It has been confirmed this afternoon that the UK's energy price cap is set to rise again in October by nearly £1,000.
Speaking to the Business, Energy and Industrial Strategy Committee this afternoon, Ofgem's chief executive, Jonathan Brearley, said that the regulator anticipates the new price cap this October will be "in the region of £2,800".
He added 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.
The regulator revealed the hike in prices this afternoon, as its chief executive 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, reports The Manc.
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.
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
UK News
Iconic films are coming back to UK cinemas to celebrate their anniversaries
Loads of famous films are heading back to cinemas across the UK this spring to celebrate their milestone anniversaries.
From coming of age classics, to legendary romcoms, action films, psychological thrillers, and more, Vue has announced that it’s bringing a roster of much-loved film favourites back to the big screen over the next couple of months.
Kicking things off this weekend (12 April) is the 40th anniversary screening of Stand by Me, a beloved coming of age gem which follows four boys who decide to go see the body of a boy that has died in their rural hometown, while also returning to the big screen is 80s classic, Top Gun, as well as a re-release of the sequel, Top Gun: Maverick, for a limited run.
A trio of classic female-led comedies will also be returning as part of the season.
Loads of famous films are coming back to UK cinemas to celebrate their anniversaries / Credit: Universal Pictures | Columbia Pictures
Beginning with everyone’s favourite diarist in Bridget Jones’s Diary – starring Renée Zellweger in the titular role – which returns for its 25th anniversary from 17 April.
Also celebrating 25 years since its initial release is the ultimate sorority-queen-turned-lawyer caper Legally Blonde starring Reese Witherspoon, returning 22 May, and an epic ensemble cast – including Kristen Wiig, Melissa McCarthy, and Rose Byrne – in Bridesmaids, which is returning 15 years after its initial release.
The iconic thriller The Silence of the Lambs returns from 24 April, and other highlights include the anniversary releases of the riotous comedy The Birdcage, the cult fantasy adventure Highlander, and the feel-good family favourite Space Jam.
Tickets for all the films are now available to book at Vue Cinemas now.
“At Vue, we know there’s nothing quite like experiencing a great film on the big screen,” commented Mike Anton, who is the General Manager of Vue Manchester Printworks, ahead of the films’ re-releases.
“This anniversary season gives audiences the chance to revisit some of their all-time favourites the way they were meant to be seen, on the big screen, while also introducing these iconic titles to a new generation of film fans.”
Tickets start from just £4.99 when booked online, with some of the later films on the roster only becoming able to book closer to the time, so keep your eyes peeled.
For more information and to book tickets, visit myvue.com.
Popular Channel 4 series The Dog House is looking for people from Yorkshire to adopt rescue dogs
Emily Sergeant
Could you give a rescue dog a second chance in life? Now’s your chance.
The next series of hit Channel 4 show The Dog House is currently in the works, with producers on the lookout for people willing to give rescue dogs a forever home, and people from Yorkshire are being encouraged to apply.
Since first hitting our screens back in 2019, the award-winning series – which is currently in partnership with Woodgreen Pets Charity – has captured the hearts of viewers across the UK, sharing emotional stories of rescue dogs and the people hoping to give them a forever home.
Viewers get to watch incredible journeys of rescue dogs finding their perfect match.
Image: Channel 4
But the show demonstrates that it’s not just the dogs who are being rescued, many of their new owners also find their lives transformed in the process.
“Once again, we’ll be following the expert team of dog-matchers, meeting this year’s rescue dogs, and of course, getting to the know the amazing people who are looking to offer them a lifelong home,” a casting call for The Dog House reads on the Channel 4 website.
“We’re looking for people who are considering taking the incredible step of welcoming a rescue dog into their lives and are happy to share their reasons for doing so.
“If that’s you, then we’d love to get you know you.”
Does this sound like you then? Channel 4 is keen to hear the reasons why you may be looking for a new canine companion, so anyone who fancies applying for the show is asked to fill out an application form online.