Author: News Desk

Consumers move quickly to prepare for unaffordable energy bills despite mild autumn, finds market research Sales of air fryers, slow cookers, microwaves and electric blankets are soaring as households faced with unaffordable energy bills look for ways to reduce their power use. Air fryers – a small countertop convection oven that uses less electricity than a conventional cooker – are in huge demand, with the number sold in September four times higher than in the same month last year, according to the market research firm GfK. So are electric cooking pots such as pressure cookers, rice cookers, slow cookers or…

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Increasing windfall tax would help plug £40bn fiscal hole and keep energy bills low, analysis shows A Norway-style windfall tax on energy companies could raise £33.3bn extra by 2027, plugging a hole in government finances and helping keep energy bills low, analysis has found. The new chancellor, Jeremy Hunt, is looking at extending the “sunset clause” in the energy profits levy by two years beyond 2025 as a result of the booming profits fossil fuel companies have been recording owing to the war in Ukraine. Continue reading… ​Increasing windfall tax would help plug £40bn fiscal hole and keep energy bills…

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