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
Classic FM will be playing calming music for anxious pets this Bonfire Night
Classic FM will be back playing calming music for anxious pets during this year’s fireworks season.
Bonfire Night may be loved by us humans for the spectacular firework displays and all the festive-themed activities that come along with it… but sadly, the November holiday isn’t quite so fun for our four-legged friends.
Loud bangs, flashing lights, and unpleasant strong smell of spent explosives are just some of the reasons why fireworks are frightening to pets.
Not only that, but with multiple bangs occurring from numerous displays across this time of year, pets are rarely able to pinpoint when and where the booming explosions are coming from, therefore creating even more anxiety around this time of year.
Classic FM will play calming music for anxious pets during this year’s fireworks / Credit: DESIGNECOLOGIST (via Unsplash)
Which is why, for the ninth year running now, Classic FM is once again teaming up with the RSPCA for two Pet Classics programmes packed with ‘the most soothing and comforting classical music’.
The music has been handpicked to help calm and settle any anxious pets.
A survey by the RSPCA revealed that almost two-thirds (63%) of animal owners reported their pet was distressed during fireworks season, and that playing relaxing music was the most common way (36%) to help calm or prepare their animal.
Presenters Dan Walker, Aled Jones, and Dawn O’Porter will each host a night of the specially created programme to help keep the nation’s pets calm through the whizzes and bangs.
Dan will present the first programme on Bonfire Night itself (Thursday 5 November), and then as celebrations continue throughout the weekend, Aled will be on hand to bring some peace to Friday 6 November, and Dawn picks up the baton on Saturday 7 November.
All three Pet Classics programmes will be broadcast from 5pm to 10pm, and you can listen on Classic FM or Global Player available across the UK.
Leeds station to undergo £303m transformation in biggest upgrade for a generation
Clementine Hall
Leeds train station set for biggest transformation in a generation as Government backs growth.
If you thought the work was over for Leeds station, think again.
Because passengers are set to see major improvements as the Government injects a further £200 million into the development of the transport hub.
The additional funding was announced at the Budget today, with upgrades set to be delivered by 2030 and will include the construction of a new central overbridge, three new entrances, more space on the concourses and a longer Platform 14.
Image: Supplied
It means passengers will benefit from more direct routes, less crowding, and nearly 40% more ticket barriers.
Three new entrances will strengthen links between the station and town, improving access to the South Bank, the Dark Arches and Princes Square.
Transport Secretary, Heidi Alexander, said: "Leeds station is the gateway to West Yorkshire, and this extra £200 million investment will turn it into a station this city can be proud of: modern, welcoming and built for the people who rely on it every single day.
"The great cities of the north deserve better transport, and that’s exactly what we’re delivering. We're paving the way for Northern Powerhouse Rail, forging stronger connections across the region, and backing the infrastructure that creates jobs, builds homes and puts passengers first as we work to set up Great British Railways."
Mayor of West Yorkshire Tracy Brabin said: "Leeds Station is the beating heart of our region's transport network, connecting millions of people to jobs, education and opportunity every year – and it’s only going to get busier.
“This investment will benefit passengers and businesses, help to unlock the capacity we need for future growth and create a gateway to West Yorkshire that reflects our ambition.
“Together with our wider plans for West Yorkshire’s Weaver Network, we're building a better-connected region which works for all.”
Georgina Pellant -
24th May 2022 
