The Latest Breaking News from Ofgem

A state-backed ‘deficit tariff scheme’ supported by banks would freeze energy bills at their current rate

To help you work out how the cost of living crisis is affecting you, The Mirror has created a new calculator to break it all down - from your energy bills to your mortgage

Dodgy texts, calls and emails on the rise as UK economic outlook becomes ever bleaker

It comes as Martin Lewis urges customers to regularly check if short-lived fixed tariffs could work out cheaper

Whatever you think of the various proposals to deal with the energy crisis, one fact stands out beyond all others. As a nation, we are worse off. Natural gas prices are eight times higher than they were at the beginning of 2021. Much of the increase occurred before Vladimir Putin…

The price cap is the same for every household, regardless of income

The level is higher than forecast with experts thinking it would stay below 10%

Inflation is expected to peak later this year at 13.3% and will push the UK into a recession, according to the Bank of England

Consumer Prices Index inflation will likely reach 9.8%, according to an average of analysts’ estimates.