Inflation in Germany once again approached the level of 8%. After two months of decline, it rose to 7.9%, as consumer prices in August were higher than a year ago, the Federal Statistical Office informed yesterday. The German central bank estimates that inflation may reach even 10% in autumn.more
Ireland’s energy watchdog, the Commission for the Regulation of Utilities (CRU), grid operator EirGrid and Energy Minister Eamon Ryan will all appear before the Oireachtas climate change committee amid an increase in system warnings — alerts the buffer between what is produced and what is demanded are narrow.more
Pubs across the UK will be forced to close due to energy costs soaring by as much as 300%, brewery bosses warned.
Leaders of six of the country's largest breweries called on the government for "immediate government intervention" on sky-high energy bills this winter.more
People in the Netherlands are concerned about record inflation and rising energy prices, so they are saving enormously on electricity, gas and water and buying less products, according to a study by Panel Inzicht. More than eight in ten Dutch (82%) take a shower less often, it said.more
Households could see their fuel bills cost more than their monthly mortgage payments next year as energy prices skyrocket, energy consultants have warned.
Many people are set to see their disposable incomes shrink significantly in the new year with some seeing the cost of their utility bills catching up with, or overtaking, their mortgage.more
At the beginning of the fourth quarter of this year. Great Britain's economy will enter a recession due to high inflation - forecasts Goldman Sachs. It added that the Bank of England will probably raise interest rates by 50 bp in September. GDP growth in 2023 may be negative and will amount to -0.6%.more
The coming months will be difficult because of rising energy prices, but Russian President Vladimir Putin is solely to blame for this and giving way to him to lower bills would be madness, wrote British Prime Minister Boris Johnson in an article for the Mail on Sunday.more
Not only the lowest earners, but also those on middle incomes will need government help with rising energy prices, UK Finance Minister Nadhim Zahawi warned yesterday.more
So far, the person who won US$1.34 billion on the US Mega lottery on 29 July has not come forward to collect the money. The lucky single ticket was purchased in the Chicago suburb of Des Plaines.more
People are being warned about the consequences of not paying their energy bills, as a campaign to refuse payment gathers support.
Gas and electricity bills are set to soar, with a typical household bill rising to £3,549 in October when the new energy price cap takes effect, and there are fears many will struggle to cover the cost.more
The British are facing a record number of 80 percent increase in energy prices. From October 1, average bills will increase from £ 1,971 to £ 3,549 per year, Ofgem, energy regulator, announced today.more
Small businesses are starting to brace for a steep rise in redundancies, a law firm has warned, amid double-digit inflation and a looming recession. more
Refuse workers in east London are set to go on a week-long strike over a pay dispute. Around 130 Unite members in Newham, including loaders, sweepers and drivers, will walk out from Sunday August 27 until September 3.more
Nearly a third of UK households have found it difficult to pay their energy bills in the past three months, according to a survey released yesterday. Meanwhile, according to forecasts, bills will increase by 80 percent from October.more
The Communication Workers Union (CWU) said its members are taking industrial action for a “dignified, proper pay rise” after they voted in favour by 97.6% in a ballot.
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It doesn't take long for most people to become pretty desensitised to the extortionate prices in London. Everything from pints to properties seems to come at a premium - and parking spaces are no exception. Free parking is an extreme rarity in the capital, and even most residents have to pay for a permit if they want a permanent spot to park their car. But how much you pay for parking varies hugemore
Almost 40% of people working in childcare are actively seeking to leave the sector, a new report has found. Creches and childcare facilities are struggling to recruit staff, with 68% of managers and owners finding it "extremely difficult" to hire and keep workers due to low pay and conditions.more
Britain's economy, however, suffered its biggest decline in more than 300 years in 2020, according to revised GDP figures released yesterday by the Office for National Statistics (ONS). It fell by 11 per cent at the time as a result of the Covid-19 pandemic.more
Spiralling prices are continuing to hit under-pressure households in the cost of living crisis, with UK inflation hitting another 40-year high this week.more
