It has been confirmed this afternoon that the UK's energy price cap is set to rise again in October by nearly £1,000.
Speaking to the Business, Energy and Industrial Strategy Committee this afternoon, Ofgem's chief executive, Jonathan Brearley, said that the regulator anticipates the new price cap this October will be "in the region of £2,800".
He added that costs are currently rising at a "once in a generation" rate "not seen since the 1970s", and that this issue is something that only the government could address.
The regulator revealed the hike in prices this afternoon, as its chief executive suggested that "it's quite possible this [price cap] could go higher", telling the Committee: "The volatility in the gas market is huge."
Currently, the energy price cap sits at £1,971 - having increased by over 50% in April, reports The Manc.
That means that, within the space of six months, the regulator's energy price cap in the UK will have risen by £1,512.
Currently, here in the UK, there are nearly 6.5 million people living in poverty. However, Ofgem is now warning the government that this could well double in October when the price cap goes up again.
With UK inflation at the highest it has been in 40 years, many struggling households are also seeing price rises at fuel pumps and in the supermarket.
National Insurance tax has just been increased by the Chancellor in his spring budget, too, meaning that people are taking home less money as prices soar.
Soaring energy bills are considered to be the biggest inflation driver in the UK right now, and there is increasing pressure on the government to do more to help families and children who are slipping into poverty as a result of the cost of living emergency.
Whilst the government has said it is willing to support people, it is yet to deliver any solutions - such as introducing a Windfall Tax on energy companies or restoring the £20 a week Universal Credit uplift to help the country's worst off.
Labour has called the price cap news 'extremely concerning', adding that it "will cause huge worry for families already facing soaring bills and rising inflation".
Shadow Chancellor Rachel Reeves said: “How many more alarm bells does the chancellor need to hear before he acts? The government have got to get a grip on this crisis and to protect families and our economy.
“Yet again, Labour calls urgently on the government to bring forward an emergency budget, with a windfall tax on oil and gas producer profits to lower bills for families.”
Boris Johnson's spokesperson maintained that the government is already offering help which will be 'phased throughout the year'.
They said: "Some of the support is designed to come in in October, £200 will be discounted from energy bills, the warm home discount will increase to £150 and be expanded to cover three million people, cold weather payments and winter fuel payments will be available again," the spokesman said."
Feature image - RawPixel
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Ilkley crowned the best place to live in the north by The Sunday Times
The beautiful spa town of Ilkley has been crowned the best place to live in the north of England by The Sunday Times.
The results are in, and our very own Ilkley has taken the top spot for the north and north-east category.
The list posted but the Sunday Times every year, features 72 locations across the UK that they deem are the best spots to settle down in.
Judges visited each location to take in the atmosphere, explore the history and chat to the locals to find out what made each place so special.
Images: The Hoot Leeds
It's not the first time the wonderful spa town of Ilkley has been praised, having been the national winner back in 2022 it's no stranger to taking home the trophy.
The judging panel said about Ilkley: “It’s not just the fresh air, fantastic scenery, excellent schools and direct trains to Leeds that make Ilkley this year’s pick of the north and northeast. It’s the get-up and go of a community that tackles every challenge with gusto.”
"It's hard to imagine anywhere with more opportunities for youngsters."
Images: The Hoot Leeds
Also getting a mention in the regional category was Horsforth, which was recommended for its transport links, brilliant local schools and thriving social scene.
The guide said: "The city is Yorkshire's economic powerhouse - but for something a bit greener, a bit more family friendly, it's hard to better Horsforth's streets of sandstone houses."
Elsewhere up north, Sheffield got a special shoutout where the judges said: "Burgeoning creative industries and judicious regeneration are igniting interest in previously overlooked postcodes ... Hipsters and happy families alike are celebrating, welcoming, embracing, loving this city-wide vibe."
So if you fancy escaping the hustle and bustle of the city centre, then why not hop on a train and visit the best place to live up north and see for yourselves what the fuss is all about.
The Queen’s Hotel in Leeds named one of the best places to stay in the UK
Danny Jones
One Leeds' pride and joys is getting some well-deserved recognition as The Queen's Hotel has been named of the best places to stay in the UK.
Located right in the heart of the city centre, The Queen's Hotel is about as beautiful a building as they come in Leeds, with its pristine white walls and art deco design making it one of the most stunning structures we have to our name.
It's as synonymous with the cityscape as the Town Hall, Corn Exchange, Kirkstall and Kirkgate, as well as the train station for which the flagship hotel was built.
We couldn't be prouder to call it our own the only thing we'll argue on is that it should be further up the rankings.
The Sunday Times’ '100 Best Places to Stay in the UK' is compiled by a team of experienced reviewers, who narrow down hundreds of stays into the definitive guide of the best accommodation around the UK.
Hotels are judged on several factors, including design, facilities, and value for money, plus dining and service.
Speaking on the Leeds icon, specifically, the Times wrote: "Big, bold and stately, the Queens holds court over the centre of Leeds like the grande dame she was intended to be when built in 1937.
"Back then, with her art deco lines, pearly-grey stone façade, polished wood and mirrored interiors, she was the place to stay. Fast-forward several decades and an expensive buff and shine has brought her zipping into the 21st century without losing an iota of old-world glamour.
"With sleek, airy bedrooms, a sophisticated cocktail bar and sultry circular restaurant, she’s an ideal base for hitting the city’s cultural hotspots, boutique shops and great places to eat."
You can read their full review of the Grade II-listed legend HERE.
There were a fair few other successes for Yorkshire and the North as a whole this year beyond just The Queen's Hotel's achievement on its own.
The Angel at Hetton and Saltmoore in North Yorkshire picked up 'North and northeast England hotel of the year' as well as 'Best beach hotel', respectively; plus, Jöro at Oughtibridge Mill in Sheffield received plaudits among many other Northern nods.
With the Times also naming Leeds in general as one of the coolest places to live, so much for that whole 'grim up North' nonsense, eh?