Prices
Bank of England holds rates at 3.75%, warns
The Bank of England held its main interest rate at 3.75% but signaled a likely increase if high energy prices persist, citing Middle East conflict impacts.
#Energy prices
Every Economy story tagged Energy prices.
Prices
UK households face winter energy bill surge
Households are warned of higher energy bills this winter as European gas storage levels remain low and wholesale prices hit three-year highs, driven by the
Prices
Ofgem raises energy price cap by 4% from October
Ofgem will lift the household energy price cap by 4% on 1 October, adding about £60 a year to the typical bill. The move follows rising wholesale gas prices linked to the Iran war and comes as the government cuts VAT on electricity. The change will affect 22 million households, while a third are on fixed tariffs and will not see a rise.
Prices
Energy Firms Urge Government Help for Struggling Households
Energy UK calls for a more targeted support scheme to help households in need, as energy prices are expected to rise this winter.
Prices
UK Inflation Reaches Four-Month High Due to Energy Bill Jump
The UK's inflation rate has risen to 2.9% in the year to July, driven by a sharp increase in energy bills, with gas prices soaring at their fastest pace in almost four years.