It will be interesting to see what the political shake up will have on the sustainability of various government initiatives to tackle the cost-of-living crisis and a number of reforms promised in the Queen’s speech. Whether some ministers, like ‘Levelling Up’, return under new leaderships remains to be seen. The Chancellor’s role is going to be critical in this and the consistency of policy thinking and execution.
Rising energy costs continue to loom large and Anjam Sohail, Director of Sonex Financial, featured this graph in a recent post that highlights the challenges ahead for consumers, debt advisers and creditors. This remains a core theme from FCA ‘Dear CEO’ communications to both firms and to consumers.
Cornwall Insight said that the typical domestic customer was likely to pay £3,244 a year from October 2022, then £3,363 a year from January 2023. The typical bill at present is about £2,000 a year. The £3,000 household bill figure, seen by the BBC, is £200 ...
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