Theresa May’s speech: a ‘horrible experience’ in the name of duty
“What a psycho drama, really sphincter-tightening,” was how one senior Tory put it to me at the end of Theresa May’s speech.
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The energy price cap has been cut, but despite that, many households across England, Scotland and Wales are expected to pay more for their gas and electricity this winter.
For months, households across the UK have been struggling with rocketing energy bills.
Some relief at last for 27 million households across the UK tonight, with slightly lower energy bills finally here. The regulator Ofgem, reduced the price cap, effective today.
The Climate Change Committee says that around £10 billion a year of “essential” new investment is needed — but that “adaptation in the UK remains chronically underfunded and overlooked”.
Gas and electricity bills could be falling faster than expected. The head of the energy regulator Ofgem today said average household bills could drop below the government’s price freeze as soon as this April.
A dire warning – if one was needed – from the investment bank Citi.
The Bank of England governor was at pains to explain the role of soaring energy prices in driving inflation, with the regulator Ofgem confirming it will now update its price cap more frequently.
Experts say it’s a “perfect storm.”
Energy bills are set to go up by more than £800 this autumn – as the regulator warned that the price cap is likely to hit £2,800 in October.
The crisis that is cutting down many gas suppliers has raised questions about how vulnerable the energy market in this country has become to global shocks.
Poverty campaigners have warned about the effects of rising heating bills on low income families as a result of the spike in wholesale gas prices.
FactCheck thinks that almost every figure Labour have used is questionable.
A new cap will be imposed on energy bills, at least for some households. The regulator, Ofgem, today said it would introduce the limit for one million vulnerable customers. But it won’t come in until next February and it’s still a far cry from the cap on all standard variable tariff bills, promised by the…
“What a psycho drama, really sphincter-tightening,” was how one senior Tory put it to me at the end of Theresa May’s speech.
Recycling has become a way of life in the UK. But recycling causes carbon emissions in itself – from the fuel used by collection lorries, to the energy taken to process the rubbish. So is it all worth it? FactCheck investigates.