Energy firms to be quizzed by MPs about bills
June 24, 2008 · Filed Under Retail News · Comments Off
Energy chiefs will be asked to defend expected future rises in fuel bills when they appear before MPs on Tuesday.
Domestic suppliers are under pressure to explain pricing intentions after the BBC learnt that household energy bills could rise by up to 40% this winter.
Industry sources have suggested households could pay £400 more a year on average for gas and electricity.
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Consumer inflation may top 4%
June 18, 2008 · Filed Under Finance News · Comments Off
Rising food and energy prices could push UK consumer inflation above 4% this year, the governor of the Bank of England has warned.
He was speaking after the Office for National Statistics (ONS) said the Consumer Prices Index (CPI) rose by 3.3% in May, up from 3% in April.
This is the fastest rate since the CPI measure began in 1997, the ONS said.