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
Pioneering Bradford artist David Hockney has passed away aged 88
David Hockney, one of Britain's most influential and recognisable artists, has sadly died.
Born in Bradford in 1937, David Hockney built a career spanning more than six decades and became one of the most influential figures in contemporary art.
He was best known for his vibrant paintings, from the iconic swimming pools of Los Angeles to the sweeping landscapes of Yorkshire and Normandy.
And of course you can't forget the adorable paintings of his sausage dogs Stanley and Boodgie.
This morning on Friday 12 June, it was sadly announced that David Hockney had passed away - just one month prior of his 89th birthday.
Admired by critics and the public alike, Hockney's work was exhibited around the world and attracted record-breaking prices, cementing his place as one of the defining artists of the modern era.
Most recently, his incredibly immersive exhibition 'Bigger & Closer (not smaller & further away)' was a hit across the country, proving his work still resonated with the people of today.
His work at Salts Mill has remained in exhibit for years, including his special digital drawings that he did on his iPad.
His death marks the end of a truly extraordinary career, but his influence on British culture and contemporary art will endure for years to come.
A true West Yorkshire icon that will be missed by many from across the globe. RIP David.
Featured image - Publicity photo via Justin Sutcliffe (supplied)
UK News
Ryanair to be investigated for over charging parents to sit with their children
Emily Sergeant
Ryanair is being investigated by the Government’s leading regulator over charging parents to sit with their children.
Currently, Ryanair ’s terms and conditions require at least one parent to sit with their children aged two-11 when they fly, but this is done through what the airline calls a ‘mandatory family seat’, meaning the parent must pay in order for them to secure a seat next to their child.
This fee applies to both outbound and return flights, and typically costs around £8 each way – but for all other passengers, reserving a seat is optional.
And it’s this that the Competition and Markets Authority (CMA) has launched an investigation .
Ryanair is being investigated over charging parents to sit with their children / Credit: Gerrie van der Walt (via Unsplash)
CMA evidence suggests this approach to seating is used across the majority of Ryanair’s UK routes, and the watchdog understands that Ryanair is the only major airline flying out of the UK to impose this charge.
Other airlines offer to seat children with a parent or guardian without the need for a paid-for adult seat reservation, or they allocate seats together automatically during booking for free.
The CMA says it’s investigating, in particular, whether Ryanair’s approach to seat reservations may mean parents are being charged for the airline to meet its child safety and disability‑related obligations as set out under aviation rules.
The watchdog wants to determine whether or not this practice is in line with consumer law, and whether the airline’s contract terms are ‘unfair’ if they put customers at an unfair disadvantage.
Under consumer law, businesses must show a total price that includes all unavoidable charges, rather than adding extra charges separately or later in the process, as this ensures consumers can effectively compare prices and understand the true cost of what they are buying.
“Lots of families save up to afford a summer holiday and we know that extra charges can quickly bump up the price,” commented Hayley Fletcher, who is the Senior Director of Consumer Protection at the CMA.
“Our investigation will consider Ryanair’s approach to family seat reservations and how the cost is presented to consumers to determine whether they comply with consumer law.
“For the past year, we’ve told businesses to ensure their customers are shown the total price upfront – those who don’t face the very real possibility of action from the CMA.”
At present, the CMA is currently at the beginning of its investigation, and has reached no conclusions about whether Ryanair has broken the law.
Georgina Pellant -
24th May 2022 
