the Government would point people towards “authoritative sources of advice” on managing energy use.

The times reported that ministers are preparing a £25m public information campaign, including advice such as turning off radiators in empty rooms and taking showers instead of baths.

Officials have identified eight changes to save up to £420 a year, including reducing the flow temperature from boilers, switching off electrical devices instead of leaving them on standby and switching from baths to showers.

Thomas Kingsley24 November 2022 09:40


Housing Secretary in talks with Rochdale Boroughwide Housing

Housing Secretary Michael Gove said he would hold talks with Rochdale Boroughwide Housing, which owned the flat linked to Awaab Ishak’s death.

He told BBC Breakfast: “The chief executive after this tragic case has resigned, I’m going to Rochdale later today to speak to them and speak to others about the situation there. But my view at the moment is that this organization does not deserve to get this extra funding.”

Asked if the organization should be operating at all, he said: “I will talk to them later today. I have already had talks with the chairman of the organization and talks with the outgoing CEO and I would like to see the situation on the ground.

“If the crown has dropped, if the organization is ready to learn appropriate lessons to improve and there is evidence that they fully appreciate the need to improve, we will work with them, and indeed with Rochdale Council, to make improvements.”

Awaab Ishak, who died in December 2020 (family distribution/PA)

Thomas Kingsley24 November 2022 09:18


Tens of thousands of homes ‘unsafe’, says Michael Gove

Housing Secretary Michael Gove said “at least” tens of thousands of homes are unsafe.

He told BBC Breakfast: “I fear it is the case that there are tens of thousands of properties which are not in the condition they should be.”

Pressed, if tens of thousands were correct, he said: “Yeah, anyway.

“We know there are a significant number of properties – some of which were built in the 60s and 70s and are in a poor condition, but some of which have been poorly maintained – which simply need to be repaired and maintained properly.”

Thomas Kingsley24 November 2022 08:50


Negotiations ‘key’ to solving rail strikes, Michael Gove urges

Levelling-Up Secretary Michael Gove stressed that negotiations are key to averting strikes after Transport Secretary Mark Harper said he would not negotiate with the rail union boss.

Mr. Gove told TalkTV: “The way to resolve some of these disputes is through talking, through negotiation, through listening.

“And that will be the case, the transport secretary, my friend Mark Harper, will be meeting Mick Lynch, the general secretary of the RMT, later today to talk about this.

“I’m hoping that those two and others can help set the framework so that the people who are actually the main negotiators, the railway bosses, can find a way through with Mr Lynch.”

Thomas Kingsley24 November 2022 08:35


There must be no ‘whitewash’ in the Raab bullying probe, says Angela Rayner

Deputy Labor leader Angela Rayner said: “There must be no suggestion of a whitewash when it comes to the many serious allegations the Deputy Prime Minister now faces.

“The scope of this inquiry must be immediately expanded to enable proactive scrutiny of Dominic Raab’s conduct during his time as minister, including so-called expressions of concern, informal complaints and the relevant testimony of his own former permanent secretary.

“This Conservative government has a worrying track record of brushing serious wrongdoing under the carpet. Their refusal to act on the findings against Priti Patel previously led to their former ethics chief quitting in disgust.

“An interim stop-gap investigator, appointed in a panic, with an absurdly narrow mandate, is not a solution to deal with the flood of allegations of ministerial misconduct that now require investigation.”


Thomas Kingsley24 November 2022 08:15


In the latest cost of living news, the price the government has to pay to support households with their energy bills is set to rise from January when Ofgem raised its energy price cap to 67p per unit for electricity and 17p for gas.

The decision will not affect the amount households pay for their energy because the government has said electricity will cost 34p per unit and gas will be 10.3p until April.

Without government support, the average household would pay around £4,279 for its energy under the new cap. The support will ensure that average households pay £2,500.

Energy is charged per device so that those who spend more can spend more.

Read the development story here:

Thomas Kingsley24 November 2022 07:52


ICYMI: Chancellor Jeremy Hunt insists he does not support re-entry into the EU single market

Chancellor Jeremy Hunt has insisted that he does not support United Kingdom rejoining the EU single market after facing a backlash from Tory Brexiteers.

He issued a carefully worded denial that he was the source of suggestions that Government considered a Swiss-style relationship with the EU.

Conservative eurosceptics were up in arms after Sunday Times reported that senior government officials were working to regain access to the single market.

Read the whole story here:

Maroosha Muzaffar24 November 2022 07:30


Sunak appoints the leading KC to investigate bullying allegations against Raab

Commercial and employment law specialist Adam Tolley KC will investigate the claims made against Mr Raab after two formal complaints were made about his conduct.

Downing Street has indicated that Mr. Tolley’s mandate may be expanded to include other allegations about Mr. Raab following a series of allegations related to his time as foreign secretary and his first stint at the Justice Department.

Read the whole story here:

Maroosha Muzaffar24 November 2022 07:10


Sunak warned the Tories face an existential threat from house-building failures

Rishi Sunak was warned by a senior Tory that failure to build new homes is an existential threat to the Conservatives after rebels forced him to delay planning reforms.

Former minister Simon Clarke said the party’s vote could collapse if the government does not help people onto the housing ladder with a building tour.

Chancellor Jeremy Hunt acknowledged the difficulties for people trying to buy their first home, saying planning rules often pit “local communities against the national need to build more houses”.

Read the whole story here:

Maroosha Muzaffar24 November 2022 06:50

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