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Directive comes as energy minister expresses ‘horror’ at claims British Gas contractor allegedly broke into vulnerable customers’ homesThe energy minister has expressed “horror” at revelations about a British Gas contractor allegedly breaking into vuln…
Hike of 0.5 percentage points lifts rates to 14-year high, but BoE says shorter and shallower recession now more likelyInterest rates rise again but Bank of England hints at a brighter futureThe Bank of England raised interest rates for a tenth consecu…
Debt collectors allegedly broke into homes to fit meters despite signs of children and vulnerable people living thereThe energy regulator has launched an investigation into British Gas after it emerged that agents working on its behalf ignored customer…
Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise themTurn up. Take the temperature of the economy. Raise interest rates. That’s the been the pattern from the responsible technocrats at the Bank of Engla…
Potential £9m profit dropped for £150m investment to shield consumers from price increases, says supplierOctopus Energy said it has decided against making its first ever annual profit after ploughing £150m into attempting to keep customers’ gas and ele…
Average cost of home now 3.2% below August 2022 peak as mortgage demand slumpsHouse prices in the UK continued to fall in January, sliding for the fifth month in a row, according to Nationwide, pushing the average cost of a home 3.2% below the peak se…
Anti-money laundering (AML) policies are getting stronger as countries crack down on any opportunity criminals might have to take advantage of services and resources to further their activity. The US has the Bank Secrecy Act, the Patriot Act, and Anti-…
Regulator defends suppliers who have forced people on to the metersOfgem is considering closing the gap between the cost of energy bills for customers on prepayment meters and those on direct debits – but has defended suppliers who have forced people o…
Figures for England and Wales likely to worsen as UK goes into recession, say analystsBusiness insolvencies jumped 30% to a 13-year high in 2022 as government support programmes that offered companies protection from their creditors during the pandemic…
Bank of England figures also reveal many households are dipping into savings, rather than using credit cardsDemand for mortgages has collapsed to its lowest level since the depths of the 2020 lockdown as potential homebuyers are deterred by rising inte…