Tag: prices

Energy prices: Firmus Energy to cut some gas prices by 12%

Image copyright Getty Images Image caption Domestic customers will see a £63 reduction in their annual bill Gas supplier Firmus Energy has announced a 12.48% reduction in tariffs for its customers outside Belfast from October. It is the second price cut this year for 50,000 consumers in the “Ten Towns” area. The Utility Regulator has welcomed the reduction. Firmus Energy… Read more →

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House prices bounced back in July, says Nationwide

Image copyright EPA House prices bounced back in July, climbing 1.7% during the month compared to a 1.5% fall in June, according to the Nationwide. “The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions,” it said. Activity has been boosted by pent-up demand and the stamp duty holiday. But… Read more →

Clothing and games push up UK shop prices

Image copyright Dan Mullan The UK’s inflation rate rose to 0.6% in June as the coronavirus lockdown began to ease. The Consumer Prices Index (CPI) picked up slightly from May’s four-year low of 0.5%, the Office for National Statistics (ONS) said. Food and alcohol prices fell, but prices for clothing and games rose, the ONS said. Despite the slight increase… Read more →

Will Rishi Sunak cut shop prices to boost the High Street?

Image copyright Reuters “Timely, temporary and targeted” was the advice given to the Treasury Select Committee on stimulating the economy by the former US Treasury Secretary Larry Summers in the depths of the 2008 financial crisis. These words found their way into the pre-Budget documents to describe the immediate 13-month VAT cut from 17.5% to 15% announced by then Chancellor… Read more →

House prices see largest monthly fall for 11 years, says Nationwide

Image copyright Getty Images House prices fell 1.7% in May from the previous month, the largest monthly fall for 11 years, according to the Nationwide. Annual house price growth halved from 3.7% to 1.8%, as the coronavirus crisis hit market activity. The latest HMRC data showed that residential property transactions fell 53% in April compared with 2019. “The medium-term outlook… Read more →

Mirrors and shears prices set to fall in Brexit tariff plan

Image copyright Getty Images Baking powder, garden shears and mirrors are among the items set to get cheaper from 1 January under new tariff plans announced by the government. The Department for International Trade said the new UK Global Tariff is a simpler, more liberal scheme which “backs consumers and business”. Following its departure from the European Union, the UK… Read more →