Home Business news UK living standards fall despite fastest growth in G7 – business live

UK living standards fall despite fastest growth in G7 – business live

57

GDP quarterly national accounts show people grew worse off in January to March 2026, despite solid growth

UK households will come under more financial pressure tomorrow, when Britain’s energy price cap rises.

The limit on how much providers can charge for electricity and gas will go up by 13% on 1 July, to the equivalent of £1,862 a year for a typical bill.

’Tomorrow’s price cap rise should be a red energy warning. Energy inefficient homes take lives in winter and will increasingly threaten the most vulnerable in summer; London Ambulance Service had its busiest day on record on Friday.

‘Fuel poverty means many cannot experience a comfortable and safe temperature at home, because the building fabric makes it impossible or the cost of doing so makes it prohibitive. This is a public health emergency for the most vulnerable and needs to be addressed as such.

Continue reading…GDP quarterly national accounts show people grew worse off in January to March 2026, despite solid growthUK households will come under more financial pressure tomorrow, when Britain’s energy price cap rises.The limit on how much providers can charge for electricity and gas will go up by 13% on 1 July, to the equivalent of £1,862 a year for a typical bill.’Tomorrow’s price cap rise should be a red energy warning. Energy inefficient homes take lives in winter and will increasingly threaten the most vulnerable in summer; London Ambulance Service had its busiest day on record on Friday.‘Fuel poverty means many cannot experience a comfortable and safe temperature at home, because the building fabric makes it impossible or the cost of doing so makes it prohibitive. This is a public health emergency for the most vulnerable and needs to be addressed as such. Continue reading…