- latest: Ofgem warning over fixed energy tariffs; expert tips on saving money on fuel; which supermarket is cheapest?

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Ofgem has dropped the energy price cap to £1,923, effective from 1 October - but Labour has hit out at the government, saying the 'figures demonstrate the scandalous Tory cost of living crisis'.

A popular music festival in Sheffield has been cancelled, with organisers citing"barriers to funding" on top of"ever increasing production costs".

Cornwall Insight has predicted energy prices will go up in January, with the energy price cap potentially rising by around 9% in the first quarter. The rise is due to a recent has price surge across Europe. MPs who lose their seat at the next general election will receive double the financial support after a ruling from parliament's expenses watchdog.Those who suffer an election defeat have previously been entitled to two months of financial assistance to help close their office and manage the departure of staff.

John O'Connell, chief executive of the TaxPayers' Alliance, said:"Hard-pressed Brits are already funding generous salaries, perks and pensions for elected officials.Finance expert's top tip for saving money on fuelThis will no doubt add extra strain for people already struggling with high food bills and mortgage payments.

Meanwhile, the Resolution Foundation estimates about one in three households in England will face higher bills between October and March.Its analysis suggests among the poorest tenth of England's households, nearly half, 47%, would face more expensive bills this winter. Meanwhile, second-placed Morrisons was £2.67 more expensive than Asda, which offered the lowest price on 19 products and was exclusively cheapest on a 12 others - including Frubes, nutmeg and Heinz sandwich spread.The Grocer reports that Sainsbury's Nectar Prices initiative had considerably less impact than its Tesco rival, with discounts on seven items adding up to just £2.20. However, it was the cheapest place to get six items - including plums, black olives and halloumi.

 

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