The Work and Pensions Committee has pressed Chancellor Kwasi Kwarteng to honour the commitment made by the former Chancellor, Rishi Sunak, to uprate benefits in April 2023 in line with the September 2022 Consumer Price Index (CPI) rate.
21.09.2022 - 14:09 / manchestereveningnews.co.uk
With news that the government is set to introduce an energy bill price cap for businesses, hospitality owners are calling for the ‘fine print’ in a scheme that promises to discount bills for six months. The Energy Bill Relief Scheme will come into effect on October 1.
It follows calls from businesses to the government for assistance, with many reporting staggeringly high quotes from energy companies. The treasury has now said that energy bills will be capped at ‘less than half’ what has been anticipated for the winter.
In announcing the plan, Prime minister Liz Truss said: “As we are doing for consumers, our new scheme will keep their energy bills down from October, providing certainty and peace of mind.
"At the same time, we are boosting Britain's homegrown energy supply so we fix the root cause of the issues we are facing and ensure greater energy security for us all."
All non-domestic energy customers will see prices capped at at £211 per MWh for electricity, and £75 per MWh for gas until the spring. However, not all are convinced that a six month plan is enough, or whether it will stop some businesses already struggling in the wake of the pandemic from folding.
Sacha Lord, Manchester’s night time economy advisor to the mayor, said: “I'm pleased that the economic importance of pubs and the hospitality sector is finally being recognised and that support is being pledged beyond this initial six month period. Businesses need to be able to plan ahead and forecast expenditure as a basic feeder of growth and investment and these plans may go some way to staving off the redundancies we have been expecting across the sector.
"However, only time will tell if the Government has gone far enough. Even with this help, businesses
The Work and Pensions Committee has pressed Chancellor Kwasi Kwarteng to honour the commitment made by the former Chancellor, Rishi Sunak, to uprate benefits in April 2023 in line with the September 2022 Consumer Price Index (CPI) rate.
Country music singer and songwriter Hardy is recovering from a tour bus accident from which he sustained “significant injuries.”
Stacey Solomon has admitted that she may struggle to pay her energy bills this winter amid the cost of living crisis.
Prime Minister Liz Truss admitted that it will be a “difficult winter” for the UK hours before the new energy price cap came into force from today (Saturday, October 1). But she defended the mini-budget revealed earlier this week despite the “disruption” the plans caused.
UK charities have issued a stark warning about how high energy prices will affect children's development over the winter months.
Households all across the UK are being urged to submit a meter reading before the month ends as prices go up in October.
Money saving guru Martin Lewis issued an important warning about the new energy guarantee in an emergency live show on Thursday night (September 22). Live on ITV, Lewis explained the new price guarantee intervention introduced by the government.
Mama June Shannon is in the hospital after a recent health scare.
A routine visit to the doctor turned into a medical crisis for Mama June Shannon.
Mama June Shannon's severe headaches and dizziness proved to be a major concern for doctors when she went in for a routine doctor's appointment. So much so, she was rushed to the hospital.The TLC star is currently in the hospital with her new husband, Justin, by her side, per, which first reported the news.
five organisations representing the UK hospitality sector penned an open letter to the UK government amid the ongoing cost of living crisis. They highlighted “rocketing energy prices” that were forecast to become “a matter of existential emergency” this year, and demanded urgent government action to prevent a catastrophe to UK culture.Mark Davyd, MVT CEO, spoke to NME at the time about the true threat posed by the looming price hike.
President Joe Biden, First Lady Jill Biden, Canadian Prime Minister Justin Trudeau and his wife Sophie attend the funeral of Queen Elizabeth on Monday (September 19) in London, England.
King Charles, members of the royal family and hundreds of world leaders, politicians and other public dignitaries joined in the funeral service for Queen Elizabeth II at Westminster Abbey this morning.
President Joe Biden along with first lady Jill Biden arrived at Westminster Hall to pay their final respects to Queen Elizabeth II, who lies in state ahead of her funeral Monday morning. Both the president and the first lady were also photographed at Lancaster House, signing a book of condolences. President Joe Biden, accompanied by first lady Jill Biden, signed a book of condolences at Lancaster House.
The funeral of Queen Elizabeth II will take place on Monday 19 September after she passed away at the age of 96 on 8 September. Ahead of the day, world leaders have been flying into the United Kingdom to meet with King Charles and members of the Royal Family.
Around 500 world leaders and dignitaries have been invited to Queen Elizabeth's funeral on Monday (19. 09. 22).
Seven out of 10 pubs could close this winter unless they get urgent government support to combat soaring energy bills, Parklife and Warehouse Project founder Sacha Lord has said.
Former Prime Minister Boris Johnson has opened up about how the late Queen Elizabeth II had been "absolutely on it" in their final meeting just two days before her death. The MP said she remained "actively focused" on both world and UK politics when he formally tendered his resignation as Prime Minister to her on Tuesday 6 September. Boris had his final audience with the Queen in Balmoral Castle in Scotland last week, before the late monarch then met with his successor and the UK's new Prime Minister, Liz Truss.The Conservative backbencher, who was the 14th Prime Minister of the Queen's 70-year reign, said he was moved by her "sense of duty" during their meeting.
Ofgem has said it will continue to announce the cap on household energy prices, despite the UK Government saying it would guarantee lower bills for customers. The energy regulator said that it plans to still make the announcements every three months, as it continues to regulate how much suppliers can charge for their services.