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 .
British Gas under fire for raking in 50 profit per household just months after hiking bills… and the boss looks forward to walking away with 10m Company profits for 2012 have soared to 606million But price rises for 12million customers could come as early as next winterShadow Energy Secretary says market too dominated by 'big six' firmsCaroline Flint called for tough regulation so public don't feel 'manipulated'Campaigners say consumers feel 'resentment and dread' as bills still rise will be used to help fund a 10million package in pay, shares and pension pot for departing boss Phil Bentley, who will leave the business in June.
Why doing the washing on a windy day could save you money: Energy firms plan alert system to tell customers when electricity is cheaper Energy firms are to let customers know when it is cheapest to do their washingThe year-long trial aims to find out if people will respond to being told which days are 'greener'The Energy Saving Trust estimates that customers can save 250 by using appliances more efficiently By Ben Spencer PUBLISHED: 01:51 GMT, 14 February 2013 | UPDATED: 02:06 GMT, 14 February 2013 The trial aims to find out if people will do their washing on 'green' days when it is windy Windy days have always been the time to do your washing, washerwomen of old hanging out clothes in the breeze so they dried quicker. And that tradition is set to continue long into the future – because putting the washing machine on could be cheaper when it is windy. Energy firms are trying out a system which alerts customers when electricity prices are cheaper because wind conditions mean green power is cheap and plentiful.
House prices up 50% in capital hot spots in just three years as super-rich foreigners buy sought-after propertiesPrices 16.5 % cent higher than before the financial crash three years agoLondon’s property market outperformed the likes of New York and Paris . ‘Sales to Russians, US and Indian buyers remain the most prevalent, however. Between them they made up over 15 per cent of all sales last year.’ South Kensington, where the average house price tops 1million, drew the largest number of international buyers, with a staggering 76.5 per cent of all property in the area bought by foreigners last year
Cost of petrol set to rise by up to 5p a litre as stations pass on increase in wholesale prices 1p of rise in wholesale prices has been passed on at many petrol stationsRetailers insist they are not to blame for the 5p price riseAA attacked fuel industry for failing to pass on 2p fall in diesel wholesale costs that was worth 2.5p at the pump By Ray Massey PUBLISHED: 01:59 GMT, 25 January 2013 | UPDATED: 02:00 GMT, 25 January 2013 Motorists are facing more pain at the pumps, with increases of up to 5p a litre, the AA warned. Already 1p of the rise in wholesale prices has been passed on at many petrol stations – leaving another 4p to come.
Senate APPROVES fiscal cliff deal after White House and Republicans strike agreement | UPDATED: 15:39 GMT, 1 January 2013 The U.S. Senate has voted in favor of a deal to keep the nation from falling over the fiscal cliff, with only the Republican-controlled House left to vote on the package. The vote came about five hours after the White House and congressional Republicans struck a deal
Families put big spending on hold to pay off their mortgages as debt falls by 8bn in three months Homeowners paid off more than they borrowed in the third quarter of 2012It was the 18th quarter in a row that mortgage debt has fallen . It was the 18th quarter in a row that mortgage debt has fallen, and families have now ploughed 137.5billion of equity into their homes since early 2008. The injection of equity – which increases the proportion that households own against the proportion that is mortgaged – is in stark contrast to the borrowing binge of the decade before the financial crisis struck
Return of the first-time buyer: Numbers reach five-year high as 216,000 take their first step on property ladder this yearNumber of first-time buyers increase by 12 per cent First-time buyers are getting older and put down bigger deposits than before | UPDATED: 00:01 GMT, 29 December 2012 First-time home buyer numbers reached a five-year high in 2012, helped by improvements in affordability, a study has found. However, the average age of a first-time buyer has increased to 30, from 29 a year ago, and the typical deposit required is 20 per cent, compared with the deposit of around 10 per cent put down in 2007, Halifax found. Around 216,000 people took their first step on the property ladder in 2012, showing a 12 per cent year-on-year increase and making up two fifths of all house purchase loans.
Traffic wardens given tape measures to fine motorists 70 for parking more than 19 inches from the kerb | UPDATED: 00:49 GMT, 26 December 2012 Traffic wardens have been issued with tape measures to fine motorists who park more than 19 inches from the kerb.
Revealed: Real cost of petrol is now as high as in wake of Suez Crisis when supplies were rationedHouse of Commons says prices now are equivalent to the fall-out of the 1957 fuel shortages triggered by stand-off with Egypt Tory MP Robert Halfon calls for crackdown on 'oil cartels'Ministers to publish a study in January into demise of petrol stations after 285 close in two years | UPDATED: 12:30 GMT, 24 December 2012 Petrol prices in 2012 are 'broadly equivalent' to those during the Suez crisis, House of Commons researchers said Petrol prices are now as high as in the wake of the Suez crisis when petrol was rationed, shocking new research suggests. In the last 100 years, the cost of filling up a car has only been higher in the wake of the First World War when the petrol pump was still a novelty on the high street