Tag: prices

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The UK’s reliance on gas imports leaves us open to unpredictable prices

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Each autumn, the Department for Business, Energy and Industrial Strategy (BEIS) and the energy regulator Ofgem present a statutory security of supply report to parliament. Last December, the department concluded that ...

Sunak plays down help for businesses over gas prices despite fears industry could shut down – business live

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Rolling coverage of the latest economic and financial news

EU considers natural gas purchase in response to surging energy prices

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The EU is considering joint purchase of natural gas in response to the energy price surge that has sent household bills and industrial costs soaring across the continent. One idea being floated by the European Commiss...

No 10 backs Kwasi Kwarteng in Treasury spat over energy prices

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No 10 has weighed in behind Kwasi Kwarteng, the business secretary, in his spat with the chancellor, saying both of their government departments are looking at how to support firms struggling with soaring energy price...

Gas prices, blackout risk and switching: your questions answered

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Not unless things take a significant turn for the worse. Up until now this has been a price, rather than a supply crisis – caused by the huge leap in the wholesale price of gas, which in turn has led to the collapse o...

UK house prices forecast to rise by up to 3.5% a year between 2022 and 2024

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A second wave of demand for more space will keep driving house prices across Great Britain higher, with values set to rise by up to 3.5% a year between 2022 and 2024, a forecast claims. The estate agent Hamptons also ...

Long, cold winter ahead for Britain could keep gas prices soaring to record levels

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The UK faces a greater than normal risk of cold winter weather this year, according to meteorologists, which threatens to ignite greater demand for gas and keep gas market prices sky-high until 2023. Both meteorologis...

UK supermarket prices ‘to rise by 5%’ as supply chain costs increase

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Shoppers can expect to see a 5% rise in supermarket prices in the coming weeks – with a potential second wave of increases in the new year – as retailers and suppliers pass on higher supply chain costs. David Sables, ...

Guess what the three Democrats blocking lower medication prices have in common?

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The three conservative Democratic lawmakers threatening to kill their party’s drug pricing legislation have raked in roughly $1.6m of campaign cash from donors in the pharmaceutical and health products industries. One...

Evergrande crisis and record energy prices weigh on markets – business live

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Rolling coverage of the latest economic and financial news

UK inflation in record August jump as food and drink prices rise

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UK inflation made its biggest jump on record in August amid a rise in food and drink prices, reversing a sharp decline a year earlier during the government’s eat out to help out restaurant discount scheme. The Office ...

UK energy bills to rise after record wholesale electricity prices

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Household energy bills are to rise after prices on the UK’s wholesale electricity market soared to a record high last month, furthering concerns about more families being pushed into fuel poverty this winter. The ele...

UK house prices jump by almost £5,000 in August

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UK house prices rose by almost £5,000 in August as the property market continued to boom after the partial end to the government’s stamp duty holiday in England and Northern Ireland. The Nationwide building society sa...

UK house prices jump in August despite stamp duty holiday winding down – business live

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Rolling coverage of the latest economic and financial news

Wednesday briefing: Prices rise as shortages bite

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Hello, Warren Murray here, ready to dive back into the news with you this Wednesday. UK shop prices rose 0.4% in August, according to the British Retail Consortium, in a sign that driver shortages and Brexit-induced ...

Shop prices rise amid driver shortages and Brexit red tape

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UK shop prices rose last month, according to the latest data from the British Retail Consortium, in a sign that driver shortages and the costs of Brexit-induced red tape are beginning to hit household budgets. The lat...

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