Tag: Ofgem

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March 11, 2024 BY Simon Mugo

UK’s Ofgem Seeks Opinions on Record £3.1Bn Unpaid Energy Bills

Despite a recent downtrend in energy prices, the financial strain on numerous households persists, with Ofgem reporting a notable increase in consumer debt related to energy bills last month. Tim Jarvis, the Director General for Markets at Ofgem, highlighted the severity of the situation, stating, "The challenge of managing energy bills has reached critical levels…

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November 15, 2023 BY Elizabeth Anderson

UK inflation falls to 4.6% after 45-year high in March 2023

Bestinvest’s finance analyst, Alice Haine, noted: Softening inflation is positive news for households as it means incomes might be less stretched than they have been, but a decline in the headline rate does not mean prices are reducing, just that they are rising less quickly compared to previous months. The figures were reduced after the…

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