Ofgem has confirmed that the energy price cap in the UK will rise to at least £2,800 in October, pushing household bills up to £233 a month.
The regulator revealed the hike in prices this afternoon, as its chief executive, Jonathan Brearley, told the Business, Energy and Industrial Strategy Committee that Ofgem anticipates the new price cap this October will be “in the region of £2,800”.
Mr Brearly even suggested that “it’s quite possible this [price cap] could go higher”, telling the Committee: “The volatility in the gas market is huge.”
Currently, the energy price cap sits at £1,971 – having increased by over 50% in April.
That means that, within the space of six months, the regulator’s energy price cap in the UK will have risen by £1,512.
Currently, here in the UK, there are nearly 6.5 million people living in poverty. However, Ofgem is now warning the government that this could well double in October when the price cap goes up again.
With UK inflation at the highest it has been in 40 years, many struggling households are also seeing price rises at fuel pumps and in the supermarket.
Mr Brearly told the committee that costs are currently rising at a “once in a generation” rate “not seen since the 1970s”, and that this issue is something that only the government could address.
National Insurance tax has just been increased by the Chancellor in his spring budget, too, meaning that people are taking home less money as prices soar.
Soaring energy bills are considered to be the biggest inflation driver in the UK right now, and there is increasing pressure on the government to do more to help families and children who are slipping into poverty as a result of the cost of living emergency.
Whilst the government has said it is willing to support people, it is yet to deliver any solutions – such as introducing a Windfall Tax on energy companies or restoring the £20 a week Universal Credit uplift to help the country’s worst off.
Labour has called the price cap news ‘extremely concerning’, adding that it “will cause huge worry for families already facing soaring bills and rising inflation”.
Shadow Chancellor Rachel Reeves said: “How many more alarm bells does the chancellor need to hear before he acts? The government have got to get a grip on this crisis and to protect families and our economy.
“Yet again, Labour calls urgently on the government to bring forward an emergency budget, with a windfall tax on oil and gas producer profits to lower bills for families.”
Boris Johnson’s spokesperson maintained that the government is already offering help which will be ‘phased throughout the year’.
They said: “Some of the support is designed to come in in October, £200 will be discounted from energy bills, the warm home discount will increase to £150 and be expanded to cover three million people, cold weather payments and winter fuel payments will be available again,” the spokesman said.”
Feature image – RawPixel
Police warn criminals ‘don’t bother’ attending Parklife after already making arrest
Greater Manchester Police have said that criminals shouldn’t ‘bother’ coming to Parklife festival this weekend, after already making an arrest at the festival site.
Officers have been carrying out searches of people arriving on site this week – and have already arrested a 24-year-old man.
A quantity of pills and a knife were both recovered from the man, who has been arrested on suspicion of possession of Class A drugs and possession of a bladed article.
After the arrest, Superintendent Phil Spurgeon issued a statement to criminals, saying ‘don’t bother coming to Parklife’.
He said: “We have a really robust police and partnership community safety operation for the festival, and the arrest and seizure yesterday demonstrates the vigilance of security staff, our thorough search procedures and our commitment to keeping people safe.
“Make no mistake, illegal items such as weapons and drugs can have fatal consequences. Our top priority this weekend is keeping people safe, and anyone caught trying to take such items into the festival will be robustly dealt with.
“I hope the genuine festival-goers are excited for the fantastic weekend ahead and I am confident the majority will enjoy the event responsibly and safely.”
Greater Manchester Police and Parklife security staff will be working closely together to intercept anyone travelling to the festival with criminal intentions.
The arrest on 8 June was thanks to the festival’s drug detection dogs.
In a formal statement addressing the situation, the city‘s flagship further education institution says some of its systems have been accessed by an “unauthorised party” and that data has “likely been copied” as a result of this.
The University’s in-house experts are said to be “working around the clock” to resolve the issue.
External support teams are also said to be working in collaboration with the University to understand what data has been accessed.
Patrick Hackett – Registrar, Secretary, and Chief Operating Officer at the University of Manchester – explained in a statement issued this morning: “Regrettably, I have to share with you the news that the University is the victim of a cyber incident, [as] it has been confirmed that some of our systems have been accessed by an unauthorised party and data have likely been copied.
“Our in-house experts and established expert external support are working around the clock to resolve this incident, and we are working to understand what data has been accessed”.
Mr Hackett said he understands the nature of the issue will “cause concern to members of our community”, and says the University is “very sorry for this”.
The University says it is also working with relevant authorities – including the Information Commissioner’s Office, the National Cyber Security Centre (NCSC), the National Crime Agency, and other regulatory bodies – to resolve the issue, and will provide information to those affected as soon as they are able to.
Students and staff are also be told to be vigilant to any suspicious phishing emails within the coming days – with the University’s IT Services team having published some relevant advice to refer to.