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Fears energy bill rise mean people surviving rather than living
The increase for those on variable deals comes as the higher wholesale costs, faced by suppliers, feeds through to bills. The conflict in Iran scuppered Bank of England UK inflation targets of 2% over the next five years. Regulator Ofgem said the war means a household using a typical amount of gas and electricity will…
Grants awarded to tackle cost-of-living crisis in Dorset
Organisations tackling the cost-of-living crisis in Dorset have been awarded £80,000 worth of grants. Dorset Community Foundation and Bournemouth, Christchurch and Poole (BCP) Council provided the money to 23 local groups. The council said it would pay for projects providing warm hubs, free meals, cookery workshops and money advice. Council cabinet member Sandra Moore said:…
Reeves urged to make Budget ‘bold’ or risk future tax rises
The chancellor should be “bold” in next month’s Budget or risk future spending cuts and tax rises, an influential think tank has said. The Institute for Fiscal Studies (IFS) is projecting Rachel Reeves will need to find £22bn to make up a shortfall in the government’s finances, and will “almost certainly” have to raise taxes….
Oil prices fall on hopes Strait of Hormuz could reopen
Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes of a deal with Iran to reopen the key Strait of Hormuz waterway. US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments potentially to resume as soon as this week….
