Electric prices down substantially today…

brown and white table lamp with light

Yesterday my electric tariff was 38p per unit. Today it is down to 17p, which is quite a drop, and not far off the 14p it was last year. The reason is the new Energy Price Guarantee scheme has come into effect. The scheme will cap the price for a unit of gas and electricity until April 2023. Bills will be reduced by up to 19.9p per kilowatt hour (kWh) for electricity and 4.8p/kWh for gas. The Consumer Council have …

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Slugger TV looks at poverty in Northern Ireland

Slugger TV speaks to Dr Ciara Fitzpatrick from Ulster University and Jamie Miller from the Fuel Poverty Coalition David McCannDavid McCann holds a PhD in North-South relations from University of Ulster. You can follow him on twitter @dmcbfs

The cost of living either side of the border

The issue of the cost of living either side of the Irish border received renewed interest today, following Senator Ian Marshall’s comments on the Sunday Politics that a single person in Northern Ireland is left with about £16,000 [at the end of a year], whereas the same person in the Republic would be left with €1,900 in their pocket. The Senator’s logic was that the cost of living is higher south of the border, and to an extent this is …

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What’s that got to do with the price of fish? The growing gap between inflation and the perception of inflation

Last week’s news that the Consumer Prices Index (CPI) rate of UK inflation has dipped below zero for the first time since official records began in 1996, and for the first time since 1960 based on equivalent historical estimates, caused a range of reactions amongst commentators and politicians. The Chancellor, George Osborne, was keen to emphasise that this should be termed “negative inflation”, a brief spell of decreasing prices, rather than the more damaging “deflation”, implying a longer term period …

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