UK Money News
7th July 2008
British Gas ready to announce 15% price rise
Soaring wholesale energy prices are set to prompt a 15 per cent price hike from British Gas, it has been claimed.
According to a report from the Times, with oil continuing to hit record highs, British Gas' parent company is "struggling to maintain profitability in its retail energy business".
As a result, pressure is mounting on chief executive Sam Laidlaw to increase tariffs and avoid making a loss for the year.
One senior industry source said: "They are really feeling these prices... so it is just a question of how long they can hold on without being forced to issue a profit warning. Nobody wants to be put in that position."
News of the hike comes after all of the UK's big six energy companies imposed double digit price increases to their tariffs earlier this year.
These brought the average dual fuel customer's bill up to £1,048.
back to July's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
