Energy bills across UK are set to become cheaper from April, as Ofgem has confirmed the price cap will fall by 7 percent, driven by the government's action to remove an average of 150 pounds of costs off bills.
This intervention at the Budget - including scrapping the Energy Company Obligation scheme - was only possible due to the choices made to ask the wealthy to pay their fair share, in order to tackle the cost of living for ordinary families.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.