Ofgem plans could cut £45 from annual energy bills

Ofgem plans could cut £45 from annual energy bills

Plans unveiled by energy regulator Ofgem could cut £45 a year from energy bills across the country. The strategy involves capping the amount of money suppliers can pay their investors, reducing borrowing costs and a range of measures already announced to reform the way the network charges are passed on to consumers. Rate of returns …

Millions could suffer in ‘cashless’ Britain

Millions could suffer in ‘cashless’ Britain

Millions of elderly and vulnerable people could suffer as Britain sleepwalks into becoming a cashless society claims a new study. A report by former Chief Ombudsman Natalie Ceeney says banknotes and coins are a necessity for eight million people. Concern was also expressed for people living in rural areas or struggling with debt. The Access …

British kids facing ‘Dickensian’ poverty at Christmas

British kids facing ‘Dickensian’ poverty at Christmas

A million British children under the age of 10 are facing ‘Dickensian’ poverty in the run-up to Christmas claims a new charity report. Action For Children analysed government figures on low income families who are suffering from material deprivation. Austerity and Universal Credit It challenges government claims that 300,000 fewer children are living in poverty …

Don’t ‘binge borrow’ over Christmas shoppers warned

Don’t ‘binge borrow’ over Christmas shoppers warned

As Britain’s credit card debt hits £17.1 billion, shoppers are being warned about the consequences of ‘binge borrowing’ and paying for Christmas on plastic. Statistics from UK Finance have revealed the record debt mountain last month showed credit card spending 11.6% higher than last year. Warning Charities are warning that families risk being caught in …