Trump tells UK ‘you’ll have to start learning to fight for yourself’ amid soaring oil prices – UK politics live | Politics

Minister confirms support package may be offered as experts predict energy price cap to rise by £288 in July

From tomorrow the Ofgem price cap goes down from £1,758 to £1,641. The government is highlighting this as one of its cost of living support measures, because the cap is coming down as a result of decisions taken in the budget.

Here is a chart from Ofgem explaining how they calculated the new figure, which will apply for three months (from 1 April to 30 June).

Ofgem price cap figures Photograph: Ofgem

It is important to stress what the price cap actually is. It is not a cap on the amount people will pay for their energy. Many people (around 50%, to be more precise) will pay more, because the cap applies to what can be charged for units of energy, not the overall bill. The Ofgem headline figure is the amount an average household would pay assuming typical household useage.

And it only lasts for three months. There will be a new figure for July to September and this morning Cornwall Insight, an energy consultancy whose price cap forecasts are widely respected in the industry, is predicting that for Q3 the cap will rise to £1,929. That is an increase of £288, or 18%, on April’s cap.

Craig Lowrey, principal consultant at Cornwall Insight, said:

double quotation markA rise in July is pretty much unavoidable, but how high prices go remains to be seen.

There is some relief in the timing, summer is when energy demand is at its lowest, which should soften the impact on household energy expenditure.

If higher wholesale prices continue, it will be the effects on the October cap that have the most impact, and that is when the question of government support for households is likely to be revisited.

In response, Martin McCluskey, an energy minister, confirmed that the government was willing to intervene to help some consumers with energy costs if necessary. He said.

double quotation markTackling the affordability crisis is our number one priority and I know many families will be thinking about how events in the Middle East might impact the cost of living at home.

We will continue to fight people’s corner through this crisis and, as the energy secretary has said, if it’s necessary to intervene, we will.

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Buckingham Palace confirms king’s state visit to US going ahead next month, with Charles addressing Congress

The king’s state visit to the US is to go ahead next month as planned, Buckingham Palace has finally confirmed. The Press Association says:

double quotation markCharles and the queen’s long-expected historic trip to see Donald Trump will take place in late April despite calls for it to be postponed because of the ongoing conflict in the Middle East.

It will be the king’s first visit to the US as monarch and the first state visit by a British sovereign to America for nearly 20 years, since Queen Elizabeth II’s tour in 2007.

Charles and Camilla will commemorate the 250th anniversary of American independence, attend a glittering state dinner at the White House, and the king will address Congress, the Palace confirmed.

But exact dates and details have yet to be disclosed.

Buckingham Palace said:

double quotation markOn advice of His Majesty’s government, and at the invitation of the President of the United States, the king and queen will undertake a State Visit to the United States of America.

Their Majesties’ programme will celebrate the historic connections and the modern bilateral relationship between the United Kingdom and the United States, marking the 250th anniversary of American Independence.

The king will then continue to Bermuda to undertake His Majesty’s first Royal Visit as Monarch to a British Overseas Territory.

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