Day: July 13, 2016

    Fixed energy deals have increased by up to £105 in the last month, according to research by uSwitch.com. Fifteen suppliers have replaced their cheapest fixed tariffs with more expensive plans in the past month, putting up bills by an average of £38 a year. The biggest hike has come from small energy supplier Extra Energy, which has put up the cost of it’s ‘fresh fixed price tariff’ by £105. Sainsbury’s Energy - which is supplied by British Gas - has increased its fixed tariff by £94. While OVO Energy and First Utility have pushed up costs by £63 an £48, respectively. Twelve of the firms have increased prices since the EU referendum result was announced on June 23. Why prices are rising "Concerns regarding future UK energy supplies, along with market uncertainty following t...

    Theresa May with her husband Philip John May outside the Houses of Parliament before she makes a statement after Andrea Leadsom pulled out of the contest. The relatively unknown investment fund where Theresa May’s husband Philip works as a senior executive is one of the world’s largest and most powerful financial institutions, controlling $1.4 trillion (£10.5 trillion) in assets. Its portfolio also includes $20bn of shares in Amazon and Starbucks, both of which were cited by the Prime Minister-designate in her pledge to crack down on tax avoidance yesterday. Latest filings to US authorities show that Los Angeles based Capital Group owns huge stakes in a variety of companies, including investment bank JP Morgan Chase, defence giant Lockheed Martin, tobacco company Philip Mo...

    Labour MPs hoping to remove Jeremy Corbyn from office have been dealt a major blow after the party’s ruling body decided he did not need the support of colleagues to stand for the leadership again. The Labour leader’s claim that he should automatically be on the ballot was passed by a margin of just four votes – including his own – in a fraught meeting of the National Executive Committee. The decision means that Mr Corbyn will battle Angela Eagle for the leadership in a brutal summer contest that MPs fear could split the party, pitting trade unions and Left-wingers against moderates. However, there was also a boost for Labour rebels after rules that allowed anyone to vote in the leadership contest last summer by paying just £3 were ditched. Instead the price has been increa...

    David Cameron will resign as Prime Minister on Wednesday saying that he leaves Britain a "stronger country" with a "thriving economy and more chances to get on in life". Speaking to The Telegraph, Mr Cameron says "it has been a privilege to serve the country I love" as he attempts to shift the focus of his legacy away from Brexit. He will address the Commons for the final time as Prime Minister where he will highlight his record as a reforming Conservative who introduced same-sex marriage and commitment to spending on foreign aid. He will then make a speech in Downing Street standing alongside his wife, Samantha, and their three children before leaving No 10 for the final time before heading to Buckingham Palace to formally resign. On Tuesday he chaired his final Cabinet m...