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
You can watch The Devil Wears Prada 2 for FREE across Leeds
Did you know you can watch The Devil Wears Prada 2 for free across Leeds just by taking a quick trip to the shops?
If you’re eager to watch Miranda Priestly (Meryl Streep), Andy Sachs (Anne Hathaway) and the Runway Magazine crew on the big screen once again, you can do so for free.
After making its cinema premiere earlier this month, 20 years since the first film, The Devil Wears Prada 2 continues the story with more iconic quotes and a whole host of celebrity cameos.
One of these is pop phenomenon Lady Gaga, who also appears on the soundtrack for this stylish sequel alongside artists like Miley Cyrus, Doechii, and Brit acts Raye and Olivia Dean.
Just like real life, the story follows the real-life fashion news outlet and media brand, Runway Mag, undergoing some major changes.
For instance, they’re wrestling with scrapping print editions of their beloved publication and swapping this for online short-form content.
The sequel to this fashion-focused film also sees role reprisals from Stanley Tucci and Emily Blunt, with new additions from Lucy Liu, Kenneth Branagh and Justin Theroux.
Now, enough of us talking at “a glacial pace”, let’s get all of you fashion fans those free cinema tickets before they go out of style.
An all-new promotion courtesy of not one, but three notable names: The Devil Wears Prada 2, Diet Coke and Sainsbury’s
The UK Supermarket chain is currently running a promotion during the film’s big-screen run, where if you purchase a 30-pack of Diet Coke, you can get free tickets to The Devil Wears Prada 2.
Simply purchase one of the big crates of Diet Coke between Wednesday, 29 April and Tuesday, 19 May, before snapping a picture of your receipt and uploading it online.
So it really is that simple, all you have to do is buy a 30 pack of Diet Coke and get a free cinema ticket for doing so – did somebody say girl maths?
For more info and to upload your receipt, visit the promotional website HERE.
Passengers across the North warned as new train timetables are being introduced this month
Emily Sergeant
Passengers across the North are being told to plan head as new train timetables with ‘targeted adjustments’ are being introduced this month.
Forming part of the national timetable change – which takes place twice a year each May and December – train operator Northern is reminding customers about changes which are going live next week following recent feedback from customers on how to improve.
While most of Northern’s services set to see little to no change this month, there are some ‘targeted adjustments’ taking place.
In the North West and Greater Manchester, there will be some small changes on a few routes to ‘help with punctuality’, but it’s elsewhere across the region where more significant changes are set to take place.
Image: Northern
In the North East, more customers will be able to travel between Newcastle and Whitby on Sundays without changing trains, and there will be some small tweaks to the timetables on other lines.
Then, over in Yorkshire and Lincolnshire, trains running between Sheffield and Lincoln will now call at all stations along the route on Sundays.
“We’ve listened to feedback from our customers and have focused on improving reliability when the May timetable change takes place,” commented Toby Higgins, who is the Head of Business Performance at Northern, ahead of the timetable changes being introduced next week.
“Whilst there won’t be widespread changes to times, I’d advise customers to check before they travel as some services will leave a few minutes earlier than they do now to help with overall punctuality.”
New train timetables go live from next Sunday 17 May, and the full details of all of the changes taking place across the network can be found on Northern’s website here.
Georgina Pellant -
24th May 2022 
