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BBCNEWS World July 6, 2024 - Vimarsana News

BBCNEWS World July 6, 2024

we start here in the uk — with a very rare piece of good news about the cost of living — because for people in england, scotland and wales, average energy bills are set to fall by hundreds of pounds this summer. the uk energy regulator ofgem is about to release its latest price cap — the maximum amount suppliers can charge the average household. because the cost of energy has fallen sharply on global markets, that cap is expected to come down from july, saving the typical household annually around £450. hannah miller has been talking to energy users in the east of england who ...

BBCNEWS World Business Report June 4, 2024 04:34:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:34:00

Made a mark on the lives of many people who live here — with many hoping the next few months will be brighter. dr craig lowrey is principal consultant at the energy consultants cornwall insight — he's in norwich in the east of england. he's in norwich in very he's in norwich in warm welcome the programme. very warm welcome the programme. it sounds like good news, households will be better off from july. let's unpack this. it is complicated in terms of the government help that will come to an end, etc. yeah. our current forecast for the price cap injuly will be approximately £2050 per year...

BBCNEWS World Business Report June 4, 2024 04:51:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:51:00

Not coming down, a situation of stagflation, where we are seeing low growth if any at all. . ., ., ., all. the figure came down from 19.2% in march _ all. the figure came down from 19.296 in march 19.196 _ all. the figure came down from 19.296 in march 19.196 in - all. the figure came down from 19.296 in march 19.196 in april i 19.2% in march 19.1% in april for groceries. still eye watering lehi number of products still rising in price over the month. now we are being told that ultimately the lower wholesale prices will come through but they are taking much longer than expected and that is par...

BBCNEWS World Business Report June 4, 2024 04:49:00 - Vimarsana News

BBCNEWS World Business Report June 4, 2024 04:49:00

Still trailing inflation, but because of higher wages companies are then pushing those costs through into the price of the goods that they sell and the brand power of companies is still very strong, so we are still willing to part with our money and those consumer goods giants have been able to pass on the big chunks of those costs onto consumers, so all of this is having an effect and it is concerning certainly notjust consumers but companies. the prospect that actually we could see not just one interest rate rise again injune, but perhaps more towards the end of the summer. markets are now p...