‘It’s unsustainable’: homes in Great Britain brace for winter with soaring energy debts

The energy price cap in Great Britain is set to increase on Wednesday, which could impact many households this winter. However, if you're currently on your provider's standard tariff, there's still a chance to lower your energy bills by exploring better deals in the market. This is important as it encourages consumers to take action and potentially save money during a time when energy costs are rising.

The energy price cap in Great Britain is set to increase on Wednesday, which could impact many households this winter. However, if you're currently on your provider's standard tariff, there's still a chance to lower your energy bills by exploring better deals in the market. This is important as it encourages consumers to take action and potentially save money during a time when energy costs are rising.

Ovo Energy, one of Great Britain's largest domestic gas and electricity suppliers, is facing uncertainty about its future after failing to meet financial stress tests set by regulators. Founded by green energy entrepreneur Stephen Fitzpatrick, the company has acknowledged challenges in improving its capital position. This situation is significant as it raises concerns about the stability of energy supply in the UK, especially amid ongoing discussions about the transition to greener energy sources.

Ovo Energy, one of Great Britain's largest domestic gas and electricity suppliers, is facing uncertainty about its future after failing to meet financial stress tests set by regulators. Founded by green energy entrepreneur Stephen Fitzpatrick, the company has acknowledged challenges in improving its capital position. This situation is significant as it raises concerns about the stability of energy supply in the UK, especially amid ongoing discussions about the transition to greener energy sources.

The energy price cap is expected to stay stable this winter, but experts warn it could rise significantly in six months. This forecast is crucial as it impacts household budgets and energy planning for the upcoming months, highlighting the need for consumers to stay informed about potential changes.

The energy price cap is expected to stay stable this winter, but experts warn it could rise significantly in six months. This forecast is crucial as it impacts household budgets and energy planning for the upcoming months, highlighting the need for consumers to stay informed about potential changes.

In a significant move, Rachel Reeves is set to lift the two-child benefit cap in the upcoming November budget, addressing a pressing issue that has impacted 1.7 million children in Great Britain. This change, driven by demands from Labour MPs and child poverty advocates, aims to alleviate financial strain on families. The government is also considering a tapered system to better support those in need. This decision is crucial as it reflects a commitment to tackling child poverty and improving the welfare of vulnerable families.

In a significant move, Rachel Reeves is set to lift the two-child benefit cap in the upcoming November budget, addressing a pressing issue that has impacted 1.7 million children in Great Britain. This change, driven by demands from Labour MPs and child poverty advocates, aims to alleviate financial strain on families. The government is also considering a tapered system to better support those in need. This decision is crucial as it reflects a commitment to tackling child poverty and improving the welfare of vulnerable families.

The UK's FTSE 100 index has reached a record high, marking a significant milestone as investors remain optimistic despite concerns over a potential US government shutdown. This surge comes as global stocks celebrate their best September performance since 2013, reflecting a resilient market sentiment. The rise in the FTSE 100 is particularly noteworthy given the backdrop of declining business confidence in the UK and a contraction in the eurozone's manufacturing sector. This positive trend in the stock market is crucial as it indicates investor confidence and economic stability, which can lead to further investments and growth.

PPE Medpro, a company linked to Baroness Mone, has been ordered by the court to repay £122 million in damages related to a PPE contract. This ruling highlights the ongoing scrutiny of government contracts and the accountability of companies involved in public health procurement, especially in the wake of the pandemic.

Greggs has announced another price increase for its breakfast meal deals and biscuits due to ongoing cost pressures. This move is significant as it reflects the broader trend of rising prices in the food industry, which could impact consumer spending and dining habits. Customers may need to adjust their budgets as they face higher costs for their favorite meals.

Gold Royalty has successfully expanded its portfolio to include 250 assets following a significant deal involving the Spanish Moon project. This expansion is crucial as it not only enhances the company's asset base but also positions it for greater opportunities in the gold market, reflecting a strong growth strategy that could benefit investors and stakeholders alike.

DuPont has announced the final results of its exchange offers for senior notes, marking a significant step in its financial strategy. This move is important as it reflects the company's efforts to manage its debt and optimize its capital structure, which can ultimately impact its financial health and investor confidence.

In response to looming tariff threats, global drugmakers are rapidly increasing their presence in the U.S. market. This move is significant as it not only reflects the companies' commitment to maintaining access to one of the largest pharmaceutical markets but also highlights the ongoing shifts in global trade dynamics. By bolstering their operations in the U.S., these companies aim to mitigate potential impacts from tariffs, ensuring they can continue to deliver essential medications to American consumers.