Massive energy bill hikes put hundreds of thousands of businesses under threat
2 years, 4 months ago

Massive energy bill hikes put hundreds of thousands of businesses under threat

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The massive bill increases now landing on companies’ doormats pose an “existential threat” to many firms who face a “bleak” autumn and winter, the Federation of Small Businesses warned. With five-figure annual energy cost increases common, too many small firms are being faced with impossible choices.” The number of small businesses in Britain shrank by 400,000 last year during the pandemic and the FSB fears a similar amount could disappear because of unaffordable energy. “Unfortunately, in our industry, we are not like a shop or fuel station where the costs can be covered in yet more price increases, our prices have to be relative to the services we support.” The Labour Party has proposed freezing energy bills for domestic customers until April when it is hoped prices may start to ease. “We need direct and immediate support from the government: extending energy support issued via the council tax system to the rates system, direct help with bills for those small firms which don’t pay business rates, and cutting VAT on energy consumption will make a real difference in this space.” The FSB is also calling for immediate allocation of unspent Covid relief funding to help businesses with rising energy costs.

Energy Prices Small Businesses Businesses Small Bills Energy Bills Firms Bill Increases  prices  hundreds  real  small  households  fsb  bills  thousands  bill  increases  threat  firms  businesses  energy  massive  hikes

History of this topic

UK ‘dangerously underprepared’ for future energy crisis and price spikes, experts warn
2 months, 3 weeks ago

UK ‘dangerously underprepared’ for future energy crisis and price spikes, experts warn

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is “dangerously underprepared” and vulnerable to another energy …

Small firms and schools get protection from rip-off energy contracts
9 months ago

Small firms and schools get protection from rip-off energy contracts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thousands of small businesses, schools …

Millions of UK homes risk being overcharged on energy bills due to faulty smart meters
9 months, 1 week ago

Millions of UK homes risk being overcharged on energy bills due to faulty smart meters

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nearly four million homes across Britain risk overpaying on their …

Thousands of restaurants and pubs closing across UK blame soaring bills among pressures they face
11 months, 3 weeks ago

Thousands of restaurants and pubs closing across UK blame soaring bills among pressures they face

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, he said, …

Energy bill price hike takes effect as record numbers struggle with debt
1 year ago

Energy bill price hike takes effect as record numbers struggle with debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Without additional support, it will be anything but a …

Households issued urgent 24-hour warning as energy bills to rise by £94
1 year ago

Households issued urgent 24-hour warning as energy bills to rise by £94

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. This means the UK government needs to take much more action to help people …

Household energy bills to rise 5% from January 1 amid record consumer debt
1 year ago

Household energy bills to rise 5% from January 1 amid record consumer debt

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A £94 increase to the …

Fears of rising energy bills and a costly Christmas lead consumers to cut back
1 year, 2 months ago

Fears of rising energy bills and a costly Christmas lead consumers to cut back

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fears of rising energy bills and a particularly expensive Christmas …

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn profit
1 year, 5 months ago

UK’s ‘broken’ energy system revealed as firms set to make £1.7bn profit

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Simon Francis, coordinator of the …

UK pubs and restaurants plead for government action on energy as bills soar 81%
1 year, 7 months ago

UK pubs and restaurants plead for government action on energy as bills soar 81%

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Last month, analysis of official government data by the commercial real estate specialist Altus …

UK: £12bn to be wiped out from UK as hundreds of small businesses may shut by year end
1 year, 10 months ago

UK: £12bn to be wiped out from UK as hundreds of small businesses may shut by year end

Firstpost  

The cost of energy was the main concern for more than three quarters of those who said the present economic crisis was the biggest challenge they had ever faced. Microbusinesses make up 96% of all companies in the nation’s private sector London: As expenses continue to rise, a report has found that hundreds of thousands of the UK’s smallest businesses …

Businesses forced to change work practices to reduce energy use
1 year, 10 months ago

Businesses forced to change work practices to reduce energy use

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “As is encouraging staff to adopt more energy-saving behaviours.” …

British Gas debt collectors broke into vulnerable customers’ homes to ‘force-fit’ energy meters
1 year, 11 months ago

British Gas debt collectors broke into vulnerable customers’ homes to ‘force-fit’ energy meters

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Debt collectors working on behalf …

The government’s decision to slash energy bills support risks stoking inflation
1 year, 11 months ago

The government’s decision to slash energy bills support risks stoking inflation

The Independent  

Since the onset of Covid, we’ve lost half a million small firms. Allowing more well-run businesses to go under creates a false economy – and the government’s absurd and out of touch decision to slash energy support is taking us one step closer to this nightmare. But our research shows that, if we face continuing high energy prices, a quarter …

Pubs and restaurants could cut opening hours to survive ‘perfect storm’ this year
2 years ago

Pubs and restaurants could cut opening hours to survive ‘perfect storm’ this year

The Independent  

Pubs and restaurants are being forced to consider reducing opening hours to weather a “perfect storm” of soaring bills and cash-strapped customers cutting their spending this year. UKHospitality chief executive Kate Nicholls said: “Hospitality businesses are facing an ever-growing list of challenges, whether that is soaring energy costs, continued staffing challenges, dampening consumer confidence, or the ongoing impact of rail …

Huge energy bills could persist until 2030, experts warn
2 years ago

Huge energy bills could persist until 2030, experts warn

The Independent  

Sky-high energy bills are not a “single winter” problem and could persist up until 2030, an industry expert has warned. “Gas prices in the UK are projected to continue to be impacted as the country’s heavy reliance on imported gas sees it vulnerable to global rises,” he said. “Our long-term forecasts indicate gas prices are likely to remain high up …

‘250,000 hospitality jobs at risk’ without more energy bills support
2 years ago

‘250,000 hospitality jobs at risk’ without more energy bills support

The Independent  

Up to a quarter of a million jobs would be lost in a “bloodbath” on the high street if the government doesn’t extend its support on energy bills, an industry chief has warned. The fragile industry is already struggling with its own version of “long covid” and many businesses will not survive another economic shock, Kate Nicholls, the chief executive …

Many pubs and breweries will close without further energy help, report says
2 years, 1 month ago

Many pubs and breweries will close without further energy help, report says

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. The report showed …

How you can get paid for using appliances at off-peak times
2 years, 1 month ago

How you can get paid for using appliances at off-peak times

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy People in Britain will be given money back on their …

UK government caps energy bills for businesses for 6 months
2 years, 3 months ago

UK government caps energy bills for businesses for 6 months

Associated Press  

LONDON — Britain’s government said Wednesday it will cap wholesale energy bills for businesses this winter to ensure companies don’t go bust amid soaring energy prices. Authorities said the government will pick up nearly half of all business energy bills for six months starting Oct. 1 to ensure companies “are able to get through this winter.” “We’re going to review …

Businesses await details of support to cope with soaring energy bills
2 years, 3 months ago

Businesses await details of support to cope with soaring energy bills

The Independent  

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Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost
2 years, 4 months ago

Energy bills plan will rein in soaring inflation, but come at a ‘massive’ cost

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Prime Minister’s plan to …

Energy bill at Tom Kerridge’s pub to leap from £60,000 to £420,000
2 years, 4 months ago

Energy bill at Tom Kerridge’s pub to leap from £60,000 to £420,000

The Telegraph  

Tom Kerridge, the celebrity chef, revealed that the annual energy bill at his pub has soared from £60,000 to £420,000 and warned that “ludicrous” price rises left the hospitality sector facing a “terrifying landscape”. Speaking to the BBC, Mr Kerridge said one of his pubs has a monthly electricity bill of £5,000 – but this is set to soar to …

Pubs and breweries warn of mass closures as energy bills leap 300%
2 years, 4 months ago

Pubs and breweries warn of mass closures as energy bills leap 300%

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. We could face the prospect of pubs being unable to pay their bills, jobs …

Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar
2 years, 4 months ago

Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Liberal Democrat MP Christine Jardine …

National Grid warns of three-year energy crisis as emergency effort launched to cut factory power use
2 years, 4 months ago

National Grid warns of three-year energy crisis as emergency effort launched to cut factory power use

The Telegraph  

Industry chiefs are preparing for the energy crisis to last for another three years as National Grid draws up emergency plans to reduce power demand from factories across Britain. Large industrial companies would be paid to cut gas usage every winter until 2025 as National Grid attempts to avoid uncontrolled blackouts that would cause "a major economic and societal impact". …

No need to cut energy use and no risk of winter blackouts, No 10 tells public
2 years, 4 months ago

No need to cut energy use and no risk of winter blackouts, No 10 tells public

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “That’s because we have one of the most reliable and diverse energy systems in the …

Small businesses warn of ‘existential threat’ posed by £20,000 energy bills
2 years, 4 months ago

Small businesses warn of ‘existential threat’ posed by £20,000 energy bills

The Telegraph  

Small businesses face an “existential threat” from soaring energy bills, industry leaders have warned, with thousands at threat of closure unless the new prime minister offers aid before winter. “The new electricity and gas quotes, contracts, and bills that have landed on many small business inboxes in recent weeks and months contain, in black and white, numbers which add up …

BP profits triple as UK customers face even higher energy bills
2 years, 5 months ago

BP profits triple as UK customers face even higher energy bills

CNN  

London CNN Business — UK energy giant BP reported its biggest quarterly profit in 14 years on Tuesday — a development that’s likely to stir anxieties around eye-watering energy bills that have driven a cost of living crisis in the country. The average energy bill is expected to rise 83% from its current level to top £3,600 a year beginning …

Small businesses lose customers as inflation crisis forces them to hike prices
2 years, 5 months ago

Small businesses lose customers as inflation crisis forces them to hike prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. However, 26 per cent of …

Five million households face energy budget crunch as bills soar overnight
2 years, 9 months ago

Five million households face energy budget crunch as bills soar overnight

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Five million households will be forced to spend at least …

Energy suppliers are desperate to persuade their own customers to buy less
2 years, 11 months ago

Energy suppliers are desperate to persuade their own customers to buy less

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Putting this in perspective, cutting VAT on energy from …

Majority of over-65s are worried about paying heating bills, charity says
2 years, 11 months ago

Majority of over-65s are worried about paying heating bills, charity says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Predictions from the energy sector suggest that bills could go …

Energy crisis talks fail to reach deal as household bills could double
3 years ago

Energy crisis talks fail to reach deal as household bills could double

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Emergency talks aimed at fixing …

Suppliers demand urgent action to halt energy crisis as household bills set to jump 50 per cent
3 years ago

Suppliers demand urgent action to halt energy crisis as household bills set to jump 50 per cent

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy suppliers have demanded urgent …

Energy bills to rise even higher as suppliers warn of ‘nationwide crisis’
3 years ago

Energy bills to rise even higher as suppliers warn of ‘nationwide crisis’

The Independent  

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Energy bills set to soar to £2,000 a year, threatening Boris Johnson with cost-of-living crisis
3 years ago

Energy bills set to soar to £2,000 a year, threatening Boris Johnson with cost-of-living crisis

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Energy supplier failures will add £85 to bills next year, warns watchdog
3 years, 1 month ago

Energy supplier failures will add £85 to bills next year, warns watchdog

The Telegraph  

Energy bills will rise by as much as £85 next year following a raft of supplier collapses, the regulator has warned. More than 20 energy companies have failed this year as the government-imposed price gap prevented them from passing on rocketing wholesale gas prices. Ofgem appointed a “supplier of last resort” for the collapsed suppliers, meaning their customers have been …

Why do energy firms keep going out of business?
3 years, 2 months ago

Why do energy firms keep going out of business?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bulb is expected to become …

Energy crisis: Another 20 suppliers to go bust in next month, Scottish Power boss warns
3 years, 2 months ago

Energy crisis: Another 20 suppliers to go bust in next month, Scottish Power boss warns

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy At least another 20 UK …

UK energy crisis: Warning bills may soar 30% in 2022
3 years, 3 months ago

UK energy crisis: Warning bills may soar 30% in 2022

The Independent  

✕ Close Gas price hikes: Will my energy bills rise? For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The …

Avoid a crisis as rocketing energy costs burn through your cash
3 years, 3 months ago

Avoid a crisis as rocketing energy costs burn through your cash

Daily Mail  

Money to burn: Most households will see their energy bills rise over the coming months Households are facing a difficult winter of soaring energy bills, with annual costs expected to rise by hundreds of pounds for many. Most of the best energy deals have already been withdrawn from the market and suppliers are going bust in droves, leaving millions of …

Energy price hike: Seven ways to cut your costs and get support with bills
3 years, 5 months ago

Energy price hike: Seven ways to cut your costs and get support with bills

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Kevin Pratt, an energy expert at Forbes Advisor, warned …

UK energy bills rise by £1.2bn after government introduces price cap
5 years, 6 months ago

UK energy bills rise by £1.2bn after government introduces price cap

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A combined £1.2bn has been …

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