Household Costs

Household Costs

Household Energy Bills Set to Hit Three-Year High Following Ofgem Price Cap Rise

Millions of households face an increase of £60 a year on their energy bills from October 1st, after regulator Ofgem announced a 4% rise in its price cap. The increase, driven by higher wholesale gas prices, will push typical annual costs to £1,723, prompting warnings from charities about soaring energy debt and renewed political debate over cost of living pressures.

Household Costs

UK Energy Bills Forecast to Reach Three-Year High This Winter, Negating VAT Cut

Household energy bills across Great Britain are projected to reach a three-year high this winter, with a planned government tax cut on electricity bills expected to be negated by rising wholesale costs. Analysis from Cornwall Insight indicates a 4% rise in the energy price cap from October.

Household Costs

Households near new pylon schemes could get £2,500 off energy bills over 10 years

The government has named 43 National Grid upgrade locations across the UK, with nearby homeowners set to benefit from automatic electricity bill discounts once projects proceed.

Household Costs

Households urged to check energy bill names before Warm Home Discount deadline

Millions could miss out on £150 off their winter energy bills unless their name appears correctly on their account before a key snapshot date this weekend.

Household Costs

Government Unveils Roadmap for Flexible Energy System to Reduce Household Bills

The UK government has launched its Clean Flexibility Roadmap, outlining plans to empower households and businesses with greater control over their energy use. The initiative aims to reduce energy bills through flexible tariffs and smart technologies, while bolstering the efficiency and resilience of the national electricity grid.

Household Costs

What households should check before paying for a home EV charger

Home charging can cut the cost of running an electric car, but households should check their driveway plans, power supply and energy tariff before arranging installation.

Household Costs

Google loses EU appeal over €4.1bn Android competition fine

The EU’s top court has upheld a major penalty against Google over Android agreements that regulators said restricted competition in search, browsers and mobile software.

Household Costs

Millions Urged to Submit Meter Readings Ahead of Energy Price Cap Increase

With the energy price cap set to rise by 13% from 1 July, millions of households without smart meters risk being charged higher rates for June’s energy use. Submitting accurate meter readings before the change can help avoid unnecessary extra costs.

Household Costs

Illegal Lending on the Rise as Cost of Living Pressures Push More UK Households into Loan Shark Debt

New analysis finds over two million people in the UK may be borrowing from illegal lenders due to everyday financial pressures, highlighting concerns about access to safe, affordable credit.

Household Costs

Rising Retirement Costs Put Moderate Living Out of Reach for Most in the UK

New research shows that the cost of a “moderate” retirement lifestyle has risen by 63% since 2019, reaching £32,700 a year for individuals. With state pensions falling well short of these amounts, many will face a significant drop in income after leaving work. Understanding these figures can help households plan more realistically for retirement.

Household Costs

UK Unemployment Could Rise by 200,000 This Year Amid Economic Strains

The Confederation of British Industry forecasts unemployment will grow to around two million in 2026 as inflation and global tensions weigh on the economy. Meanwhile, recruiters report an upcoming rise in hiring intentions, highlighting contrasting signals in the jobs market.

Household Costs

Experts press Labour to act faster on cost of living as households count the cost

Labour faces mounting calls to go further on the cost of living, as consumer groups, anti poverty charities and housing bodies set out a sharper list of actions

Household Costs

July energy cap forecast to jump 13%, lifting typical bills to £1,850 across Great Britain

Cornwall Insight forecasts a sharp rise in household energy costs from July, with the Ofgem price cap set to push a typical annual bill to about £1,850. The co

Household Costs

Preparing to Sell Your Home: Essential Paperwork You’ll Need and Why It Matters

Selling a house involves more than just finding a buyer. Having the right documents ready can streamline the process, avoid delays, and potentially secure a better sale price. Here’s what homeowners in the UK should prepare before putting their property on the market.