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Low Cost Britain

Our utility firms provide us all with the unglamorous but necessary products which we need to live in the modern world; essential things like energy (electricity and gas) and water, as well as almost-essentials like bank accounts and telephones too. Some of these firms, like the ones which provide our food, clothes and TV, produce products which we like, and rate highly (with the recent – and hopefully temporary – exception of the beef industry). But others – like energy, water, banks and broadband – make us feel ripped off and we consistently give them rock-bottom scores on everything from value for money to quality of service and overall customer satisfaction.


This isn’t good enough. We all need these products every day so, when they let us down with high prices or poor service, everybody suffers. It imposes a deadweight cost which holds back our economy, slowing growth and making Britain less dynamic. And the human cost falls most heavily on vulnerable and less well-off families too.

Updates



The Times: John and other MPs turn up heat as energy firms raise prices

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The Times writes that John and more than 50 other MPs have demanded “immediate action” to stop households being ripped off by energy companies after Eon raised its prices...

 

Telegraph: Energy bills cap to protect loyal customers

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John has supported proposals that would cap energy prices at 6 per cent above the cheapest deals as a way to protect loyal customers and those who don't want to face the hassle of switching...

 

The Times: It’s not too late to take our cue from Norway’s sovereign wealth fund

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In an article for the times, Political Editor Philip Aldrick discusses John's idea for a Sovereign Wealth Fund, drawing upon Norway's success to explain how it could benefit the UK...

 

MP John Penrose welcomes faster energy account switching announcement

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Weston-super-Mare MP John Penrose praised Ofgem’s decision this week to force energy firms to introduce one-day switching.

 

MP John Penrose welcomes faster energy account switching announcement

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Weston-super-Mare MP John Penrose praised Ofgem’s decision this week to force energy firms to introduce one-day switching.

 


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