Energy bills to rise this winter

Energy bills to rise this winter

Electricity gets expensive

UK energy bills will rise after wholesale electricity prices increased by 14% in August versus July, according to Imperial College London. If the increase is sustained then households can expect higher bills through the winter, with campaigners saying it could push 500,000 households into fuel poverty. This follows Ofgem’s announcement last month that it would lift the cap on default energy deals for the winter months by 12%.

Can crypto fund uni?

Students are increasingly turning to cryptocurrency investing to help fund their time at university, a study has found. Due to the pandemic, part-time jobs have been harder to find so students have looked for other ways to make money, with around 6% trying out crypto. Investors and experts have warned, however, of the volatility and risk involved, with one student reporting losing hundreds of pounds.

Wish you were beer

Wetherspoons is experiencing a beer shortage, as some of its pubs have run out of Carling and Coors. It’s one of a number of major UK businesses that have recently experienced supply issues because of both Covid and Brexit challenges. However, Wetherspoons have reassured punters that their pubs won’t run dry, and shortages are expected to be resolved in the next week.