EXCLUSIVE: The stacked multi-generational romantic comedy Maybe I Do, starring a host of A-listers including Diane Keaton and Susan Sarandon, has sold to a bunch of key international territories.
16.10.2022 - 16:29 / manchestereveningnews.co.uk
Drivers have been hit by higher fuel prices due to the pound's falling value, according to new analysis. The drop in sterling has added 7p per litre to drivers’ fuel bills over the past year, a review by the Competition and Markets Authority (CMA) has found.
The review found that the “principal drivers” of high fuel costs are rising oil prices and increased profit margins at oil refineries, with the growing cost of oil accounting for around a 20p per litre hike in UK fuel prices in the past 12 months. The drop in the value of the pound compared with the dollar over the same period added a further 7p per litre to fuel bills, which is more than the 5p per litre cut in duty implemented by the Treasury in March.
The CMA found that the growing gap between the price of crude oil entering refineries and the wholesale price of petrol and diesel leaving them accounted for a 24p per litre jump in pump prices in the past year.
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The average price of a litre of petrol at UK forecourts is around £1.62, while diesel is about £1.81 per litre, according to the latest figures. A year ago the prices were £1.37 for petrol and £1.41 for diesel.
Sterling plunged to historic lows against the dollar in the wake of then-chancellor Kwasi Kwarteng’s mini budget on September 23. It has since recovered, but the pound remains around 18 per cent weaker than it was a year ago.
Steve Gooding, director of motoring research charity the RAC Foundation, said the CMA believes the 5p cut in duty was passed on to drivers, but any benefit was "swallowed up" by the pound's fall.
He said there was "little prospect" of another duty cut anytime soon in the current
EXCLUSIVE: The stacked multi-generational romantic comedy Maybe I Do, starring a host of A-listers including Diane Keaton and Susan Sarandon, has sold to a bunch of key international territories.
An appeal hearing over the £20 weekly uplift which was paid to millions of people claiming Universal Credit during the coronavirus pandemic, but not to those on legacy benefits, is due to take place next month. The legal team representing four benefit claimants will present their case to the Court of Appeal on either December 6 or 7, 2022 - the date has still to be confirmed.
Her new baby brother! After Emily Maynard Johnson announced that she secretly welcomed another baby with husband Tyler Johnson her daughter Ricki Hendrick gushed about the major milestone.
Rishi Sunak has again refused to commit to raising benefits and the state pension in line with inflation.
EXCLUSIVE: In-demand actress Emma Roberts is in final talks to join Oscar winner Geoffrey Rush in action-comedy Verona Spies, which will be directed by comedy veteran Frank Coraci, known for movies including The Wedding Singer and The Waterboy.
Jeremy Hunt has been urged to rethink his plan to raise alcohol duty amid warnings it could risk jobs in Scotland's vital food and drink sector.
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A Conservative MP has claimed calls for Scotland to break away from the United Kingdom are being driven "by the likes of Mel Gibson".
Scottish Tory leader Douglas Ross has claimed the “optics” of the chaos surrounding Liz Truss’ Government are “awful”. Ross said the Tory Government would “deal” with bread and butter issues like mortgages, weeks after Truss and her colleagues tanked the UK economy.
Geena Davis has said she feels 'really grateful' that she didn't have her first child until she was in her forties. The 66-year-old had daughter Alizeh Keshvar Davis Jarrahy in 2002, and twin sons Kaiis Steven and Kian William in 2004. She shares them with her former partner Reza Jarrahy, who she split from in 2017.
The Governor of the Bank of England has warned that interest rates may have to be raised even higher than initially expected to tackle inflation. Andrew Bailey said Bank officials will “not hesitate” to raise interest rates if necessary, while warning that a “stronger” response than previously anticipated could be required.
Diesel prices are on the rise again and are now approaching 190p a litre on average.
The Department for Work and Pensions (DWP) will announce the State Pension and benefits uprating next month following a scheduled annual review which takes place after the release of the September Consumer Price Index (CPI) inflation figures in October.
Meghan Markle surprised King Charles with an unusual four-word response to his kind wedding day gesture, a new book claims. The former Suits actress tied the knot with Charles' youngest son Prince Harry in 2014 in a fairytale Windsor wedding.
Disabled people in Dumfries and Galloway could die because they cannot afford the electricity to power their vital medical equipment, a councillor warned this week. Councillor Willie Scobie raised his serious concerns at a social work meeting on Tuesday, and the region’s social work chief admitted she was “acutely aware” of the severe impact the cost-of-living crisis is having on people with disabilities.