16m pay bonanza for five British Gas bosses: Windfall came just weeks after inflation-busting price increases Chief executive Sam Laidlaw is handed 5million Figures emerge in Centrica's annual report showing British Gas made 606million profitOfgem predict the average gas and electricity bill will rise to 1,420 by end of next year was 1,188 and customers have seen their prices double over the last seven years. A total of 2.5million families are estimated to live in ‘fuel poverty’, which means they have to spend more than 10 per cent of their income on their energy bill
Inflation index 'has cheated us for years': Annual increase in bills has been linked to inaccurate figures ONS admitted its Retail Prices Index measure was 'inadequate'RPI dictates how much Britons' household bills go up each yearThe measure has been swapped for the 'improved' RPIJ, said ONS .
Private school offers mortgage-style repayment scheme to cover 9,000-a-year day pupil fees Fernhill School in Glasgow is offering parents chance to spread fees over ten years, interest freePayment plan could reduce monthly payments by up to 50 per cent /13 – with the highest fees topping 21,000. The increases put pressure on parents – particularly those for whom private education is at the limits of affordability.
Plight of savers could get even worse as Bank of England considers NEGATIVE interest ratesDeputy governor Paul Tucker says Bank has discussed radical moveHigh street lenders would have to pay the central bank to hold their moneyMove could wipe out savings rates and inflation would ravage deposits By Rachel Rickard Straus PUBLISHED: 16:22 GMT, 26 February 2013 | UPDATED: 21:38 GMT, 26 February 2013 Negative interest rates should be considered as an option to encourage banks to lend to small and medium-sized firms, the Bank of England’s deputy governor for financial stability said today. Paul Tucker said the dramatic move had been discussed at this month’s rate-setting meeting as an option to help fuel economic growth
75,000 cap on cost of care will lose thousands of pensioners their homes By Daniel Martin PUBLISHED: 01:55 GMT, 9 February 2013 | UPDATED: 07:02 GMT, 9 February 2013 Criticised: Lord Warner warned that setting the cost of long-term care cap so high could mean thousands of pensioners will have to sell their homes A chief architect of plans to limit the cost of long-term care has criticised ministers for setting the cap so high that thousands of pensioners will have to sell their homes. Lord Warner is warning that if a husband and wife both move into care, they could have to pay 150,000 before the state steps in – wiping out almost the entire value of an average house
Private sector pensions shut down at record rate: Millions face working into their 70s for paltry payoutsOnly 13 per cent of new recruits at companies will get a 'final salary' pensionThe figure is dramatically down from the 43 per cent of new recruits in 2005National Association of Pensions Funds highlights a pension apartheid By Becky Barrow PUBLISHED: 02:24 GMT, 28 January 2013 | UPDATED: 02:24 GMT, 28 January 2013 Gold-plated pensions in the private sector are being shut down 'at the fastest rate on record', a report by the National Association of Pensions Funds warns today.
Benefits rising twice as fast as salaries: Payments to unemployed jump by 20% in five yearsJobseeker's Allowance up 20 per cent from 59.15 a week in 2007/08 to 71In the same five-year period wages only rose by 12 per cent Iana Duncan Smith said the system is not fair on workers By Gerri Peev PUBLISHED: 00:01 GMT, 2 January 2013 | UPDATED: 09:49 GMT, 2 January 2013 Welfare handouts to those languishing on the dole have risen almost twice as fast as average wages over the past five years.
Train season tickets have risen by 40% in five years…
How to drive jobsworths potty! In this devilishly inventive manifesto, late astronomer Sir Patrick Moore tells how he fought back against box-ticking bullies | UPDATED: 02:04 GMT, 29 December 2012 Hitting back: Sir Patrick Moore had his own way to fight back against bureaucrats Sir Patrick Moore, who died earlier this month aged 89, is best remembered as the motor-mouthed frontman of television’s longest running show with the same presenter, The Sky At Night on BBC1. But the astronomer and entertainer had another side, as a self-appointed scourge of bureaucracy.
Nearly half of families are worried about debts as toxic combination of runaway inflation and low wage growth means they struggle to make ends meetAverage household now 22 a month worse off than a year agoHouseholds are cutting spending, looking for extra work or asking for helpBank of England says consumer spending has been 'flat' since end of 2009 | UPDATED: 00:04 GMT, 18 December 2012 Nearly half of all households in Britain are worried about their debts as the squeeze on family finances intensifies, the Bank of England warns today. A toxic combination of runaway inflation and low wage growth has left millions struggling to make ends meet in the run up to Christmas. The average household is now 22 a month worse off than they were a year ago, according to a study from the Bank, blowing a 264 hole in annual family budgets