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All UK households could be given £200 towards bills as energy prices soar
Ofgem is today set to announce an up to 50% rise in the energy price cap for 22 million households.
It’s being reported that all UK households are to be offered discounts to help with soaring energy bills.
With the expectation that energy regulator Ofgem is today set to announce an up to 50% rise in the energy price cap for 22 million households due to soaring wholesale gas prices, meaning the average bill could hit £1,915 a year, Chancellor Rishi Sunak is reportedly due to respond today to growing pressure for him to help millions of people who struggling with this increasing cost of living.
The chancellor is expected to announce plans for billions of pounds in state-backed loans, which will give all households a £200 discount off their energy bills.
These measures are aimed at limiting the effect of price rises from 1 April.
Taxpayers will underwrite loans to energy suppliers, with the suppliers then passing the money on to households in the form of a rebate, and the money would be recouped from consumers in the following years so the loans could be paid back as energy prices fall.
When asked about the new support package due to be announced by the Chancellor today, a government spokesperson said: “We recognise people are facing pressures with the cost of living, which is why we are providing support worth around £12 billion this financial year and next.
“We will provide an update in due course on further help for households across the UK to meet their energy costs in the face of rising global gas prices.”
The Bank of England is also expected to raise interest rates from 0.25% to 0.5% today, as inflation has already reached 5.4% – almost three times the target – and forecasts show it is likely to remain high through the spring.
National Irnsurance payments are also said to be increasing by 1.25 percentage points to create a new health and social care levy, and although it been previously been reported that Prime Minister Boris Johnson was reconsidering this hike, he and Mr Sunak did confirm at the end of January that this would be going ahead.
Mr Sunak is expected to announce measures to limit the impact of the Council Tax rise today, however, after The Times reported that he would confirm that more than 15 million households in bands A, B and C could be given rebates funded by government grants.
The Treasury did not deny the plans regarding energy bills and Council Tax.
Featured Image – Number 10 / Pippa Fowles (via Flickr)
News
Police appeal to find next of kin after man found outside Palace Theatre
Daisy Jackson
Police are trying to track down the family of a man who died after being found unresponsive outside the Palace Theatre in Manchester.
The man, who has now been named as Jonathan Bernard Carroll, was seen outside the city centre theatre at around 6.30am on Tuesday 12 November.
Emergency services rushed to the scene and Mr Carroll was taken to hospital.
Tragically, the 47-year-old passed away a short time later.
A large cordon was in place on Whitworth Street and Oxford Road while police and security attended the incident.
Greater Manchester Police are now appealing to find his next of kin.
It’s believed that he resided in the Salford area of Greater Manchester.
Anyone with any information should contact the Coroner’s Office on 0161 856 1376.
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Featured image: The Manc Group
News
Greater Manchester public urged to help get people ‘off the streets and on their feet’ before Christmas
Emily Sergeant
Locals are being urged to help get hundreds of people “off the streets and back on their feet” this festive season.
As the temperatures told colder by the day, and Christmas creeps closer and closer, Greater Manchester Mayor’s Charity is bringing back ‘1000 Beds for Christmas’, and the massively-important initiative is aiming to provide 1,000 nights of accommodation to people at risk of homelessness before the big day arrives.
Forming part of the ongoing ‘A Bed Every Night’ scheme, this festive fundraising mission is designed to provide food, shelter, warmth, and dedicated vital wrap-around support for those who need it most.
The charity says it wants to build on the “incredible success of 2023”, which raised more than £55,000 and provided 1,800 nights of accommodation.
Stockport-based property finance specialists, Together – which has supported the campaign for the last two years – has, once again, generously pledged to match every public donation for the first £20,000 raised.
Unfamiliar with the ‘A Bed Every Night’ scheme? Since 2017, when rough sleeping peaked, the initiative has helped ensure a significantly-higher rate of reduction in the numbers of people facing a night on streets in Greater Manchester than seen nationally.
The landmark scheme has given people the chance to rebuild their lives, while also giving them access to key services and opportunities that allows them to stay off the streets for good.
Despite the scheme’s recent success, organisations across Greater Manchester are under “a huge amount of pressure” to meet the demand for their services this winter, and given the current economic outlook, household budgets will continue to be squeezed – leaving people on the sharp end of inequality and poverty.
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“Help us be a lifeline to organisations on the frontline,” Greater Manchester Mayor’s Charity urged in it’s public appeal for donations.
You can help make sure ‘A Bed Every Night’ is a reality for all by donating here.
Featured Image – EthelRedThePetrolHead (via Flickr)