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....However, the entire cost is not expected to be passed on to consumers. When five of the big six did increase their tariffs in the first four months, several blamed smart meters. ... [Read full article on Guardian ]
Monday 26th of June 2017 02:20:15 PM
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Latest Finance News related to Tariff

Smart meter rollout could force household bills to rise, says supplier image
....However, the entire cost is not expected to be passed on to consumers. When five of the big six did increase their tariffs in the first four months, several blamed smart meters. ...
Exporters are wise to start preparing for a hard Brexit image
Source : Guardian [Read Article] Saturday 24th of June 2017 04:05:04 PM
....Mike Hawes, the boss of the carmakers’ lobbying organisation, said last week that without the promise from Theresa May of interim arrangements to fall back on when talks on a deal conclude in 2019, firms would look overseas for expansion, not to the UK. Hawes has long argued for a deal that keeps tariffs low and regulations in harmony to favour trade. ...
Is your smart meter spying on you? image
Source : Guardian [Read Article] Saturday 24th of June 2017 06:00:00 AM
.... A smart meter bill introduced in this week’s Queen’s speech also says there would be new “powers to make changes to smart meter regulations”. It’s not even clear if smart meters will result in more transparent or cheaper tariffs, with some warning it is turning into an £11bn white elephant. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
....“A no-deal Brexit would be devastating for jobs and the UK economy – and after the election result, the prime minister has no mandate for it. “A good Brexit deal for working people means tariff-free and barrier-free trade with Europe. ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
....Millions of people are unlikely to see their energy bills capped after Theresa May appeared to make a U-turn on one of her flagship election promises – to the delight of big energy companies. The prime minister had pledged to cap bills for 17 million families on the worst-value energy tariffs, but the plan was missing from the Queen’s speech and No 10 would not confirm a cap would go ahead. ...
Carmakers call for interim Brexit deal or risk falling off 'cliff edge' image
....The Society of Motor Manufacturers and Traders told the government on Tuesday it was time to be pragmatic and honest about what could be achieved and secure an interim agreement in Brexit negotiations. Otherwise Britain could face a “cliff-edge” in 20 months that would be the “worst foreseeable outcome for the sector” and possibly mean tariffs. ...
Energy price cap likely to go ahead despite warnings of 'timebomb' image
Source : Guardian [Read Article] Monday 19th of June 2017 03:36:14 PM
....However, there is a possibility that the government will bow to pressure from ministers by introducing a watered-down “relative” cap. A relative price cap would see the most expensive deals from a supplier pegged at no more than a certain percentage above the cheapest tariff offered by that company. ...
UK business groups plead for economy to be put first in Brexit talks image
Source : Guardian [Read Article] Sunday 18th of June 2017 04:38:33 PM
.... A deal that supports growth will allow companies to hire more people, raise living standards and improve lives across the country,” it adds. The five – which claim to represent hundreds of thousands of businesses that employ a combined workforce of millions of people – want the final Brexit deal to ensure the tariff-free trade of goods between the UK and the EU; minimal customs formalities at the land, sea and air borders between the two; and a flexible system for the movement of labour and skills “that enjoys public support”. ...
Should you join the charge and buy an electric car? image
Source : Guardian [Read Article] Saturday 17th of June 2017 06:00:30 AM
....When you consider that someone who uses their car to commute each day could easily be spending £70 on petrol a month, the green option is starting to look as good for your wallet as for the environment. The cost of an overnight charge that delivers a typical 100 miles of driving is about £3-£4 depending on your electricity tariff. ...
SSE boss gets 72% pay rise weeks after arguing against cap on bills image
Source : Guardian [Read Article] Friday 16th of June 2017 05:24:56 PM
....9% in the financial year 2016-17. Among the big six suppliers, SSE has the highest proportion of customers (91%) on standard variable tariffs, the default energy deals that the Conservatives have promised to cap. ...
Theresa May is warned: don't break election vow on energy price cap image
Source : Guardian [Read Article] Wednesday 14th of June 2017 05:33:11 PM
....”. The former minister favours a relative price cap, whereby an energy supplier’s most expensive tariff is pegged at a certain percentage above the cheapest one. ...
Bad EU trade deal 'disastrous' for UK jobs, investment and growth image
Source : Guardian [Read Article] Monday 12th of June 2017 01:07:11 PM
....Companies said they wanted to remain in the single market or customs union, and if this was unachievable they wanted an agreement that made trade as frictionless as possible. The prospect of reverting to WTO standards, which the government has suggested by saying that no deal is better than a bad deal, was of concern to many who feared a sharp increase in tariffs. ...
General Election 2017: May would revive Board of Trade image
Source : BBC [Read Article] Monday 5th of June 2017 11:01:39 PM
.... . Mrs May, who plans to take Britain out of the European Union's tariff-free single market, has said Brexit will allow Britain to seek bilateral trade deals with "old friends and new allies". ...
Hopes of EU-US trade agreement put on ice, say Brussels sources image
Source : Guardian [Read Article] Monday 5th of June 2017 10:46:08 PM
.... According to the Times, Angela Merkel, the German chancellor, had convinced Trump that talks on a US-EU agreement would be simpler than he thought. This had led to a “realisation” that a trade deal with the EU – allowing the tariff-free exchange of services and goods – would be more important to US interests than a post-Brexit deal with Theresa May, it was reported. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
.... He also wants more government contracts, having supplied 35 miles of track for the Crossrail project from British Steel’s sizeable rail business. And Junck has a stark warning for anyone prepared to let the UK fall back on World Trade Organisation tariffs rather than sign a trade deal on EU terms. ...
UK car production falls at fastest rate in more than two​-​and​-​a​-​half years image
....The drop in car production echoed the trend in new car sales, which fell 20% in April compared with a year earlier, as government cuts to subsidies for green cars and a rise in prices hit demand. The UK car industry backed the remain camp in the run-up to the EU referendum and SMMT members are fearful about possible tariffs being imposed on parts imported from the EU after Brexit. ...
'Nothing we could do' image
Source : BBC [Read Article] Tuesday 23rd of May 2017 11:00:17 PM
.... . The agreement - which came into effect between the US, Canada and Mexico in 1994 - created one of the world's largest free trade zones by reducing or eliminating tariffs on most products. ...
Big energy firms lobby Theresa May to water down price cap pledge image
Source : Guardian [Read Article] Monday 22nd of May 2017 03:23:19 PM
. Energy companies are lobbying the Conservative party to water down its policy of a price cap on bills, with proposals that would protect millions fewer UK households from tariff rises. ...
Ikea seeks to make more products in UK to fend off post-Brexit vote price rises image
....“Currency is our biggest challenge,” she said, referring to the fall in value of the pound against the euro and the dollar, which despite recent fluctuations, is down by between 10% and 12% since the EU referendum. The lower value of the pound has made it more expensive to import goods while potential tariffs once the UK exits the EU formally could also adds to costs. ...
Thank you EU for banning rip-off mobile roaming charges from 15 June image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
.... Along with most other providers, you’ll still pay to roam in Serbia and Montenegro. Check your contract as those on recent tariffs get better roaming deals outside Europe. ...
National Grid boss says Labour plan will stall green energy drive image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:00:40 PM
....Separately, investors in two of the UK’s biggest energy companies appear to have shrugged off the impact of Theresa May’s price cap on the energy bills. The share price of British Gas owner Centrica was up by 2% and SSE was up 1% on Thursday after the Tory manifesto included only a woolly promise to protect “more customers on the poorest-value tariffs”, compared with the 17m households the party had pledged before. ...
Trump pulls trigger on Nafta negotiations image
Source : BBC [Read Article] Thursday 18th of May 2017 04:43:32 PM
.... . He has also slapped tariffs on Canadian lumber and took to Twitter to talk about Canadian pricing of dairy products. ...
Anything to declare? image
Source : BBC [Read Article] Wednesday 17th of May 2017 11:01:47 PM
....". Where things get more complicated is the issue of export and import tariffs, which vary greatly from country to country. ...
Lloyds should give the backslapping a rest after sale of government stake | Nils Pratley image
....87bn last year. Yet the £389m of profit from supply, where most of the customers are on standard variable tariffs, looks dangerously exposed to government intervention. ...
SSE warns of 'consequences' of price cap image
Source : BBC [Read Article] Wednesday 17th of May 2017 08:17:10 AM
...."Big six" energy company SSE has said that there are "challenges" ahead including the threat of a price cap in the next Parliament. It has warned about the "unintended consequences" of a price cap on standard variable tariffs proposed by the Conservatives. ...
EU countries to decide on Singapore trade deal image
Source : BBC [Read Article] Tuesday 16th of May 2017 09:52:08 AM
....The Commission champions free trade, including freedom of movement. Free trade deals, supporters say, open doors for businesses and create jobs by scrapping tariffs and protectionist barriers. ...
We wouldn’t need price caps if the Tories hadn’t cut energy-saving schemes image
....Yet amid the furore, and the debate over how low a cap would be set, how long it would last and whether it would really end what Theresa May described as “rip-off energy prices”, the real solution barely warranted a mention. The problem with price caps is that they are – like switching to tariffs that eventually come to an end – a short-term sticking plaster. ...
Five-minute guide to Tory's manifesto pledge on fuel image
Source : Daily Express [Read Article] Sunday 14th of May 2017 12:01:00 AM
....com. Director Jesper With-Fogstrup says energy customers on standard variable tariffs have faced a series of price hikes in recent years. ...
US and China sign trade agreement image
Source : BBC [Read Article] Friday 12th of May 2017 07:40:22 AM
....The agreement is seen as an indication that US President Donald Trump is adopting a less confrontational approach with Beijing than he promised during last year's election campaign. Mr Trump had threatened to label China a "currency manipulator" and impose trade tariffs on its goods, but has since softened his position. ...
France's Engie aims to restore trust in energy firms with tracker tariff image
. A French power company has promised to restore trust in the energy market with a new tracker tariff linked to wholesale prices, days after big suppliers were found to be making record profit margins from their customers. ...
Sterling falls after Bank report image
Source : BBC [Read Article] Thursday 11th of May 2017 07:59:40 AM
....4% after it went ex-dividend and JP Morgan cut its rating to "underweight" from "overweight". The bank's analysts pointed to concerns around the impact of regulation given millions of British Gas customers are on standard variable tariffs, and the potential threat of a price war. ...
Thousands face energy bill hikes of more than £400 this month image
Source : Guardian [Read Article] Wednesday 10th of May 2017 09:01:16 AM
. Thousands of people face annual energy bill rises of hundreds of pounds this month when they are rolled on to default energy tariffs that came under fire from Theresa May this week. ...
Energy regulator under scrutiny as both Tories and Labour vow to act image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:23:35 AM
.... As head of the energy regulator Ofgem, the 51-year-old will control the price that millions of people pay for their electricity and gas after the general election. A Conservative victory would see Nolan tasked with setting a cap on how high default energy tariffs can go, in relation to the wholesale prices that suppliers have to pay. ...
Tory claims over energy price cap are just hot air | Nils Pratley image
Source : Guardian [Read Article] Tuesday 9th of May 2017 06:46:24 PM
.... For 20 years, they’ve run a business model that gives loyal customers the worst prices – a “tease and squeeze” tactic. The regulatory system may have encouraged them down this route, but the companies cannot be surprised that so many people think it odd that there are differences of £200 or more between the same company’s standard rate and fixed tariff for a commodity product. ...
Tory MPs plot to water down Theresa May's energy price cap pledge image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:00:53 PM
....A number of Tory MPs favouring free market policies, including some at senior ministerial level, feel the plan is far too interventionist for a Conservative government, and are aiming to water down the proposal in the next parliament. The MPs are not breaking cover with direct criticism during the election campaign, but some are openly pushing for a more “relative” cap – which would link standard tariffs to the cheapest deals by capping the differential between the highest and lowest price an energy company can charge. ...
Energy bills: Save £300 with THESE deals that could vanish under Tory price cap image
....Stephen Murray, energy expert at MoneySuperMarket, said: “This is not a Big Six issue as many believe. "A growing number of emerging and challenger suppliers have significant price differentials across their tariff portfolio and a cap would simply push many cheaper tariffs out of the market, resulting in higher prices. ...
The Conservatives' energy price cap is not a strong and stable long-term policy image
....8 million who switched electricity supplier in the past four months, you are probably paying about £900-£1,000 a year to light and heat your home. But the two-thirds – 17 million people – who are are sitting on the worst-value default deals, known as standard variable tariffs, will be paying about £200 more for the same energy. ...
Tory energy pledge: May says she still believes in free market despite vow image
....Theresa May has said she still believes in free markets despite pledging to cap energy prices, after it was pointed out her party had dismissed a similar plan put forward by Ed Miliband as “Marxist”. The Conservatives are proposing a price cap on standard variable tariffs, to be set by the energy regulator, Ofgem. ...
Energy bills: £100 cap plan defended by Theresa May image
Source : BBC [Read Article] Monday 8th of May 2017 09:51:56 PM
....Theresa May has denied that her plans for a cap on "rip-off" energy prices are a repeat of an old Labour policy derided by David Cameron as "Marxist". The prime minister said 17m households would benefit by up to £100 from the cap on poor value standard variable tariffs. ...
Theresa May to promise price cap on energy bills in Tory manifesto image
....Theresa May will promise a cap on rip-off energy bills in the Conservative manifesto, arguing that she is ready to intervene in markets if they are thought to be failing ordinary families. The prime minister will set out plans for an “absolute price cap” on standard variable tariffs to save households up to £100 a year after a government-backed study found customers had collectively been forced to pay £1. ...
Dulux owner Akzo Nobel has shown its colours by rebuffing takeover bids | Nils Pratley image
....The Tories’ aim is clearly directed towards standard variable rates, but neither possible technique for capping prices is straightforward. Under a relative price cap – meaning limiting standard variable rates to within a few percentage points of fixed-price tariffs – it is possible that bills could increase, at least for the 30% of active switchers. ...
What's our cut? Energy firm lets customers see profit margins image
Source : Guardian [Read Article] Monday 8th of May 2017 07:52:55 AM
. A challenger energy firm is hoping to win back consumer trust in the industry with the launch of a tariff that shows how much profit it is making from households. ...
British Gas loses more customers despite holding prices image
Source : BBC [Read Article] Monday 8th of May 2017 07:38:11 AM
....1m last year. British Gas said in February that it would freeze its gas and electricity prices until August, in contrast to the likes of Scottish Power, Npower and EDF Energy, which all announced higher tariffs. ...
British Gas owner warns Tory energy price cap could push up prices image
....British Gas owner Centrica has warned that the Conservative party’s plans to cap energy bills could push up average prices, as the company haemorrhaged customers at a rate that would see it lose a million by the end of the year. Although Centrica was the only one of the big six energy suppliers not to put up its tariffs this winter, Britain’s biggest energy firm still lost 261,000 customers to competitors in the first quarter of 2017. ...
Brexit and energy: does ‘taking back control’ mean losing power? image
Source : Guardian [Read Article] Saturday 6th of May 2017 02:59:06 PM
....Being outside the EU market would be worse, according to experts. Silke Goldberg, a lawyer at Herbert Smith Freehills, said: “While the UK government is supportive of interconnectors, there are some concerns among investors that the economic case for new interconnectors in the Channel may be affected if the UK is not part of the internal energy market and electricity imports are subject to trade tariffs. ...
Nissan launches British-made home battery to rival Tesla's Powerwall image
Source : Guardian [Read Article] Thursday 4th of May 2017 09:00:05 AM
....Batteries also make it easier for people to take advantage of “time of day” energy deals, which charge consumers less if they avoid periods when energy demand peaks, for example at 4-7pm on weekdays. Such tariffs are expected to proliferate as every UK home is fitted with a smart meter by the end of 2020. ...
Hard Brexit would cost us £500m a year, says oil and gas industry image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 02:09:22 PM
....1bn in a worst case WTO scenario, analysis for the industry trade body found. At best, if the UK could strike more favourable tariffs with non-EU countries, the cost of trade might fall to £500m, Oil and Gas UK said. ...
UK food sector faces enormous challenges post-Brexit, say peers image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 11:01:13 PM
....Leaving the European Union without a trade deal in place could put up to 97% of British food and drink exports at risk, according to a House of Lords report that lays bare the agricultural industry’s overwhelming reliance on local markets. As negotiations between the EU and British government appear to take a turn for worse, concerns are growing that failure to reach an exit deal could leave many industries facing steep tariff barriers in future – something government ministers hope could be offset by opportunities in other international export markets. ...
State-owned Swedish firm Vattenfall enters UK energy market image
Source : Guardian [Read Article] Monday 1st of May 2017 08:00:24 AM
....ON but also Danish state-owned Dong Energy, which sells its wind power to corporate clients, and Dutch firm Eneco, which supplies business customers such as Heineken and Unilever. France’s Engie is also attempting to muscle in on the consumer market and trying to woo households with a tariff that tracks wholesale power prices. ...
Avocado prices at record high due to reduced harvests image
Source : BBC [Read Article] Monday 1st of May 2017 07:51:12 AM
.... Subway was forced to stop serving fresh avocado on their sandwiches while Chipotle Mexican Grill said it squeezed their bottomline. There are also worries that avocados will get even more expensive if President Trump follows through with his threat to exit NAFTA or levy tariffs on Mexico. ...
Let Britain vote on the final Brexit deal | Clive Lewis and Rachael Maskell image
.... As backbench MPs, we have heard the beginning of that groundswell among our constituents – and are prepared to lead the national debate as well. Of course, we also believe a Labour deal with the EU would be very different from a Tory Brexit in terms of national security, jobs, workers’ rights, environmental protections and tariff-free trade at the very least. ...
Energy bill caps put billions in investment at risk, say suppliers image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:33 AM
....Theresa May’s plan to cap gas and electricity bills could put billions of investment in the UK at risk by creating huge uncertainty over government intentions, according to the body representing the big six energy suppliers. In one of the strongest warnings yet about the impact of the cap on standard variable tariffs pledged by the Conservatives, Energy UK protested against “ill-considered” political intervention. ...
Brexit: UK carmakers 'sitting on their hands' rather than investing image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:37:30 PM
....The flourishing industry is now seeking the earliest possible notice that there will be a transitional deal post-2019 that “keeps as much as possible” of the status quo for as long as possible. The imposition of either World Trade Organisation tariffs of 10% on passenger cars and up to 22% on commercial vehicles, or non-tariff barriers such as customs controls, would be devastating for a sector that relies heavily on the swift, free movement of parts and finished cars. ...
Trump won't scrap Nafta trade deal 'at this time' image
Source : BBC [Read Article] Thursday 27th of April 2017 05:40:25 AM
....". Mr Trump's comments on Nafta come just days after the US imposed a new tariff on softwood lumber coming from Canada. ...
Donald Trump to stick with Nafta free trade pact – for now image
Source : Guardian [Read Article] Thursday 27th of April 2017 03:51:09 AM
.... Mexican foreign minister Luis Videgaray slammed Trump’s plans for a border wall between the United States and Mexico as “a hostile act” on Tuesday and insisted yet again, contrary to Trump’s campaign promises, that Mexico would not pay for the wall. With Canada, Trump announced a new tariff on softwood lumber on Tuesday that triggered concerns of a potential trade war between the two countries. ...
CBI warns against Brexit divorce bill row putting EU-UK trade ties at risk image
Source : Guardian [Read Article] Wednesday 26th of April 2017 11:14:03 PM
.... “For both sides, leaving the negotiating table without a deal shouldn’t be ‘Plan B’ but ‘Plan Z’. Whether it’s tariffs or regulation, a no deal scenario would have chilling effects on both sides of the Channel. ...
Trump 'considering draft order to scrap Nafta' image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:10:08 PM
....The Trump administration has drafted an executive order that would withdraw the US from the North American Free Trade Agreement (Nafta), US media say. It is unclear whether President Donald Trump will follow through and strike down the deal, which eliminated tariffs between the US, Mexico and Canada. ...
Car insurance model will not help energy market, says charity image
Source : Guardian [Read Article] Wednesday 26th of April 2017 02:52:40 PM
....An energy company’s proposal to scrap default electricity and gas deals in favour of car insurance-style annual renewals could amount to a rebranding exercise and not help billpayers, a consumer group has said. Scottish Power, one of the big six energy suppliers, said the Conservative election pledge to cap standard variable tariffs may harm competition. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....Mr Trump's blueprint is not expected to include any proposals for raising new revenue. The much-discussed border tax that would put a tariff on imports - favoured by House Speaker Paul Ryan - will not be in the plan. ...
Millions could reclaim CASH on energy bills after an unexpected mild winter image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....“Any consumers who find themselves in debt should get in touch with their supplier right away to prevent the situation getting worse,” Osborne added. Some households could see an energy bill price hike of up to £414 as 16 popular fixed tariffs from seven suppliers expire on April 30. ...
Has the US started a lumber trade war with Canada? image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:29:49 PM
. The United States is slapping hefty new tariffs on the import of Canadian softwood lumber. ...
Brexit: Labour's Sir Keith Starmer wants talks over customs union image
....So first of all, what is a customs union between a group of countries? . It is an arrangement in which they impose no tariffs on imports from other countries in the union. ...
Can Donald Trump better renegotiate Nafta? Yes, by bringing back TPP image
Source : Guardian [Read Article] Tuesday 25th of April 2017 08:44:58 AM
.... After all, he has dropped many other campaign pledges, including (fortunately) his oft-repeated vow to label China a currency manipulator “on day one” of his administration. Another possibility would be for Trump to attempt to bully Mexico – the main target of his renegotiation plans – by, say, raising tariffs, in violation of Nafta and World Trade Organisation rules. ...
Government lacks faith in free market, says energy boss image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:07:41 AM
....Conservative ministers have said they need to intervene because many households are paying too much for their energy bills. The manifesto pledge would outline plans to cap bills for seven out of 10 households paying standard variable tariffs, which are often criticised as bad deals for consumers by industry watchdogs. ...
Tories pinched Labour's energy price cap – but now we need detail | Nils Pratley image
.... Really? In their initial impact, the two policies look almost identical. Fallon’s thin argument is that a cap is more flexible because it would allow tariffs to be cut when the wholesale price of energy fell. ...
Energy price cap image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:31 AM
....The CMA ordered a cap on their bills, because such households do not benefit from the competition that exists for all other consumers. Under this system, the CMA has come up with an initial maximum figure for prices in each region of the UK, usually in line with the cheapest existing ppm tariff. ...
Tory energy bill cap dents Centrica and SSE share prices image
Source : Guardian [Read Article] Monday 24th of April 2017 09:05:46 AM
.... The pair’s share prices had dipped by similar amounts after Ed Miliband promised an energy price freeze in 2013. Ministers said on Sunday that the cap on standard variable tariffs, which more than two-thirds of households pay, would save the average family around £100 a year. ...
General Election 2017: Energy bill cap 'will hit consumers' image
Source : BBC [Read Article] Monday 24th of April 2017 07:29:03 AM
....When companies do not compete as much, that tends to lead to fewer benefits for customers, he said. He added that if the Conservatives did intervene, it would be better if they abolished standard variable tariffs. ...
Energy bills: what's the difference between Tory cap and Miliband freeze? image
....The regulator, Ofgem, acknowledges that costs to suppliers are creeping back up, but said the increases did not warrant the level of hikes that the big six – British Gas excepted – have pushed through on millions of customers in recent months. May appears to have chosen what has been described as the “full fat” choice, a cap on the standard variable tariffs that around two-thirds of people are on. ...
Tories accused of stealing Labour's energy price cap promise image
Source : Guardian [Read Article] Sunday 23rd of April 2017 11:26:37 AM
....Capping utility bills was a key policy in Labour’s 2015 general election manifesto, but was rubbished by David Cameron as evidence that Ed Miliband wanted to live in a “Marxist universe”. But the work and pensions secretary, Damian Green, confirmed on Sunday that the Conservatives would allow the market regulator, Ofgem, to impose a price ceiling for customers on standard variable tariffs. ...
General election 2017: Tories to pledge energy bill cap image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:10:39 AM
....The wider energy industry has reacted with scepticism to the plan, saying a price cap could have a negative impact on competition and lead to higher prices. The manifesto pledge would outline plans to cap bills for seven out of 10 households paying standard variable tariffs, which are often criticised as bad deals for consumers by industry watchdogs. ...
IMF meeting drops anti-protectionism pledge image
Source : BBC [Read Article] Sunday 23rd of April 2017 09:58:15 AM
....It comes as the Trump administration looks to cut US trade deficits. It has threatened to impose tariffs on nations that have trade surpluses with the US, including China and Germany. ...
Braced for Brexit image
Source : BBC [Read Article] Friday 21st of April 2017 08:44:19 PM
....However, when Record Store Day 2020 rolls around, there is a risk that those singles and albums could cost significantly more. If the UK does not manage to conclude a favourable trade deal with the EU, then tariffs may be applied on goods coming into the UK. ...
Protectionism is rising the world over. Our best defense is fighting inequality | Wally Adeyemo image
....While protectionism makes for good political soundbites, history is littered with examples of the failure of these policies. Yet it is true that changes to the international trading system are needed, especially non-tariff barriers to trade that harm fair competition. ...
Trump launches investigation into steel dumping image
Source : BBC [Read Article] Friday 21st of April 2017 07:41:27 AM
. Donald Trump has launched an investigation into countries that export steel to the US, raising the prospect of new tariffs on imports. ...
Trump signs order to assess whether steel imports threaten national security image
....While the investigation will appeal to his voters, it is all but certain to worsen trade relations with Beijing and comes just days after Trump backed down from his accusations that China was a “currency manipulator”. In January China criticised “extreme” tariffs on its exports and said it had already been hit with a record number of retaliatory trade measures from rival economies and trading blocs in 2016. ...
ENERGY PRICE WARNING: Fury as firms hit customers with sneaky £400 HIKES  image
Source : Daily Express [Read Article] Thursday 20th of April 2017 11:36:00 AM
....8 per cent dual fuel price rise being publicised. "Customers coming off cheap fixed-price tariffs can be in for a huge double whammy. ...
UK gas and electricity customers face price rise double whammy image
Source : Guardian [Read Article] Thursday 20th of April 2017 05:59:19 AM
....Thousands of households are being hit with 40%-plus increases to their gas and electricity bills – far above the price hikes announced by the big energy firms in recent months. A combination of sneaky changes to billing structures, regional variations and the fact that many popular fixed-price tariffs have come to an end have left furious Guardian Money readers complaining that their bills are set to rise by £300 to £400 a year, contrary to official price rise figures from the major providers. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... Clark wants to take “muscular and strong” action to stop the “flagrant mistreatment” of loyal customers who are being “milked”. Probable translation: he wants a price cap on standard variable tariffs. ...

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