Tuesday, Apr 22, 2008
Cost of Living Starts to Hit
M&G investments: Households behind on energy payments
Almost seven million households are in debt to their energy suppliers, new research suggests.
Just over a quarter of customers (26%), or 6.8 million, owe an average of £114 to their supplier, a survey for price comparison service uSwitch.com found.
Figures from regulator Ofgem show two million customers are in debt repayment programmes to energy companies, while Citizens Advice has reported that energy debt cases have risen by a third.
Just a bit of news to round off the day.
Posted by plato @ 07:46 PM (516 views) Add Comment
9 Comments
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1. whiteknight said...
All hell is breaking loose now.
today I have read reports of random stuff about local housing authorities purchasing houses (with what) , gilts being exchanged on tough terms for credit card receivables, fund managers very bearish on sterling, bankers raising rates, bankers lowering rates
God knows what is going on ...
2. plato said...
CHAOS in it's early stages.
3. mark wadsworth said...
That's easily fixed. £50 bail out for energy companies!
4. mark wadsworth said...
"£50 billion", obviously.
5. bystander said...
"fund managers very bearish on sterling" @ whiteknight
..have you got the link for this article?????
6. rumble said...
http://www.housepricecrash.co.uk/newsblog/2008/04/blog-uk-economy-and-sterling-to-come-under-more-pressure-12544.php
7. bystander said...
Thanks rumble, although reading it is gonna give me nightmares.
8. jack c said...
@bystander - I posted an article earlier today which is from this weeks fundstrategy see www.fundstrategy.co.uk/cgi-bin/item.cgi?id=163424&d=11&h=312&f=311 (there's some excellent additional content in there if u have time to read it)
Flurry of postings today so it's difficult to keep up !
9. bystander said...
Thanks jack c.