Food industry warns protocol is ‘vital to trade’
John Campbell BBC News NI Economics & Business Editor Getty Images Representatives of the Northern Ireland food industry have warned the UK government that scrapping the Northern Ireland Protocol could damage their businesses. The protocol is the part of the Brexit deal which keeps Northern Ireland inside the European Union’s (EU) single market for goods. […]
New Bedford vertical farm to help food security
Infarm Jo Churchill (centre right), Minister for Agri-Innovation and Climate Adaptation, and Bedford MP Mohammad Yasin (centre left), attended an official opening An agriculture minister said she expected indoor farms to “play a large part in the future” of farming. Jo Churchill MP made the comment at the opening of a vertical farm in Bedford, […]
Dorset Michelin starred pub forced to close
A Michelin-starred pub said it has been forced to close because of the cost of living crisis. The Fontmell in Fontmell Magna, Dorset, said it was closing with “immediate effect” blaming a £58,000 increase in utility costs and rise in supplier prices. On the pub’s website the owner said it was “not a decision which […]
Tax energy bosses’ bonus ‘bonanza’, say Lib Dems
PA Media Oil and gas bosses should face a one-off “bonanza bonus” tax on the millions they have made from high energy bills, the Liberal Democrats say. The party is also calling for a £500 hike in household energy bills to be dropped and for them to be cut instead. The government’s Energy Price Guarantee […]
‘Energy prices have forced us to shut the door’
Justin Dealey, Hollie Cole & Pete Cooper BBC News, East Justin Dealey/BBC Olney’s butcher has been in the town for seven years but will shut next week due to rising energy prices Households are facing a jump in energy prices from October when the typical bill will rise to £3,549 a year. It comes after […]
Bill shock for millions as rises hit
Kevin Peachey Personal finance correspondent, BBC News Getty Images Millions of people will now feel the impact of an unprecedented £700-a-year rise in energy costs – at the same time as a host of bill hikes take effect. The 54% rise in the energy price cap means a household using a typical amount of gas […]
Significant rises to come, says regulator Ofgem
Getty Images Households will again see “significant rises” in energy prices next spring, regulator Ofgem has warned. Its chief executive, Jonathan Brearley, said the price cap, which limits how much energy providers can charge per unit, would go up again because of the “unprecedented” rise in gas prices. The cap is revised twice a year […]
Millions of households face higher gas and electricity bills
Kevin Peachey Personal finance correspondent, BBC News Getty Images A squeeze on household finances will become more acute as a new, higher energy price cap takes effect. Those on standard tariffs, with typical household levels of energy use, will see bills go up by £139 to £1,277 a year, but the more energy a household […]
‘I may have to move back in with my parents’
Lora Jones Business reporter, BBC News Getty Images Millions of people across the country will see their gas and electricity bills jump in April, further pushing up the cost of living. It’s because the energy price cap – which limits what suppliers in Britain can charge – has been raised by 54%. People on default […]
Energy bills set to stay high despite price cap cut
Kevin Peachey & Nick Edser BBC News Getty Images Energy bills are set to remain high despite a cut in prices from July, experts have warned. A typical household will pay £2,074 a year for gas and electricity from July, £426 a year less than currently, after the regulator cut the energy price cap for […]