Cost of living latest: Steps you should need to take before Sunday's price cap change; UK on track for record tax levels, thinktank says

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Experts have recommended consumers take a 'check, track, change' approach before the energy price cap changes this weekend. And a leading thinktank has predicted UK households will pay £3,500 more tax a year by the next election. Listen to Ian King's latest podcast as you scroll.

The energy price cap change comes into effect on Sunday - 1 October.

In a damning assessment, the IFS said no government had overseen a bigger increase in taxes during a parliament since 1951, when records began.17:00:01Up to 20% of new cars on Britain's roads could still be petrol and diesel models in 2030, after the government published guidelines for phasing out new internal combustion engine cars and vans by its new extended deadline of 2035.

The mandate has been anticipated by industry for two years, with some manufacturers privately frustrated that it has only been published three months before it applies. Mike Hawes, chief executive of industry group the Society of Motor Manufacturers and Traders, said:"The automotive industry is investing billions in decarbonisation and recognises the importance of the zero emission vehicle mandate as the single most important measure to deliver net zero.

"The account does include an introductory bonus rate of 2.45% which runs until 31 October 2024, so a review of the account before this expires would be wise." Caitlyn said:"This week Al Rayan Bank has taken a prominent position in the short-term fixed market with a rise to the expected profit rate on its 12 Month Fixed Term Deposit.

"However, savers should note that earlier access is permitted subject to 270 days' loss of interest and account closure. Savvy shoppers have planned to start Christmas shopping earlier and use online marketplaces this year to help cope with the cost, the report by Retail Economics and Auctane found. Chief executive Helena Helmersson told the BBC"there's always improvement to make" and the store is taking steps to make sure"whatever customers buy, they want to keep".

The Rail Delivery Group said operators will run as many trains as possible but there will be wide regional variations, with some running no services at all.The RDG said:"The rail industry is working hard to keep trains running despite the union leaders' decision to reject an offer which would give their members an 8% pay rise over two years, taking average salaries for train drivers up from nearly £60,000 a year to almost £65,000 a year for, on average, a four-day week.

 

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