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As Gordon Brown urges the rest of the world to follow his lead and pump billions of pounds of tax payer’s money into the banking system you could be mistaken for thinking that he has gone from zero...
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Saturday 24th May 2008
As if the consumer has not been hit hard enough in the pocket of late it seems as though gas prices are set to increase by a massive 46% this year. If this move actually goes through we will see the average British Gas bill reach £1,327 a year, marking what would be the largest ever increase in annual gas bills.
While the rise is not all down to British Gas, there are many in the market that believe they have taken advantage of the recent gas price rise to increase their income from customers. The price of gas has risen from 48p last winter to 85p this year – a 77% rise – and many believe that the price has not yet peaked. The rise in the price of gas is just one area of the energy supply market which has experienced a sharp rise of late as household bills continue to soar.
It will be interesting to see how the government react to the latest forecast price rises as many voters gave rising bills as a reason for voting for the Conservative Party in the recent by-election. If prices continue to rise into next year then the government’s hands will be severely tied when we approach the next general election in 2010. |
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