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Feb 3 11 tweets 3 min read
🔎 Q&A: What is the energy price cap and why are bills going up? thetimes.co.uk/article/what-i…
Households are set to pay about £600 more on average for their energy bills from April as changes to the price cap announced today will increase the amount energy suppliers can charge
The energy regulator, Ofgem, is expected to increase the price cap — which limits the amount suppliers can charge you for a unit of energy — by about 50%, meaning the average household could be charged around £2,000 a year, up from £1,277
🔷How does the energy price cap work?

The cap is a limit on how much you can be charged for the energy you use, rather than a strict maximum you can be charged overall, so customers with higher energy bills and larger homes will pay more
🔷How is the energy price cap calculated?

The price cap, which covers a six-month period based on the price of wholesale gas for the previous six months, rose by 12% to an average of £1,277 in October last year. It is expected to rise by 50% today, and then again in October
Energy bills have increased due to the rising cost of natural gas, which hit a record high of 450p per therm in December. This caused several smaller suppliers to go bust, because they were unable to pass on the true cost of the gas onto customers due to the price cap
April’s price cap rise will coincide with a 1.25 percentage point rise in national insurance due to the government’s new social care levy. Prices for food and other goods are also increasing
🔷What help will there be?

The government is poised to announce £6 billion in state-backed loans to energy firms. This will be passed onto customers in the form of a rebate on energy bills. It is expected to work out at about £200 per household
thetimes.co.uk/article/energy…
🔷Will there be any further help?

Further rebates to soften the impact of rising prices on poorer households will be directed through council tax
thetimes.co.uk/article/millio…
The government has dismissed the idea of scrapping VAT from energy bills, saying it was too blunt of a measure and would predominantly help richer households
Read the full Q&A for more information: thetimes.co.uk/article/what-i…

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More from @thetimes

Feb 4
🔎 Investigation: British universities have accepted £240m from Chinese institutions – many with links to the military – amid fears the research could help Beijing build super weapons
thetimes.co.uk/article/britis…
The £240m includes:
📱£40m from Huawei, the telecommunications giant
✈️ £20m from other companies sanctioned by the US government for supplying the Chinese military with fighter jets, communications technology and missiles Image
The number of research collaborations between scientists in the UK and Chinese institutes with deep connections to the country’s defence forces has tripled to more than 1,000 in six years, a figure that lays bare the scale of cooperation with the hostile state
Read 11 tweets
Feb 4
In the Nineties, there was one photographer, @davidbenett, who was always in the right place, at the right time, writes @chedwardes
thetimes.co.uk/article/up-clo…
When Benett arrives to meet Edwardes, there are explosions of his name from all corners. “Dave! Dave!” a man waves vigorously, another pumps his hand, a woman blows a kiss. 💋

This is striking
For the early part of his 30-year career, it was Dave Benett calling the names, restrained by metal barriers, perhaps, or a bouncer’s arm.

🗣️ “Diana!” “Kate!” “Naomi!” “Liz!” The prize was a split-second glance, enough to “bang off a couple of frames”
Read 12 tweets
Feb 4
📺 Staying in tonight? Here's what to watch 👇
thetimes.co.uk/article/whats-…
1⃣ #Reacher on Amazon Prime Video
Arrested for a homicide he didn’t commit, Reacher sets out to find who really did the crime. Whoever’s behind it picked the wrong guy to take the fall because Reacher is almost super-human
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2⃣ Suspicion on AppleTV+
One of the most acclaimed Isareli series of the past few years was False Flag; now here’s the American remake. Uma Thurman stars as a New York businesswoman whose son is kidnapped from an upmarket hotel
Read 7 tweets
Feb 4
In 2016, I had a minor experience at a dinner party that became a major life-changing event, writes @ALutkin.

I was 32 years old and I was single. My friends, in a friendly way, asked me that night, “So, what’s going on with your love life?”
thetimes.co.uk/article/single…
Nothing had been going on for quite some time. And I was pretty sure nothing ever would get going again. I voiced my deep suspicion that I might end up being alone for ever 🧍‍♀️
But their reaction quickly grew beyond annoyance. At that dinner party in New York, my friends argued with me. They insisted that I would eventually meet someone because everybody does.

They were trying to be encouraging Image
Read 12 tweets
Feb 4
🔺 JUST IN: A fifth adviser was reported to have quit Boris Johnson’s No 10 team this morning as a senior Conservative MP said the prime minister needs to shape up after the upheaval in Downing Street thetimes.co.uk/article/downin…
The prime minister has been left reeling by the departures of Munira Mirza, his head of policy, Dan Rosenfield, his chief of staff, Martin Reynolds, his principal private secretary, and Jack Doyle, his director of communications thetimes.co.uk/article/partys…
Elena Narozanski became the latest senior aide to leave No 10 this morning, according to ConservativeHome. Narozanski worked in the Downing Street policy unit alongside Mirza, one of Johnson’s closest allies
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Feb 4
The head of the Bank of England has asked workers to avoid asking for big pay rises to control inflation, which officials expect to hit 7.25% in April thetimes.co.uk/article/cost-o…
The central bank raised interest rates to 0.5% yesterday in its first back-to-back rate rise since 2004 in an attempt to get a grip on soaring prices thetimes.co.uk/article/bank-o…
Officials said inflation, which is already at 5.4%, would peak higher than the 5% it predicted in November, when a simultaneous rise in energy prices, minimum wages and national insurance contributions comes into effect on April 1 thetimes.co.uk/article/briton…
Read 8 tweets

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