Qualified advisers answering your
Financial Questions
call 0800 092 1245

No Signs Of Collusion In The Energy Markets

Despite howls of protest from an array of consumer protection groups the government has stated that there are no signs of any collusion between the big six energy suppliers in the UK. While a more detailed report will be landing on desks in parliament over the next few weeks there are concerns that there is very little that the authorities can do.

The 20% price increase by EDF seems to be the 'straw which broke the camels back' and with others in the sector certain to follow suit the next few months will see the price of living rise substantially. While the authorities will claim they are listening and try to breakdown the figures in a more favourable light, the situation is dire for many in the UK. Already struggling to pay the current level of bills we will see literally millions more people on the breadline and struggling to make ends meet.

As the government is determined to cutback on benefit payments across the board it would seem there will be little help forthcoming from this area. However, if they tax the energy companies more to help those that are struggling, the energy companies will only pass the charges on, if they do nothing then the government will stand accused of neglecting those most in need. A no win situation in many ways.....

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details