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Monday, 28 January 2008 |
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By Tom Dawson
 Yet another utility price rise announcement could put Britons under more financial pressure, it has been suggested.
According to price comparison website uSwitch, the recent decision by British Gas to put up its rates could increase bills for about half of its 16 million customers. The energy company has announced that both prices for gas and electricity are to go up by 15 per cent each, increases of 85 pounds and 54 pounds. Coming in with immediate effect, it is reported that the price hikes will add 139 pounds on to the typical energy bill for dual fuel customers as they go up from 912 pounds to 1,051 pounds.
Such price increases, as well as putting up energy bill costs, may also impinge upon consumers' ability to meet other sources of financial demand such as personal loans, credit cards and mortgages.
However, it was suggested that consumers could find themselves coming under even further monetary pressure as the company recently reported that it is considering implementing a 'postcode lottery' price system. This would see British Gas customers pay different prices |
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Last Updated ( Monday, 28 January 2008 )
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Sunday, 27 January 2008 |
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By Roger Munns
 Leading by more than ten points in the opinion polls, the British Tory Party is producing policy reviews that could be adopted for their manifesto - and should they win ultimately become part of a new administration's legislative programme.
One such review looks at taxation, and proposals include cutting bureaucracy and saving British business some 14 billion Sterling a year, while the review considers changes in the tax structure.
Part of this review, co-chaired by former Cabinet Minister and Welsh Minister John Redwood, proposes abolishing inheritance tax.
Inheritance tax is increasingly an issue for Britain's middle classes as property rises have risen significantly in recent years, and with the current threshold of 300,000 Sterling more and more people are having to pay inheritance tax, with popular newspapers such as the Daily Mail regularly running stories about how ordinary people are being caught up with the tax, especially in southern England where even a three bedroom semi detached house is often over 300,000. Treasury figures however indicate that only one will in twenty is in excess of 300,000 in the United |
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Last Updated ( Sunday, 27 January 2008 )
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