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UK News Millions face fuel price hikes as Tesco warn of panic buying

02:20  23 september  2021
02:20  23 september  2021 Source:   dailymail.co.uk

Don't get burnt in the energy crisis: How to keep cool as bills soar

  Don't get burnt in the energy crisis: How to keep cool as bills soar An unprecedented gas supply crisis is threatening to add hundreds of pounds to our energy bills as we head for a bleak winter. Here we explain how to keep your cool and beat the heating bills blitz.Scores of small power providers are at risk of going to the wall in the coming months — forcing millions of us on cheap fixed deals to pay much more at a time when rising prices and taxes are already hitting our pockets.

Britain faces winter of woe as millions of households face bills increasing by more than £400 amid gas crisis. Dozens of energy firms on brink after gas crisis causes suppliers to collapse. Crisis is expected to hit millions of Britons after wholesale energy prices rise. Tesco says to expect a return of panic ‘Our concern is that the pictures of empty shelves will get ten times worse by Christmas and then we’ll get panic buying ,’ said Andrew Woolfenden of Tesco . Twelve industry groups, led by the National Farmers’ Union, predicted the situation would get worse without a new visa regime to draw in foreign

Tesco warns lorry driver shortage will lead to panic buying in run up to Christmas as bosses call on ministers to take urgent action to solve crisis. Tesco says to expect a return of panic buying and empty shelves by Christmas. Despite gaps appearing on supermarket shelves across the country this summer, consumers are yet to see a return of full-scale panic buying that was endured at the start of the pandemic. But concerns are continuing to grow should demand suddenly surge again - with replenishing empty shelves already an issue for most major UK retailers.

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Fat cat energy firms profiteering from the gas price crisis could face a windfall tax, with ministers 'looking at all options' to help households facing rocketing bills.

Millions of families pay paying more than £400 extra as the ongoing crisis causes further suppliers to collapse.

Two more energy firms with a combined 800,000 customers, Avro Energy and Green Supplier, went into administration yesterday.

Dozens of other companies are under threat including Bulb, which supplies 1.7million homes.

Customers on cheap tariffs with failed firms face being bumped up to the capped rate of £1,277 – a rise of at least £400.

Tesco warns lorry driver shortage could lead to return of panic buying

  Tesco warns lorry driver shortage could lead to return of panic buying Despite being the UK's largest supermarket chain, and offering new recruits a £1,000 bonus since July, Tesco has been unable to replace 800 HGV drivers and urged ministers to allow foreign workers in.The supermarket giant revealed it was currently suffering a shortfall of approximately 800 HGV drivers as it urged the Government to ease restrictions on foreign workers to help alleviate the supply chain crisis.

Tesco has warned that a shortage of goods and empty shelves could lead to panic buying in the weeks leading up to Christmas unless an urgent solution to the HGV driver crisis is found. The UK’s largest supermarket chain sounded the alarm in a meeting organised by the Cabinet Office, urging the Government to temporarily make it easier to bring in workers from abroad. Tesco bosses said that they have a shortfall of 800 HGV drivers – a fraction of the tens of thousands of vacancies in the sector across the UK.

Government plans gas rescue package as a million families face energy bill price hike . Mounting fears of a 1970s-style three-day week as Britain's energy crunch deepens. Markets endure global sell off as US stocks tumble. FTSE 100 closes 0.8pc lower. Matthew Lynn: Macron’s defence disaster is a golden opportunity for Global Britain. Sign up here for our daily business briefing newsletter. UK gas prices for next month surged 16pc on Monday, after Russia opted to cap additional flows to Europe.

Energy watchdog Ofgem described the situation as ‘unprecedented’ and confirmed bills would rise further, while Business Secretary Kwasi Kwarteng indicated the Government was considering a windfall tax to help fund the response.

The bleak warning came as food chiefs said supply problems caused by shortages of drivers and farm workers were deepening.

‘Our concern is that the pictures of empty shelves will get ten times worse by Christmas and then we’ll get panic buying,’ said Andrew Woolfenden of Tesco.

Twelve industry groups, led by the National Farmers’ Union, predicted the situation would get worse without a new visa regime to draw in foreign workers.

Customers with failing energy firms will be switched to new suppliers charging much higher tariffs, which is likely to add at least £400 extra to the cost of heat and light.

Ambulance crashes into car waiting for fuel as petrol stations close

  Ambulance crashes into car waiting for fuel as petrol stations close Footage taken last night in Bromley, Greater London, shows cars gridlocked on a road near a Shell petrol station when an ambulance with its siren blaring tries to bypass the traffic.Footage taken last night in Bromley, Greater London, shows cars gridlocked on a road near a Shell petrol station.

Tesco also warned that panic - buying could be “far worse” than at the start of the pandemic, according to retail magazine The Grocer. The concerns were raised during the first meeting of the government’s new food and drink supply chain taskforce. A number of retailers have been selected by the Tesco ’s intervention comes as president of the National Farmers’ Union, Minette Batters, also warned of the return of panic - buying . Ms Batters wrote in a letter to Boris Johnson, and signed by 12 food and drink trade bodies, saying: “The entire UK food supply chain from farm supply to retail outlet are united in

TESCO has resorted to pulling all multi-pack deals and promotions in a bid to stop shoppers from hoarding supplies and leaving little for everyone else. These are challenging times and we are facing unprecedented demand. “We are doing everything we can to ensure customers get what they need including setting purchase limits on our products. In the current climate, when we have a limited amount of stock, promotions such as multi- buys are irresponsible.

Empty shelves ten times worse by Christmas, says Tesco

The sight of empty shelves could get ‘ten times worse’ before Christmas and trigger panic buying, bosses at Tesco have warned.

Britain’s biggest retailer said a chronic shortage of delivery drivers will make it impossible to move goods to stores during the busy festive season.

Gaps have been seen on shelves for months as a result of the delivery crisis, while big chains including McDonald’s and Wetherspoons have apologised to customers for shortages.

Poultry industry bosses have warned of a lack of fresh turkeys and others have suggested problems with deliveries of toys and many other goods.

‘Panic-buying idiots have lost me income’, says self-employed electrician

  ‘Panic-buying idiots have lost me income’, says self-employed electrician Roland McKibbin said he had lost work worth around £200 due to being unable to find any fuel.Queues stretched out from petrol stations at the weekend as panic-buying added to fuel supply issues caused by a lack of HGV drivers.

Panic - buying has swept through the country with shoppers recording empty shelves in supermarkets including Asda, Costco and Tesco ,leading the latter to ration essential products. Costco and Asda shelves stripped bare in panic - buying frenzy as Tesco boss insists there's enough to keep Britain fed during coronavirus outbreak (but still rations toilet roll, tinned veg and pasta). Shoppers are flocking to supermarkets to buy bottled water and toilet roll. Shelves in Asda in Dagenham, Essex were left completely empty.

Gas stations are running out of fuel in Southeastern cities and long lines are forming across the country as panic buying ensues following the crippling cyberattack on the nation's top fuel pipeline network. Ashish Desai, an employee at BP station in Charlotte, North Carolina, said Tuesday was chaotic. Krisi Ennis, who lives in North Carolina but works in South Carolina, said Tuesday that she had seen the news the night before, but panicked when she noticed the gas station near her job had run out of gas. "I got lucky," she told ABC News, after waiting for over 40 minutes before finally getting to a pump.

Now Tesco’s UK distribution chief Andrew Woolfenden has said the situation is set to escalate. ‘Our concern is that the pictures of empty shelves will get ten times worse by Christmas and then we’ll get panic buying,’ he added.

The road haulage industry says there is a shortage of more than 90,000 skilled HGV drivers.

Industry leaders say the only solution is to create an emergency visa to allow thousands of truck drivers from EU countries into Britain to make sure the economy does not grind to a halt.

Boris Johnson, Home Secretary Priti Patel and Transport Secretary Grant Shapps have so far ruled this out, insisting firms need to recruit more drivers and pay them better. Tesco has been offering new driver recruits bonuses of £1,000 since July, while other supermarkets and businesses have taken similar action.

But Mr Woolfenden said firms are fighting over a limited pool of drivers so this approach is ‘moving deckchairs around’.

Tesco has warned ministers it has a shortfall of 800 HGV drivers and asked the Government to temporarily make it easier to bring in workers from abroad.

Government expected to mobilise army 'as a precaution' amid fuel crisis

  Government expected to mobilise army 'as a precaution' amid fuel crisis The government is expected to mobilise the army as a precaution amid the ongoing queues at petrol stations around the country, according to a Whitehall source. © PA A sign on fuel pumps showing no petrol available at a BP garage in Grangemouth Petrol retailers had been hoping for a return to normal after motorists drained pumps over the weekend.But there was little sign of the panic-buying diminishing on Monday, with consumers apparently ignoring pleas to stop.

Andrew Opie, of the British Retail Consortium, which speaks for all the large store chains, said: ‘Retailers are helping train tens of thousands of new British drivers but while this takes place it is vital that Government provides temporary work visas to allow drivers from abroad to fill the gap and keep our supply chains moving.’

A task force has been set up by the Cabinet Office to address supply chain problems.

Industry leaders say the driver shortage is a combined result of Covid-19 and Brexit. The pandemic led to the cancellation of tens of thousands of driving tests for people who would have replaced older drivers leaving the industry.

Meanwhile, the Office for National Statistics said 14,000 European drivers left the UK in the year to June 2020 and only 600 had returned by July this year. The Road Haulage Association puts the number who left at 20,000 and Logistics UK at 25,000.

A Government spokesman said: ‘We recognise business is facing a range of challenges and we are taking steps to support them, including streamlining the process for new HGV drivers and increasing the number of driving tests.’

Twelve food and farming industry organisations, led by the National Farmers’ Union, say a worker shortage of around 500,000 means tonnes of good food is being thrown away.

Fuel crisis: Military drivers put on standby to deliver petrol as pressure on govt builds

  Fuel crisis: Military drivers put on standby to deliver petrol as pressure on govt builds The government announced this morning that military drivers have been put on standby in preparation to deliver fuel in order The post Fuel crisis: Military drivers put on standby to deliver petrol as pressure on govt builds appeared first on CityAM.

They sent a letter to the Prime Minister last night warning that without a new Covid Recovery Visa regime for foreign workers ‘more shelves will go empty and consumers will panic buy to try and get through the winter’.

British Steel has warned that soaring energy prices are making it ‘impossible’ to manufacture profitably at busy times of day. The firm said it would normally expect to pay about £50 per megawatt hour but, with prices ‘spiralling out of control’, it has recently been quoted as much as £3,500 at peak periods.


Video: UK public reveal concerns over potential hike in energy bills (Wales Online)

Firms are falling like dominoes as the result of the gas price shock. So far nine have gone bust this year, affecting around 1.9million homes.

Ofgem chief Jonathan Brearley told MPs yesterday: ‘We have already seen hundreds of thousands of customers affected and it could go well above that. This is something we have war-gamed and thought about.

‘The gas price is almost six times the level it was last year and, indeed, it rose by 70 per cent in August. So, we are in unprecedented cost territory.

‘The energy sector has faced shocks... but it really is something we have not seen before at this pace.

‘Unfortunately, when you see costs like this change, ultimately that will feed through to bills. Equally it is true that there are many suppliers under huge pressure now because of that dramatic change in their cost base.’

Adam Scorer, of the charity National Energy Action, said it was imperative to protect consumers and low-income households from the price rise. ‘Damage limitation is the priority for most customers at the moment,’ he added.

How to save fuel – and save money

  How to save fuel – and save money With long queues at petrol stations, changing the way you drive, maintaining your car and using a free app can all make your fuel go further.Even when the pumps are refilled and the queues disappear, however, refuelling will probably be one of your biggest regular bills. If you spend £60 a week on petrol or diesel, for example, that adds up to £3,120 a year.

Customers with the failing energy firms have typically been paying £800 to £900 a year. But the switch to a new supplier will see them moved to a price cap figure set by Ofgem, which will be £1,277 for an average household from October 1.

And there are warnings that this figure could climb again – by as much as £280 a year – from next April when the cap is next reviewed. Mr Scorer said many of the worst hit by price rises were reliant on Universal Credit.

He described as ‘unconscionable’ the Government’s decision to remove a £20 uplift in the benefit from the start of next month.

Ministers are under pressure to protect the most vulnerable against the spike in the cost of heat and light over the coming months. This could include increasing the number entitled to receive the Warm Homes Discount, which is worth £140 a year.

The surge in wholesale prices is delivering riches to energy companies that own and sell gas and electricity to retail firms, who in turn sell it to homes and businesses.

Business Secretary Kwasi Kwarteng indicated the Government was considering a windfall tax to help fund the response to the crisis.

Labour MP Darren Jones, chairman of the Commons business, energy and industrial strategy committee, said Spain had imposed a levy on ‘the generators and traders who are making very significant profits’ to fund protections for consumers.

Asked if that was a possibility here, Mr Kwarteng said: ‘We are looking at all options. What they are doing in Spain is recognising that it’s an entire system. I am in discussion with Ofgem and other officials, looking at all options.’

The trade body which represents suppliers, Energy UK, said the Government and regulators were warned two years ago that the market was fragile.

Chief executive Emma Pinchbeck said: ‘The point is, right now, we think that good, well-run companies will fail. And that’s a function of both the pricing shock but also market design.’

Her members say the cap on energy prices brought in by Theresa May’s government has played a part in the failure of some firms because they have to sell gas and electricity at a loss. But Mr Kwarteng insisted the cap must stay.

Chief executive of Citizens Advice, Dame Clare Moriarty, said the cut in Universal Credit was ‘coming at the worst possible time’. She added: ‘The Government has shown in this pandemic that it’s willing to support people through hard times. With a cost of living crisis under way, it must reverse the disastrous decision to cut this lifeline.’

At Prime Minister’s Questions, Labour deputy leader Angela Rayner challenged her opposite number, Dominic Raab, to guarantee no one would be pushed into fuel poverty this winter.

She accused the Government of hitting the pockets of working families by ‘cutting the income of a worker on £18,000 a year by over £1,100’ with tax rises.

Miss Rayner added: ‘That is almost exactly the same as an average annual energy bill.’

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This is interesting!