TWO senior Tories have warned the Government may need tax hikes and spending cuts because of the size of the national debt. In a letter to Chancellor Philip Hammond, veteran Ken Clarke and ex-Cabinet Office minister John Penrose said official figures gave an over-optimistic picture as they did not include private finance initiative…
Read MoreTo those who say that politicians never deliver on their election promises, we can collectively send a blaring foghorn reply of “You’re wrong.” The energy price cap Bill is an incredibly rare political unicorn: a pledge that not only has cross-party support, but is being fulfilled. However, price caps are…
Read MoreThe Prime Minister revived the party’s manifesto pledge to introduce an upper limit on charges last autumn, when she vowed to fix a system which “punishes loyalty with higher prices”. But some number of Tory MPs have raised concerns that the introduction of an “absolute limit” on prices rather than a relative…
Read MoreThe government is set to introduce new legislation to cap default energy tariffs which should see millions of users pay less for fuel. As part of the Domestic Gas and Electricity (Tariff Cap) Bill, energy regulator Ofgem is set to introduce a price cap on standard variable tariffs (SVTs) in…
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