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The Latest Breaking News from Simon Francis

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn in profit from customers

Campaigners attack ‘murky depths’ of market – as suppliers set to increase profits while families struggle

The Independent UK

Energy price cap ‘costing consumers money and driving inflation’

The Centre for Policy Studies think tank said Oftem’s cap has gone ‘far beyond’ its original purpose of providing protection for customers.

The Independent UK

Households are being urged to send in their meter readings before the price cap change date

Acting soon could save households cash on their bills as wholesale energy prices drop

Manchester Evening News

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Charities call for ‘help to repay’ scheme for household energy debt

An estimated 5.5 million UK adults are behind on their energy bills, according to a survey for the Money Advice Trust.

The Independent UK

Ofgem energy price cap falls to £2,074 but households will see little relief

Consumers still paying almost twice as much for gas and electricity as in October 2021 despite cut by regulator

The Guardian - UK

Living wage increase to benefit around 1.7 million workers

The lowest-paid workers are set to enjoy a ‘rare’ real-terms pay boost, says think tank.

The Independent UK

Centrica boss urged to waive £1.6m bonus – but refuses to discuss it

‘Too early to have conversation’ abount bonus, says chief executive after record profits spark outrage

The Independent UK

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British Gas chief urged to reject massive £1.6m bonus as millions face huge energy bills

Chief executive Chris O’Shea is expected to be in line for the windfall on the back of a soaring profits at the energy giant, which is forecast to announce a £3billion haul this Thursday

Daily Mirror

Cost of living payments for 2023 will leave families ‘worse off’, say campaigners

£900 support won’t be enough, says End Fuel Poverty Coalition as government sets out payment schedule

The Independent UK

DWP announcement on £900 cash boost for Universal Credit, Pension Credit and tax credit recipients

The payments, which were confirmed in the autumn statement, will be made up of three payments that will go directly to bank accounts

Wales Online

Nine million spent Christmas in ‘Dickensian’ housing conditions, survey finds

Millions of adults with serious health conditions are spending Christmas in cold damp homes, according to research

The Independent UK

Thousands disconnecting electricity and disabled people rationing ventilator use

The industry term for this situation is “self-disconnection”, and the figures show rises of more than 20% in both electricity and gas self-disconnections from the start of last winter to spring this year

Daily Mirror

Excess deaths could rise as vulnerable skimp on heating, UK charities warn

Freezing temperatures and high energy costs lead to fears that more people will die this year without action

The Guardian - UK

Ban pre-payment meter installations through court warrants – campaigners

The End Fuel Poverty Coalition raised concerns that firms were using PPMs ‘as a method of revenue protection’.

The Independent UK

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The Independent UK

Patients cut back on medicine, food and heating due to soaring costs – charities

A fifth of those polled by Asthma and Lung UK reported ‘life-threatening’ asthma attacks as they cut back on essentials.

The Independent UK

Credit card debt soars as Britons ‘to borrow £100bn’ to cope with cost of living crisis

More than 5 million expect to seek credit to pay for daily expenses, YouGov survey warns, as borrowing rises at fastest rate since 2005

The Independent UK

Fears that poor face second year of benefits cuts after inflation tipped to top 18%

New PM told not to repeat mistake of last April – and ensure payments rise in line with prices

The Independent UK

Labour demands recall of Parliament to tackle soaring energy bills

In a letter to Boris Johnson, Thangam Debbonaire, the shadow leader of the House of Commons, said the country faces an ‘urgent choice’.

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The Independent UK

Keir Starmer unveils £29bn Labour plan to freeze energy price cap

Labour wouldn’t let people ‘pay a penny more’ in October and January, says Starmer

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