![]() ![]() Rishi Sunak's been reacting to the energy price cap falling today - he says it's "really important" to "target our support to the most vulnerable in society, and that's what we're doing". "IPSA should be mindful of that when recommending more taxpayers' money for politicians." John O'Connell, chief executive of the TaxPayers' Alliance, said: "Hard-pressed Brits are already funding generous salaries, perks and pensions for elected officials. The median loss-of-office payment for MPs who were defeated in the 2019 general election was £5,250 - equivalent to less than one month of their then £84,144 salary - with the amount paid depending on the length of service. The rule change means the winding-up payment will be paid to all MPs who leave parliament at the next election - whether they lose their seat, stand unsuccessfully in a new or different seat or stand down. Those who suffer an election defeat have previously been entitled to two months of financial assistance to help close their office and manage the departure of staff.īut the Independent Parliamentary Standards Authority, which governs MPs' pay and expenses, has ruled this should be increased to four months. The move has been described as a "kick in the teeth for taxpayers" by critics. MPs who lose their seat at the next general election will receive double the financial support after a ruling from parliament's expenses watchdog. It's worth noting these are loose predictions.Ĭhris O'Shea, chief executive of British Gas owner Centrica, said he expects prices to drop but that they will remain significantly above the long-term average. However, it is set to fall again to £1,915 in the second quarter, before rising to £1,897 in the third quarter of the year. The rise is due to a recent has price surge across Europe. ![]() This would set the average annual bill at £1,980 (although of course, this is dependent on usage). "Prices are still unpredictable and signing up to a fixed rate now might mean you miss out if prices fall in the future," the energy regulator said.Ĭornwall Insight has predicted energy prices will go up in January, with the energy price cap potentially rising by around 9% in the first quarter. Over the past year, some people have gone for fixed tariffs to have some peace of mind as energy prices have fluctuated.īut energy regulator Ofgem has warned households to think before they fix on to an energy deal now. ![]() Those who are coming to the end of their energy contracts may be wondering whether to go for a fixed or variable tariff. ![]()
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