British consumers have been left bewildered as the price of petrol seems to have risen to a new high. The AA has revealed the average price of a litre of unleaded will now cost 142.28p, whilst the average cost of diesel is at a whopping 147.88p a litre (accurate as of April 2012). (More …)
The Office for National Statistics (ONS) has released some encouraging figures regarding the state of unemployment in the UK. Between December 2011 and February 2012, the unemployment figures fell 35,000 to 2.65 million. However, whilst these figures are encouraging in the short term, some analysts believe there are still long term concerns. (More …)
Payday loans have come under criticism in certain quarters recently for a verity of reasons. The amount of interest which users are thought to pay back is one of the main gripes that some people have, as well as the ease at which payday loans can be gotten. There are myths, half truths and pure speculation regarding certain issues with payday loans, all of which will be cleared up within this post; but even with this in mind, it’s still necessary to borrow sensibly. So how do you use payday loans responsibly? (More …)
According to the Royal Mail, stamp prices are set to rise. As the current UK economy faces uncertain times, coupled both families and businesses struggling to make ends meet, is this really a good time for the Royal Mail to be hiking up their prices? Unfortunately, according to their chief executive, the decision to do so was inevitable. (More …)
The Deputy Prime Minister Nick Clegg has announced that they are going to launch a new scheme to help consumers across the UK with their energy bills.
The new scheme will mean that energy companies will have to let their customers know what the best deals are, and offer it to them if they ask for it. The six big energy firms in the UK, including British Gas, E.ON, NPower, Scottish and Southern Energy, EDF and Scottish Power will have to contact their customers yearly to let them know what the best deal would be. Ministers are hoping that this will save customers as much as £100 per year.
They should also contact customers if they are nearing the end of their contract, to let them know if they could be getting a better deal.
In the autumn, most customers saw an increase of around 15% – 18% in their gas bills, as well as a rise in electricity bills. So, this plan to help customers save money will be welcome.
This move has come as Deputy PM Nick Clegg, has said that seven out of ten people are paying too much for their energy bills. He said that it was unacceptable that households aren’t hold of cheaper available fuel tariffs. In a speech today he said “We can’t control volatile world energy prices but we can still help people get their bills down.
The government have also said that they are looking at maybe putting “quick read” codes (like barcodes) on energy bills by spring 2013. These will contain information about your energy consumption, which will then be seen by other energy companies, who could offer a cheaper deal.
Mr Clegg told the BBC that this change was “an important step” as companies currently don’t have to tell customers if they are on the wrong tariff.
However, all of the work will not be done for you. If you receive a letter and think that you can get a better deal, you will have to chase it up to get more information. Also, you won’t be shown the best deals from other companies either, so it’s always a good idea to shop around.
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