Millions of households are set to see their energy bills rise due to the Middle East conflict after the new energy price cap kicked in on Wednesday.

The regulator Ofgem’s price cap sets the maximum amount firms can charge homes on standard tariffs per unit of gas and electricity.

Based on the new cap on gas and electricity rates, the average bill will increase by £221 to £1,862 a year in July, up from £1,641 in April.

Shorts

Scroll to previous short

Scroll to next short

Undated handout photo issued by Vertical Aerospace of Valo, its new commercial eVTOL aircraft that will enter into service following regulatory approval. Issue date: Wednesday December 10, 2025. PA Photo. Photo credit should read: Vertical Aerospace/PA Wire NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.Caption: Undated handout photo issued by Vertical Aerospace of Valo, its new commercial eVTOL aircraft that will enter into service following regulatory approval. Issue date: Wednesday December 10, 2025. PA Photo. Photo credit should read: Vertical Aerospace/PA Wire

NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
Photographer: Vertical Aerospace
Provider: Vertical Aerospace/PA Wire
Source: PA

SCIENCE

Are flying taxis the future of urban air travel?

Electric flying taxis could be above the streets of London by 2028, a manufacturer has claimed. Here’s what you need to know.

What you need to know

Vertical Aerospace have developed an electric aircraft called ‘Valo’

It takes off vertically, then the propellers tilt

It is powered by battery packs and can carry up to four people

It can travel up to 150mph, covering the trip from Canary Wharf to Heathrow in 12 minutes



5 min read

What happens next?

Vertical Aerospace is still testing the aircraft and it will need to be approved by both the approval from the UK Civil Aviation Authority (CAA) and the European Aviation Safety Authority (EASA). But the company says the aim is for air taxis to become as cheap and convenient as ordering an Uber to the airport.

Undated computer generated image (CGI) issued by by Vertical Aerospace of Valo, its new commercial eVTOL aircraft that will enter into service following regulatory approval. Issue date: Wednesday December 10, 2025. PA Photo. Photo credit should read: Vertical Aerospace/PA Wire NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.Caption: Undated computer generated image (CGI) issued by by Vertical Aerospace of Valo, its new commercial eVTOL aircraft that will enter into service following regulatory approval. Issue date: Wednesday December 10, 2025. PA Photo. Photo credit should read: Vertical Aerospace/PA Wire

NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
Photographer: Vertical Aerospace
Provider: Vertical Aerospace/PA Wire
Source: PA



5 min read

Sycamore Gap sapling stolen from National Trust castle

The famous tree was illegally felled in 2023 – now one of the 49 saplings grown from its seeds has gone missing.

(FILES) A picture taken on June 4, 2023 shows the Sycamore Gap tree along Hadrian's Wall near Hexham, northern England. The two men guilty of felling of one of the UK's most iconic trees, sparking national outrage, were jailed on July 15 with a sentence of four years and three months. A jury at Newcastle Crown Court in May found the two guilty of criminal damage for the 2023 felling of the tree at Sycamore Gap. (Photo by Oli SCARFF / AFP) (Photo by OLI SCARFF/AFP via Getty Images)Caption: (FILES) A picture taken on June 4, 2023 shows the Sycamore Gap tree along Hadrian’s Wall near Hexham, northern England. The two men guilty of felling of one of the UK’s most iconic trees, sparking national outrage, were jailed on July 15 with a sentence of four years and three months. A jury at Newcastle Crown Court in May found the two guilty of criminal damage for the 2023 felling of the tree at Sycamore Gap. (Photo by Oli SCARFF / AFP) (Photo by OLI SCARFF/AFP via Getty Images)
Photographer: OLI SCARFF
Provider: AFP via Getty Images
Source: AFP
Copyright: AFP/GETTY IMAGES

What you need to know

The sapling was stolen from Wray Castle in Cumbria between 9 June and 16 June.

Cumbria police are investigating and have asked for information.

Experts believe the sapling may be viewed as valuable by collectors.

Jez Westgarth from the National Trust said: “We don’t understand it but we would really like the sapling back.”



5 min read

Sycamore Gap tree targeted again

The original Sycamore Gap tree had stood for at least 100 years before it was cut down in the night by two men using a chainsaw. Daniel Graham, 39, and Adam Carruthers, 33, were jailed for four years and three months last year. They have never said why they felled it.

Undated handout photos issued by Northumbria Police of Daniel Daniel Graham, 39, (left) and Adam Carruthers, 32, who are due to be sentenced on Tuesday after they were found guilty at Newcastle Crown Court of criminal damage after the felling of the Sycamore Gap tree - valued at ?622,000 and ?1,114 damage to Hadrian's Wall. Issue date: Tuesday July 15, 2025. PA Photo. Photo credit should read: Northumbria Police/PA Wire NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.Caption: Undated handout photos issued by Northumbria Police of Daniel Daniel Graham, 39, (left) and Adam Carruthers, 32, who are due to be sentenced on Tuesday after they were found guilty at Newcastle Crown Court of criminal damage after the felling of the Sycamore Gap tree – valued at ?622,000 and ?1,114 damage to Hadrian’s Wall. Issue date: Tuesday July 15, 2025. PA Photo. Photo credit should read: Northumbria Police/PA Wire

NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
Photographer: Northumbria Police
Provider: Northumbria Police/PA Wire
Source: PA
Copyright: PA



3 min read

File photo dated 07/03/16 of the Northern Lights, or Aurora Borealis, shining over the Sycamore Gap at Hadrian's Wall in Northumberland. A section of the Sycamore Gap tree which was illegally felled is to go on public display, with visitors encouraged to touch or even hug its trunk. Artist Charlie Whinney has been commissioned to create an artwork in tribute to the much-loved tree which stood beside Hadrian's Wall and was a symbol of Northumberland, a place for family memories and a beautiful link to the natural world. Issue date: Thursday July 10, 2025. PA Photo. A 6ft section of the trunk was preserved after it was chopped down in the middle of the night in September 2023, and almost two years later it has been made into a striking installation. Photo credit should read: Owen Humphreys/PA WireCaption: File photo dated 07/03/16 of the Northern Lights, or Aurora Borealis, shining over the Sycamore Gap at Hadrian’s Wall in Northumberland. A section of the Sycamore Gap tree which was illegally felled is to go on public display, with visitors encouraged to touch or even hug its trunk. Artist Charlie Whinney has been commissioned to create an artwork in tribute to the much-loved tree which stood beside Hadrian’s Wall and was a symbol of Northumberland, a place for family memories and a beautiful link to the natural world. Issue date: Thursday July 10, 2025. PA Photo. A 6ft section of the trunk was preserved after it was chopped down in the middle of the night in September 2023, and almost two years later it has been made into a striking installation. Photo credit should read: Owen Humphreys/PA Wire
Photographer: Owen Humphreys
Provider: Owen Humphreys/PA Wire
Source: PA
Copyright: PA

UK news

Appeal for tree’s return

This tree symbolised resilience and renewal, and its loss will be deeply felt.

Laura Lee, from Wray Castle, urged those who stole the sapling to return it as the “tree belongs to everyone”.

What to know as child rescued six days after Venezuela earthquake

President Delcy Rodríguez described the child’s miraculous rescue as a “source of hope for our people”.

Volunteers search for survivors and victims after two earthquakes struck Venezuela. (Picture: Lin Chunyin/China News Service via Getty Images)Volunteers search for survivors and victims after two earthquakes struck Venezuela. (Picture: Lin Chunyin/China News Service via Getty Images)

What you need to know

People light candles at a vigil in tribute to victims of Venezuela's deadly earthquakes, outside Valencia Cathedral, in Valencia, Spain, June 28, 2026. REUTERS/Eva ManezA vigil in tribute to victims of Venezuela’s deadly earthquakes, outside Valencia Cathedral (Photo: REUTERS/Eva Manez)

Pulled from the rubble

The three-year-old boy, named as Klieber Morán, was rescued alive from the rubble in the state of La Guaira.

Trapped

A Jordanian search and rescue team helping in Venezuela first used to cameras to locate the boy.

Members of the French Civil Security Training and Intervention Regiment (UIISC 7), US rescuers and other emergency personnel work at collapsed buildings in Caraballeda, La Guaira state, Venezuela, on June 28, 2026, following earthquakes. Thousands of rescuers, relatives and volunteers dig day and night through mounds of concrete to find survivors of the earthquakes that struck Venezuela more than three days ago, leaving nearly 1,500 dead and tens of thousands missing. (Photo by Miguel MEDINA / POOL / AFP via Getty Images)Members of the French Civil Security Training and Intervention Regiment in Caraballeda (Photo: Miguel MEDINA/POOL/AFP/Getty)

Families pick clothes at a shelter for the victims of an earthquake that struck Venezuela. (Picture: Jesus Vargas/Getty Images)Families pick clothes at a shelter for the victims of an earthquake that struck Venezuela. (Picture: Jesus Vargas/Getty Images)

Cheers of joy

There were cheers of joy and applause as Klieber was freed and taken to hospital.

Watch more from The i Paper

Hope among the death toll

Klieber is in a stable condition in hospital. His survival is well beyond the limit of three days, which experts say is usually the longest someone can survial under rubble after an earthquake.

Mourners at a mass for Venezuela after two earthquakes struck the country. (Picture: Pedro Lazaro Fernandez/Reuters)Mourners at a mass for Venezuela after two earthquakes struck the country. (Picture: Pedro Lazaro Fernandez/Reuters)



4 min read

The latest from Venezuela

The death toll in Venezuela is now over 1,900

Thousands are still reported missing despite rescue efforts

The UK Government will match public donations to the Disaster Emergency Committee’s appeal



3 min read

Two officers under investigation over Henry Nowak arrest

The 18-year-old was fatally stabbed by Vickrum Digwa in Southampton on 3 December last year.

Undated handout file photo originally issued on 07/12/25 by Hampshire Police of Henry Nowak. Sikh man Vickrum Digwa has been jailed at Southampton Crown Court for life with a minimum term of 21 years for the murder of 18-year-old student Henry Nowak. Digwa stabbed Henry to death with a Sikh kirpan ceremonial knife five times in the incident in Belmont Road, Southampton, on December 3 2025. Issue date: Monday June 01, 2026. PA Photo. Photo credit should read: Hampshire Police/PA Wire NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.Caption: Undated handout file photo originally issued on 07/12/25 by Hampshire Police of Henry Nowak. Sikh man Vickrum Digwa has been jailed at Southampton Crown Court for life with a minimum term of 21 years for the murder of 18-year-old student Henry Nowak. Digwa stabbed Henry to death with a Sikh kirpan ceremonial knife five times in the incident in Belmont Road, Southampton, on December 3 2025. Issue date: Monday June 01, 2026. PA Photo. Photo credit should read: Hampshire Police/PA Wire

NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
Photographer: Hampshire Police
Provider: Hampshire Police/PA Wire
Source: pa
Copyright: PA

What you need to know

Floral tributes for Henry Nowak are pictured outside of Southampton Central Police Station in Southampton, southern England, on June 3, 2026. British police chiefs are reviewing anti-racism guidance following outrage over the treatment of a white student, who was handcuffed as he lay dying after being stabbed by a Sikh man, officials said June 3. (Photo by Ben STANSALL / AFP via Getty Images)Caption: Floral tributes for Henry Nowak are pictured outside of Southampton Central Police Station in Southampton, southern England, on June 3, 2026. British police chiefs are reviewing anti-racism guidance following outrage over the treatment of a white student, who was handcuffed as he lay dying after being stabbed by a Sikh man, officials said June 3. (Photo by Ben STANSALL / AFP via Getty Images)
Photographer: BEN STANSALL
Provider: AFP via Getty Images
Source: AFP
Copyright: AFP or licensors

Watchdog probe

The Independent Office for Police Conduct (IOPC) is investigating two officers for potential gross misconduct.

Henry handcuffed before he died

They failed to realise Henry had been stabbed, proceeding to arrest and handcuff him instead.

Undated handout photo issued by Hampshire Police of Vickrum Digwa who has been found guilty at Southampton Crown Court of the murder of university student Henry Nowak, who he stabbed to death with a Sikh kirpan ceremonial knife. Digwa told police a Caption: Undated handout photo issued by Hampshire Police of Vickrum Digwa who has been found guilty at Southampton Crown Court of the murder of university student Henry Nowak, who he stabbed to death with a Sikh kirpan ceremonial knife. Digwa told police a “wicked lie” that he was the victim of a racist attack after he stabbed finance student Henry Nowak, from Chaffod Hundred, Essex, five times in the incident in Belmont Road, Southampton, on December 3 2025. Issue date: Thursday May 28, 2026. PA Photo. Photo credit should read: Hampshire Police/PA Wire

NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
Photographer: Hampshire Police
Provider: Hampshire Police/PA Wire
Source: PA
Copyright: PA

Undated handout photo issued by the Crown Prosecution Service of the murder weapon used by Vickrum Digwa who has been jailed at Southampton Crown Court for life with a minimum term of 21 years for the murder of 18-year-old student Henry Nowak. Digwa stabbed Henry to death with a Sikh kirpan ceremonial knife five times in the incident in Belmont Road, Southampton, on December 3 2025. Issue date: Monday June 01, 2026. PA Photo. Photo credit should read: CPS/PA Wire NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.Caption: Undated handout photo issued by the Crown Prosecution Service of the murder weapon used by Vickrum Digwa who has been jailed at Southampton Crown Court for life with a minimum term of 21 years for the murder of 18-year-old student Henry Nowak. Digwa stabbed Henry to death with a Sikh kirpan ceremonial knife five times in the incident in Belmont Road, Southampton, on December 3 2025. Issue date: Monday June 01, 2026. PA Photo. Photo credit should read: CPS/PA Wire

NOTE TO EDITORS: This handout photo may only be used for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
Photographer: CPS
Provider: CPS/PA Wire
Source: pa

Failures

The IOPC will investigate whether Henry should have been given first aid sooner and the decision to arrest.

What comes next?

Digwa was jailed for life in June with a minimum term of 21 years, but the IOPC will now investigate the officers.

The IOPC is also looking at whether race or religion played a role in what happened.

The investigation could mean Hampshire officers face disciplinary proceedings and lose their jobs.

Hampshire and Ise of Wight Constabulary is also co-operating with the investigation.

The probe was expanded following consultation with Henry’s family.

What the IOPC says

There is clear evidence that public confidence in the force may have been seriously harmed by this incident, and that is a factor we must consider when assessing the evidence

IOPC director of engagement, Derrick Campbell

Demonstrators hold a banner reading 'Starmer = Responsibile. Your Hate Words!!' as they protest about the Police's handling of the detention of victim Henry Nowak, outside Southampton Central Police Station in Southampton, southern England, on June 2, 2026, following the conviction of his murderer Vickrum Digwa. Body camera footage of dying student Henry Nowak, who was handcuffed by British police after being stabbed by Sikh man Vickrum Digwa, and falsely accused of racially abusing his murderer sparked outrage Tuesday. (Photo by JUSTIN TALLIS / AFP via Getty Images)Caption: Demonstrators hold a banner reading ‘Starmer = Responsibile. Your Hate Words!!’ as they protest about the Police’s handling of the detention of victim Henry Nowak, outside Southampton Central Police Station in Southampton, southern England, on June 2, 2026, following the conviction of his murderer Vickrum Digwa. Body camera footage of dying student Henry Nowak, who was handcuffed by British police after being stabbed by Sikh man Vickrum Digwa, and falsely accused of racially abusing his murderer sparked outrage Tuesday. (Photo by JUSTIN TALLIS / AFP via Getty Images)
Photographer: JUSTIN TALLIS
Provider: AFP via Getty Images
Source: AFP
Copyright: AFP or licensors

Village People frontman Victor Willis dies aged 74

Victor Willis, the frontman of the 1970s group the Village People, has died it has been announced.

CIRCA 1980: The Village People pose for a Casablanca Records publicity shot circa 1980 (Photo by Michael Ochs Archives/Getty Images)Caption: CIRCA 1980: The Village People pose for a Casablanca Records publicity shot circa 1980 (Photo by Michael Ochs Archives/Getty Images)
Photographer: Michael Ochs Archives
Source: Michael Ochs Archives
Copyright: REDFERNS

1970s disco icons

The singer died following a “short but aggressive illness” on Monday, according to the statement.

They shot to stardom with hits including ‘YMCA’, ‘Go West’, ‘Mancho Man’ and ‘In The Navy’, which they sang while dressed as archetypal macho characters. Willis was alternately a policeman and and naval officer.

VANCOUVER, BC - SEPTEMBER 02: Victor Willis of Village People performs on stage at PNE Amphitheatre on September 2, 2018 in Vancouver, Canada. (Photo by Andrew Chin/Getty Images)Caption: VANCOUVER, BC – SEPTEMBER 02: Victor Willis of Village People performs on stage at PNE Amphitheatre on September 2, 2018 in Vancouver, Canada. (Photo by Andrew Chin/Getty Images)
Photographer: Andrew Chin
Provider: Getty Images
Source: Getty Images North America
Copyright: 2018 Andrew Chin

(L-R) Chad Freeman, James Kwong, J.J. Lippold, Angel Morales, Victor Willis, Sonny Earl of Village People attend the 7th Annual Streamy Awards, on September 26, 2017, in Beverly Hills, California. / AFP PHOTO / VALERIE MACONVALERIE MACON/AFP/Getty ImagesCaption: (L-R) Chad Freeman, James Kwong, J.J. Lippold, Angel Morales, Victor Willis, Sonny Earl of Village People attend the 7th Annual Streamy Awards, on September 26, 2017, in Beverly Hills, California. / AFP PHOTO / VALERIE MACONVALERIE MACON/AFP/Getty Images
Photographer: VALERIE MACON,
Provider: AFP/Getty Images
Copyright: AFP

Legacy cemented

In 2020, YMCA was inducted to both the Grammy Hall of Fame and the US Library of Congress National Recording Registry, which “ensure the survival, conservation and increased public availability of America’s audio heritage”.

Portrait of the original members of the American disco group The Village People, from left to right: Randy Jones (the cowboy); David Hodo (the construction worker); Felipe Rose (the American Indian); Victor Willis (the cop); Glenn Hughes (the leatherman) and Alexander Briley (the G.I.). (Photo by CBS Archive/Getty IMages)Caption: Portrait of the original members of the American disco group The Village People, from left to right: Randy Jones (the cowboy); David Hodo (the construction worker); Felipe Rose (the American Indian); Victor Willis (the cop); Glenn Hughes (the leatherman) and Alexander Briley (the G.I.). (Photo by CBS Archive/Getty IMages)
Photographer: CBS Photo Archive
Provider: Getty Images
Source: CBS
Copyright: Copyright CBS Broadcasting Inc. All Rights Reserved. Credit: CBS Photo Archive.

VANCOUVER, BC - SEPTEMBER 02: Victor Willis of Village People performs on stage at PNE Amphitheatre on September 2, 2018 in Vancouver, Canada. (Photo by Andrew Chin/Getty Images)Caption: VANCOUVER, BC – SEPTEMBER 02: Victor Willis of Village People performs on stage at PNE Amphitheatre on September 2, 2018 in Vancouver, Canada. (Photo by Andrew Chin/Getty Images)
Photographer: Andrew Chin
Provider: Getty Images
Source: Getty Images North America
Copyright: 2018 Andrew Chin

Willis achieved two UK top 10 singles including YMCA, which has become a gay anthem, despite the singer claiming in 2024 that it was not the song’s intention.

Energy price cap comes into effect – what to know 

Around 5.3 million households will be affected by the change from Wednesday, 1 July.

File photo dated 03/02/22 of an online energy bill. Energy suppliers are holding ?3 billion of households' money built up by direct debit but not used over the winter, a survey for comparison site Uswitch found. The average home that is in credit has built up almost ?200 with their supplier, according to the poll. Issue date: Tuesday April 14, 2026. PA Photo. Photo credit should read: Jacob King/PA WireThe Government has included various measures in the King’s Speech to cut energy bills (Jacob King/PA)

What you need to know

The price cap, set by regulator Ofgem, will increase by 13 per cent

Electricity goes from 24.67p a kilowatt hour to 26.11p, while gas charges will rise from 5.74p a kWh to 7.33p

The average bill will increase by £221 to £1,862 a year

The jump is driven by a spike in prices caused by the Middle East conflict



4 min read

What comes next?

Consumers are being urged to see if they can get a cheaper fixed deal. Forecasts suggest bills will remain high throughout winter, falling by only around 0.5% in October. The reopening of the Strait of Hormuz and ongoing repairs to infrastructure will mean prices remain high, if less volatile than in the spring.

Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 11, 2026. Amirhosein Khorgooi/ISNA/WANA (West Asia News Agency) via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. ISRAEL OUT. NO COMMERCIAL OR EDITORIAL SALES IN ISRAEL. NO ACCESS FOR ISRAELI MEDIA. NO USE BBC PERSIAN. NO USE VOA PERSIAN. NO USE MANOTO. NO USE IRAN INTERNATIONAL. NO USE RADIO FARDA. DIGITAL: NO USE BBC PERSIAN. NO USE VOA PERSIAN. NO USE MANOTO. NO USE IRAN INTERNATIONAL. NO USE RADIO FARDA.The US-Israeli war with Iran largely stopped shipping through the Strait of Hormuz ⁠for around a fifth of the ​world’s ⁠oil and liquefied natural gas supply, along with products such as aluminium and urea (Photo: Amirhosein Khorgooi/Reuters)



3 min read

What the Government says

We know families are deeply concerned about rising energy bills because of a war we did not choose, and we are determined to fight their corner to tackle energy affordability

Minister for energy consumers Martin McCluskey 

(FILES) A smart meter indicating how many kWh (kilowatt-hour) of energy has been used already in one day, and how much it has cost in pounds sterling, is pictured in a house in London, on December 13, 2022. The price cap on energy bills for most UK households will rise this winter, regulator Ofgem said on November 23, 2023, further fuelling a cost-of-living crisis that is forecast to worsen. Bills will climb from January on rising wholesale energy prices, which have increased due to key producer Russia's war in Ukraine, Ofgem said in a statement. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)There are multiple easy ways you can shave money off your energy costs (Photo: Daniel Leal/AFP)

The new Motability reforms – from tax hikes to mileage limits

Motorists will be hit by a swathe of new taxes and mileage regulations from today.

Diss, UK - September 4, 2925: A sign and logo for the Motability Scheme at the NBR Mobility showroom in Diss, Norfolk.Motorists will be capped at an average of 10,000 miles per year under changes to the Motability Scheme (Photo: Nigel Harris/Getty Images/iStock Editorial)

Government wants to cut costs

Changes come into force today in a bid to reduced costs by £1bn by 2030. Luxury car models, such as BMWs and Audis, have already been removed from the scheme in a change campaigners called a “direct attack” on disabled people.

A feature on Motability in Stockton-on-Tees, Teesside. The Peugeot Simon Bailes dealership in Stockton.Caption: A feature on Motability in Stockton-on-Tees, Teesside. The Peugeot Simon Bailes dealership in Stockton.
Photographer: Chris BOOTH
Copyright: CHRIS BOOTH PHOTOS



4 min read

What you need to know

From today, 20 per cent VAT applies to advance payments on new orders

Most deals will include Insurance Premium Tax (IPT) at 12 per cent

A 30,000-mile cap over three years

Tyre replacements no longer unlimited



5 min read

What the government says

Today’s changes are driven by the fairness that underpins this Government – fairness for the taxpayer, fairness for disabled people and fairness for the country

pat mcfadden, work and pensions secretary

LONDON, UNITED KINGDOM - JUNE 23: British Chancellor of the Duchy of Lancaster and Minister for Intergovernmental Relations Pat McFadden arrives at 10 Downing Street to attend the weekly Cabinet meeting in London, United Kingdom, on June 23, 2026. (Photo by Rasid Necati Aslim/Anadolu via Getty Images)Caption: LONDON, UNITED KINGDOM – JUNE 23: British Chancellor of the Duchy of Lancaster and Minister for Intergovernmental Relations Pat McFadden arrives at 10 Downing Street to attend the weekly Cabinet meeting in London, United Kingdom, on June 23, 2026. (Photo by Rasid Necati Aslim/Anadolu via Getty Images)
Photographer: Anadolu
Provider: Anadolu via Getty Images
Source: Anadolu

How much Donald Trump made from crypto last year, revealed

The US President has made huge sums of money since taking office, his mandatory financial report shows.

President Donald Trump speaks before signing a presidential memo to the EPA on pollution control in vehicles, in the Oval Office of the White House, Monday, June 29, 2026, in Washington. (AP Photo/Jacquelyn Martin)President Donald Trump has narrowly lost the Supreme Court vote he hoped would assist mass deportations – but he won’t give up easily (Photo: Jacquelyn Martin/AP)

Trump’s crypto fortune

$1bn

How much Trump made from his family’s crypto ventures, as declared in a filing for the year 2025.

US presidents must publicly share their assets, liabilities and income sources each year.

$635m (£479m) came from the Trump ‘memecoin’ he launched days before his inauguration as President in 2025

$500m (£377m) came from World Liberty Financial, a crypto company he co-founded with his sons

What his critics say

Democrats have raised concerns over a potential conflict of interest. Senator Elizabeth Warren warned Trump’s coins could be covertly bought by hostile states.

Trump’s financial disclosure covers 927 pages. Barack Obama’s final form was nine pages, and Joe Biden’s was 11.

FILE PHOTO: U.S. Sen. Elizabeth Warren (D-MA) speaks on Day 4 of the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois, U.S., August 22, 2024. REUTERS/Mike Segar/File PhotoUS Sen. Elizabeth Warren (D-MA) during the Democratic National Convention (DNC) at the United Center, in Chicago, Illinois (Photo: REUTERS/Mike Segar)



3 min read

(FILES) Director of the US Office of Management and Budget (OMB) Russell (Russ) Vought speaks to reporters outside the West Wing of the White House on July 17, 2025, in Washington, DC. voug. US President Donald Trump will meet his budget chief Russell Vought on October 2, 2025, to determine which federal agencies to cut amid a federal government shutdown that he has hailed as an Russell Vought is currently the director of the Office and Management and Budget (OMB), a hugely important role that practically nobody in America knows anything about. (Photo: Andrew Caballero-Reynolds/AFP)

world

Trump’s mastermind who took control of America’s money

When most White House officials see the president who hired them leave office, they think about where they’re going to land their next job. Russell Vought thought about how to bend the entire government to his will when he got back in power.

While Ofgem is updating its definition of a typical consumer from July to reflect falling household energy use, which adjusts the headline figure to £1,654, analysts at Cornwall Insight said that represented “little change” on a like-for-like basis.

Global energy prices are expected to remain high throughout 2027 due to the US-Israel war in Iran, with soaring wholesale costs hitting homeowners.

So what can people do to lower their bills?

Changing to fixed tariffs

Around 5.3 million households on standard tariffs, who don’t have smart metres, could be overcharged for energy they have already used.

Standard – or default – tariffs can can see energy prices can go up or down.

Uswitch urged consumers who don’t have a smart meter to submit their latest readings on or around 1 July to ensure they are billed the correct amount.

Ben Gallizzi, energy spokesman at Uswitch, said: “There are two crucial things you should add to your to-do list for the coming days – submit a meter reading and get a cheap, fixed energy deal.”

Around 60 per cent of UK households are on a default energy tariff, known as a standard variable tariff (SVT).

Lower bills – and hanging out washing

Anyone who hasn’t switched tariffs over the last 18 months is almost certainly on a standard tariff and paying more than they need to, said Sabrina Hoque, energy expert at Uswitch.

“Using the new average consumption figures, the cheapest fixed deal on the market comes in at £1,382 a year for a typical usage household – 17 per cent or £281 below the standard rates”, she said.

“Locking in a fixed tariff now means protecting yourself not just today, but through autumn and winter when heating use is at its highest and energy costs hit household budgets hardest.”

Consumers were also urged to hang clothes outside to dry rather than use tumble dryers during warmer months.

Bill payers were also advised also turn off their thermostats over summer to avoid accidental heating costs on warmer days.

Will prices continue to rise?

A spokesperson for Cornwall Insight predicted a slight fall in October’s price cap.

But ongoing uncertainty around the Middle East meant the energy market was not going down as much as consumers may hope, they added.

“We are expecting in January for them to go further down than October, but we’re still talking a couple of hundred pounds more than what they were in January and March,” the spokesperson said.

“If there’s a ceasefire, if the market calms down, the prices may go down further, alternatively, if it gets worse, prices may go up.”

Confusion over the reopening of the Strait of Hormuz, patchy progress of peace talks and uncertain repair timelines to key regional infrastructure mean prices remain high, if less volatile than in the Spring, said Dr Craig Lowrey, principal consultant at Cornwall Insight.

But even a small fall in October’s price heading into winter would see household finances being hit harder than the latest increase which falls over summer.

He added: “While July’s higher prices will be cushioned by warmer weather and lower household energy use, the October cap lands as people switch their heating back on and will have a greater impact on household finances.”

How could the Government help?

This week’s roughly 13 per cent increase from the previous price cap in April is still well below the highs seen at the start of the war in Ukraine from 2022.

Data from Ofgem shows the price cap soared to £4,279 at the start of 2023, with the then-Conservative government intervening to support households.

Its package included a £2,500 cap on annual bills and a £400 payment for all households, and more targeted support for pensioners and those on benefits.

But the measures cost the taxpayer around £75bn over two years.

Lowrey said the Government has several options available to support households.

A new prime minister – expected to be Andy Burnham – may be open to introducing targeted support for more vulnerable households if prices remain high, he said.

Chancellor Rachel Reeves has said any support would be focused on ”those who need it most” if energy bills spiral rather than the blanket discounts offered to all households in 2022.

The Tories have also pressed Reeves to scrap VAT on fuel during the current energy crisis, which it says can be funded by axing renewable energy schemes and green levies.

Campaigners from the End Fuel Poverty Coalition called for the next prime minister to “fast-track the electrification of the UK” and bring in an energy social tariff to lower bills.

Warm Homes Plan

This year, the Government unveiled its Warm Homes Plan vowing to tackle the “national emergency” of rising energy bills.

The plan would focus on funding solar panels, heat pumps and batteries for households through low- or no-interest loans and grants.

Officials have estimated that a three-bed, detached house with solar panels and a heat pump could save £550 a year.

But even with the grants there would be additional costs for installation, with a heat pump after the subsidy costing households on average £5,000.

The Government extended the Warm Home Discount to provide eligible households with a one-off £150 rebate on their electricity bills every winter until 2030.

A spokesperson for Cornwall Insight said: “That will just continue. Obviously, it won’t have as as big an impact if prices are higher.”

The End Fuel Poverty Coalition called for the discount to be increased from £150 to £400.